what do you under stand about MNF and NT?

Expert Solution

Here I am going to describe about what is MNF and NT.

MNF stand for the most favoured nation. Most favoured nation states that there should be equal treatment with every nation who is working in the WTO. Doesn't shows in nondiscriminatory work in the the WTO globally. which can be explained by the following example as if WTO decreases the tariff by 10% then with accordingly most favoured nation all the members of most favoured nation would have a privilege of decrement in the tariff by 10%. Main motive of most favoured nation is to impose the non discriminatory trade in the world trade organisation globally and to make sure that no country or no member of the WTO for the most favoured nation experience any kind of discrimination under any circumstance.

NT stands for the national treatment. this is a principal that comes under the international law. This ensures the equal and fair treatment to every country whose working globally in the World Trade organisation. The sun shows the advantages to all the the countries of the individuals working globally in under the World Trade organisation.

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keosha answered 8 months ago

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