Question

True or False: The most favored nation principle has been a bedrock of international trade negotioations....

True or False:

The most favored nation principle has been a bedrock of international trade negotioations. The principle holds that any preferential trading agreement reached with one country should be extended to other countries

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Answer #1

ANSWER:

True

Explanation:

World trade organization (WTO) has mention several principle in international trade and this principle is founding of multilateral trading system.a prefential trading agreement regarding textile, banking, telecomunication, agriculture while reached to one country , then it should be extended to other countries also.there fore, there will be created a good chain in trading system and and preferential agreement can helps to develop other countries also .

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