Three particularly noteworthy principles of GATT are

Question

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The three noteworthy principles of GATT mentioned in option C are most-favoured nation treatment, national treatment, and fair competition. Most-favoured nation treatment refers to treating all members of the agreement equally without any discrimination. National treatment means treating domestic and foreign goods equally once they are in the domestic market. Fair competition is a principle that aims to prevent unfair practices such as dumping, subsidies, and monopolies. These three principles are the basic building blocks of GATT and have been carried over to the World Trade Organization (WTO). Option A and D mention environmental sustainability and human rights, and labour standards, respectively, which are not direct principles of GATT. Option B mentions environmental sustainability, national treatment, and fair competition, but most-favoured nation treatment is missing. Option E mentions most-favoured nation treatment and fair competition, but human rights is not a direct principle of GATT.

Three Particularly Noteworthy Principles of GATT Are