world_organizations medium True/False

The WTO's principle of 'Most-Favoured-Nation' (MFN) treatment requires members to extend the same favorable trading terms granted to one member to all other WTO members.

  1. True
  2. False

Answer: True

MFN is a cornerstone of WTO rules (Article I of GATT). It means that any advantage, favor, privilege, or immunity granted by a member to any product originating in or destined for any other country must be extended immediately and unconditionally to like products from all WTO members.

Topic World Trade Organization
Exam Relevance UPSC, Banking, SSC
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