This is known as the MFN principle, and it was established to remove trade discrimination.
MFN means treating one’s trading partners equally on the principle of non-discrimination.
MFN means treating one’s trading partners equally on the principle of non-discrimination.
Some exceptions to the MFN principle were permitted, and Canada was a beneficiary of several of them.
The MFN principle ensures that each country treats its over-100 fellow-members equally.
When GATS came into force in 1995, members were allowed a once-only opportunity to take an exemption from the MFN principle of non-discrimination between a member’s trading partners.
The Quad introduced most of GATT’s reciprocal tariff cuts, which lowered rates among all GATT countries in accordance with the MFN principle.
By the time of the signature of the Final Act of the Uruguay Round, on 15 April 1994 in Marrakech, 95 Members had submitted schedules of specific commitments in services and 61 of them had submitted lists of exemptions from the MFN principle.
At the time of the signature of the Final Act of the Uruguay Round, on 15 April 1994, 95 schedules of specific commitments in services and 61 lists of derogations from the MFN principle had been submitted and agreed.
Requêtes fréquentes français :1-200, -1k, -2k, -3k, -4k, -5k, -7k, -10k, -20k, -40k, -100k, -200k, -500k, -1000k,
Requêtes fréquentes anglais :1-200, -1k, -2k, -3k, -4k, -5k, -7k, -10k, -20k, -40k, -100k, -200k, -500k, -1000k,
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