Well I'm a bit confused. If any benefit extended to MFN country has to be extended to all other WTO members, then what's the point of giving a MFN status in the first place? Why not directly give the benefit to all WTO members at once? Isn't MFN a misnomer of sorts?
Well explained, thank you. I'd like to know more about exceptions to the MFN principle, specifically with regards to agriculture. Where can I find these?
+Zain Shaikhzadeh Hi Zain, you can learn more about MFN by following these courses on WTO ECAMPUS: Legal Underpinning and Agriculture and the WTO. To register visit our catalogue: ecampus.wto.org/search.asp?lang=En
It seems that the MFN principle would preclude any bilateral trade agreement which does not effectively establish a mini free-trade zone between two nations, otherwise its benefits would automatically be conferred to all other WTO member nations. This is hardly reality. So is the MFN principle largely impotent and unenforced?
There are certain exceptions to the MFN rule - a) Preferential trade agreements (if you want to favour a trading partner then - you have to go all the way and bring the tariff down, all the way to zero), b) Trade Remedy Measures, c) allowing developed countries to provide market access to developing countries.
@@Adam-sw2qc There are certain exceptions to the MFN rule - a) Preferential trade agreements (if you want to favour a trading partner then - you have to go all the way and bring the tariff down, all the way to zero), b) Trade Remedy Measures, c) allowing developed countries to provide market access to developing countries.
great use of examples to apply the basic MFN notions to hypothetical situations
Thank you!
Well I'm a bit confused. If any benefit extended to MFN country has to be extended to all other WTO members, then what's the point of giving a MFN status in the first place? Why not directly give the benefit to all WTO members at once? Isn't MFN a misnomer of sorts?
yes, it is. It would be easier if It was termed "No-favouritism". All members have to be treated equally.
Countries hv different levels of development in WTO so they set there rules accordingly
Well explained, thank you. I'd like to know more about exceptions to the MFN principle, specifically with regards to agriculture. Where can I find these?
+Zain Shaikhzadeh
Hi Zain, you can learn more about MFN by following these courses on WTO ECAMPUS:
Legal Underpinning and Agriculture and the WTO.
To register visit our catalogue: ecampus.wto.org/search.asp?lang=En
How would developing countries fare in trade negotiations and disputes without the WTO?
Thank you for the explanation madam!
Great explanation! i will see if i can follow the entire ecourse
Thank you. You can check our online courses on ecampus.wto.org.
Understood well. Thanks
Perfect ❤
Thank you!
It seems that the MFN principle would preclude any bilateral trade agreement which does not effectively establish a mini free-trade zone between two nations, otherwise its benefits would automatically be conferred to all other WTO member nations. This is hardly reality. So is the MFN principle largely impotent and unenforced?
Dear Monty. thank you for your comment. I will forward your question to our expert and post the answer here.
@@WTOE-LEARNING Have you got the answer? Thanks in advance
There are certain exceptions to the MFN rule - a) Preferential trade agreements (if you want to favour a trading partner then - you have to go all the way and bring the tariff down, all the way to zero), b) Trade Remedy Measures, c) allowing developed countries to provide market access to developing countries.
@@Adam-sw2qc There are certain exceptions to the MFN rule - a) Preferential trade agreements (if you want to favour a trading partner then - you have to go all the way and bring the tariff down, all the way to zero), b) Trade Remedy Measures, c) allowing developed countries to provide market access to developing countries.
Kuphal Greens
McGlynn Islands
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