The most favored nation's principle is a status of international trade given by a nation to another nation, with the recipient country never receiving less favorable conditions than any other country that maintains the status-giving nation relations. It is one of the basic principles of the WTO. Their members are obliged to treat all fellow members in the same way. Therefore, who benefits another member is automatically required to do the other countries. History
In the early period of international trade, this status was given mainly in bilateral relations rather than multilateral scale. For example, the United States received this status from Britain in 1794. During the colonial period, this status was usually forced by Asian powers to Asian countries. A beautiful example is the Treaty of Nanking that came about after the First Opium War. Through this treaty, the British had access to many Chinese ports and the trading rates were fixed by consultation between the two parties. After the Second World War, this principle was used primarily multilaterally by establishing the GATT, which became the World Trade Organization (WTO) in 1994.
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