Suppose the country of Peru wanted to join GATT and thus be treated the same as other GATT members.What GATT principle is Peru interested in receiving?
A) Free trade
B) Importation/exportation
C) The Tokyo Round
D) Foreign-exchange control
E) Most-favored-nation status

Question

Quizplus · Accepted Answer

Peru is interested in receiving most-favored-nation status, which means that it will receive the same treatment as other GATT members in terms of tariffs, trade restrictions, and other trade-related policies. This principle ensures fairness and non-discrimination in international trade.

Suppose the Country of Peru Wanted to Join GATT and Thus