AILET 2019 BA LLB Question Paper with answer key for online practice
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Question : 44 of 150
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Which of the following is/are true about concept of Most Favored Nation (MFN) ?
I. It establishes the sovereign equality of states with respect to trading policy.
II. There are two forms of MFN treatment: conditional and unconditional.
III. Such treatment has always applied primarily to the duties charged on imports.
IV. Custom unions and free trade areas are exceptions to MFN principle.
I. It establishes the sovereign equality of states with respect to trading policy.
II. There are two forms of MFN treatment: conditional and unconditional.
III. Such treatment has always applied primarily to the duties charged on imports.
IV. Custom unions and free trade areas are exceptions to MFN principle.
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