What is Most Favoured Nation in World Trade Organization? MFN in International Trade Law | WTO

What is Most Favoured Nation in World Trade Organization? | MFN in International Trade Law | WTO
#MFN #MostFavouredNation #WTO #MuslimsPlatform #MuslimPlatform #MuslimsPK
🔹 What is Most Favoured Nation?
Most Favored Nation (MFN) is a principle in international trade that requires a country to treat all of its trading partners (Nations) equally by offering them the same trade advantages and preferences. This means that if a country grants a particular concession, such as lower tariffs or favorable trade terms, to one of its trading partners, it must extend the same concession to all other WTO (World Trade Organization) member countries. MFN status promotes fairness and non-discrimination in international trade agreements.
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