2017 · Q101
The Most Favoured Nation (MFN) Clause under WTO regime is based on the, principle of
General KnowledgeIndian Economy
- ANon-discrimination between nations
- Bdiscrimination between nations
- Cdifferential treatment between locals and foreigners
- Duniform tariff across commodities
Explanation
The MFN clause (GATT Article I) requires any trade favour granted to one nation to be extended to all — the principle of non-discrimination between nations. Hence A.