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5 Mar 2025
A rules-based global trading system, with the World Trade Organization’s (WTO) most-favoured nation (MFN) principle at its core, provides the stability and predictability that businesses require for strategic planning, investment decisions, and day-to-day operations.
This paper explains:
What the most-favoured nation principle is in practical terms and common misconceptions
How the principle relates to reciprocal and retaliatory tariffs
How it impacts businesses and consumers
Its importance for business operations, whether or not the business exports goods
Its role in promoting equality and fairness in international trade
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