3453EconomicsMedium
All of the following are fundamental to the World Trade Organization except?
Abilateral tariff reductions to promote trade liberalization
Bthe prohibition of import quotas and export quotas
Cthe use of the most-favored nation clause (normal trade relations)
Dnondiscrimination in trading relationships
Correct answer
A. bilateral tariff reductions to promote trade liberalization
Explanation
The correct answer is bilateral tariff reductions to promote trade liberalization.