Which of the following is a basic principle of the GATT?

Question

Quizplus · Accepted Answer

The basic principle of the General Agreement on Tariffs and Trade (GATT) is nondiscrimination, which means that member countries should not discriminate against imports from other member countries or give preferential treatment to their own domestic industries. This principle is designed to promote free and fair trade among nations. The other choices listed (freer trade in agricultural goods, preferential access, strategic trade) are not basic principles of the GATT, although they may be important issues in international trade.

Which of the Following Is a Basic Principle of the GATT