Economics · International Trade Organizations
The 'Most Favoured Nation' (MFN) clause in international trade means:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Developing nations must grant free trade access to developed nations.
- 2A specific list of favored nations receives permanent tariff-free status.
- 3Trade advantages granted by one WTO member to another must be extended to all other WTO members.✓
- 4Certain nations should be given exclusive economic favors over others.
Correct answer
Trade advantages granted by one WTO member to another must be extended to all other WTO members.
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