What is the meaning and the po

Most favoured nation meaningArticle 1 of general agreement of tariff and trade GATT 1994requires every World Trade organisation member country to Accordmost favoured nation status to all other member countries.althoughit sounds as most favoured nation offers preferential treatment itonly insures non-discriminatory trade.it make sure that any countryreceiving most favoured nation status avoids any disadvantagesituation in comparison to the The granddaughters other tradepartners.

In today’s scenario most favoured nation clause in effect todayfor USA. Many time we can see that USA has trade deficit with manycountries because of the title he gave to to the the Nations ofmost favoured nation. Because of trade deficit us economy ishampered. But according to me e it’s useful for us economy to giveclass of most favoured nation to other Nations because of that USAalso so reply there finish good in that particular countries. Todaycountries like China is is bich competitor for USA. With the helpof most favoured nation clause USA attract many countries as afriend country e for trade of goods and services in that countryand that helps to boost economy of United State of America. Countryalso showing there reliability to USA because many time USA atempered with bread officiate but steel USA stand with thatcountries for helping their economy and because of that country ispurchase from USA. And that could help us economy also.

Role of WTO in regards of most favoured nation clause:-WTO role about most favoured nation clause as under:-A. Trade without discrimination most favoured nation treating otherpeople equally.

B. National treatment trading foreigners and local equally

C. Free trade gradually through negotiations

D. Practicability through binding and transparency

E. Encouraging development and economic reform.

Deedar de WTO role about most favoured nation clause to othercountries.