A term describing a GATT clause that calls for member countries to grant other member countries the most favorable treatment they accord any country concerning imports and exports is referred to as the
A) preferred nation.
B) GATT favored country.
C) most favored nation.
D) Mutual GATT Courtesy.
E) Uruguay Round.

Question

Quizplus · Accepted Answer

The term describing a GATT clause that calls for member countries to grant other member countries the most favorable treatment they accord any country concerning imports and exports is referred to as the most favored nation clause. This means that any favorable treatment extended to one country by another member must be extended to all GATT members.

A Term Describing a GATT Clause That Calls for Member