WTO Final Project
The WTO agreements provide for MFN treatment with an intention of multilateralizing as well as liberalizing trade via the enhancement and promotion of service and trade equality between the World Trade Organization (WTO) member states. To be more specific, the MFN principle means that “under the WTO agreements, countries cannot normally discriminate between their trading partners” (WTO, 2019). Thus, as WTO further suggests, no special favors should be advanced to anyone that are not accessible to other WTO members. The said favors in this case could include, but they are not limited to, lower customs duty rate for certain products. It should, however, be noted that the intention highlighted above no longer appears operational due to, in part, the incorporation of factors that conflict with the original purpose of the provision of the MFN treatment in WTO agreements. It is important to note that the burden of The Sutherland Report’s Chapter II “is the erosion of the unconditional most-favored-nation (MFN) principle and the resulting grief to the world trading system” (McKinney and Gardner, 2008, p. 215). Towards this end, it would be prudent to assess assertions voiced in the said chapter.
In essence, under GATT, the MFN treatment has in some quarters been deemed a critical step towards services and trade discrimination. This is more so the case given that the MFN treatment obligation effectively discourages countries from engaging...
References
Addo, K. (2014). Core Labor Standards and International Trade: Lessons from the Regional Context. New York, NY: Springer.
Closa, C., Casini, L. & Sender, O. (2016). Comparative Regional Integration: Governance and Legal Models. Cambridge: Cambridge University Press.
Cohn, T.H. (2008). Global Political Economy: Theory and Practice. Belmont, CA: Pearson Longman.
McKinney, J.A. & Gardner, H.S. (Eds.). (2008). Economic Integration in the Americas. New York, NY: Routledge.
Trost, F. (2008). Reconciling Trade Agreements with the Most Favored nation Principle in WTO-GATT. MqBJL, 5, 43-72.
World Trade Organization - WTO (2019). Principles of the Trading System. Retrieved from https://www.wto.org/english/thewto_e/whatis_e/tif_e/fact2_e.htm
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