The General Agreement on Tariffs and Trade (GATT) replaced the earlier concept of reciprocity with
A) nondiscrimination.
B) mutual agreement.
C) coercive negotiation.
D) collective action.

Question

Quizplus · Accepted Answer

The GATT's core principle was nondiscrimination, which replaced the reciprocity concept in trade negotiations. This means that member countries should not discriminate between their trading partners and should apply the same tariff rates and trade policies to all countries equally, without any special privileges granted to any particular member. This principle remains a cornerstone of the World Trade Organization's (WTO) trade regime.

The General Agreement on Tariffs and Trade (GATT) Replaced the Earlier