chapter  1
69 Pages

Like Products

The World Trade Organization’s (WTO’s) principles of most-favoured nation (MFN) treatment and national treatment are the cornerstones of the international trade regime. Under the most-favoured nation principle, Members must extend any advantage granted to a product from one WTO Member to ‘like products’ from all other Members. Under the national treatment principle, internal taxes and regulations must treat imported products no less favourably than like domestic products. Similar non-discrimination rules also apply for trade in services.