The WTO’s most-favored-nation principle provides for equal treatment of goods and services from all member countries. This principle of nondiscrimination, however, is subject to certain exceptions:
A. Unfair imports
- Actions taken against dumping (selling at an unfairly low price)
- Subsidies and special “countervailing” duties to offset the subsidies
B. Fairly traded imports
- Emergency measures to limit imports temporarily, designed to “safeguard” domestic industries.
Source: Seyoum Belay (2014), Export-import theory, practices, and procedures, Routledge; 3rd edition.
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