Which statement best characterizes the GATT's most-favoured nation clause?
A) Tariff reductions that are granted by a member of GATT to imports from one country apply only to that country.
B) Tariff reductions that are granted by a member of GATT to imports from one country are extended only to certain favoured members of GATT.
C) Tariff reductions that are granted by a member of GATT to imports from one country are extended to all other members of GATT.
D) Tariff reductions that are granted by a member of GATT to imports from one country must be matched by equivalent quota reductions.
Correct Answer:
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