plz write at least half a page per questions thank you 3 Wha

plz write at least half a page per questions, thank you

3. What is the Most Favoured Nation (MFN) principle? Are trade blocs consistent with the MFN principle?e

Solution

3) Most Favoured Nation (MFN) principle is a part of WTO trade law which deals with treating developing countries in a more favored manner and treating others equally and not discriminating between other trading partners. No special favours were given to anyone, and if it was given it had to be also given to all other members. It bring equality to the trade sector.
No, trade blocs are not consistent with MFN as it states that a favor or policy given to a certain country should be also given to all other countries. Hence trade bloc is an exception. In trade blocs each country which is a member can import from other members freely and also can impose barriers of import.
Trade blocs are allowed by the WTO for developing countries and it must remove tarrifs.