The concept whereby all trading parties that were contracting parties to GATT or new members of the WTO are treated the same with respect to tariffs is known as:

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The concept described is known as the Most Favored Nation (MFN) principle, which is a cornerstone of the World Trade Organization (WTO) agreements. It ensures that any advantage, favor, privilege, or immunity granted by any WTO member to the products of any other country must be extended to the products of all other WTO members.

The Concept Whereby All Trading Parties That Were Contracting Parties