The two main components of nondiscrimination in the GATT agreement are

Question

Quizplus · Accepted Answer

The two main components of nondiscrimination in the GATT agreement are national treatment, which requires that imported and domestically produced goods be treated equally once they enter a country's market, and most favored nation treatment, which requires that a country must offer the same tariffs and trade terms to all of its trading partners. Special and differential treatment, reciprocity and mutuality, and multilateralism and sovereignty are all important concepts in international trade, but they are not the main components of nondiscrimination in the GATT agreement.

The Two Main Components of Nondiscrimination in the GATT Agreement