Each member of the World Trade Organization is obligated to treat other members at least as well as it treats the country that receives its most favorable treatment with regard to imports or exports.

Question

Quizplus · Accepted Answer

This concept is known as "Most-Favored-Nation treatment" and is one of the core principles of the WTO. It means that each member country must extend the same trade preferences to all other members, without discrimination or preference for certain countries.

Each Member of the World Trade Organization Is Obligated to Treat