Core Principles of International Trade Law: MFN, Dumping, and GATT
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Fundamental Non-Discrimination Principles in Trade Law
In international trade law, non-discrimination is a fundamental principle that ensures equal treatment of goods, services, and service suppliers from different countries. The two main principles of non-discrimination in international trade law are:
1. Most-Favored-Nation (MFN) Principle
- Definition: The MFN principle requires that a country treats goods, services, and service suppliers from one country no less favorably than it treats goods, services, and service suppliers from any other country.
- Purpose: To prevent discriminatory treatment and ensure that countries do not favor certain trading partners over others.
2. National Treatment Principle
- Definition: The national treatment principle requires