As a delegate to the World Trade Organization, Kate stated during negotiations that the same rules and regulations that applied to another country's domestic firms must also be applied to her country's firms operating in that country. Kate was invoking the
A) principle of national treatment.
B) consensus principle.
C) most favored nation principle.
D) least favored nation principle.

Question

Quizplus · Accepted Answer

The principle of national treatment states that a country should treat foreign firms operating in its territory the same way it treats its own domestic firms. Therefore, Kate's statement is invoking this principle. The consensus principle refers to the decision-making process of the WTO, the most favored nation principle prohibits discrimination among trading partners, and the least favored nation principle prohibits providing any trading partner more favorable treatment than others.

As a Delegate to the World Trade Organization, Kate Stated