POLI 441 Study Guide - Final Guide: De Facto, De Jure, Preferential Trading Area
22 Apr 2016
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Most favoured nation (mfn): non-discrimination by importers across different foreign export sources : true of negotiations, renegotiations, & settlements, exceptions: ptas and gsp. Manger: ptas (preferential trade agreements. ) second best solution to multilateral and unilateral liberalization according to economists although they are divided on weather they create much trade. National treatment: once the price of entry into a national market has been paid, a good must be treated as a like-national product (no unequal taxes, subsidies, or regulations) National treatment: article 3 internal taxes and other internal charges should not be applied to imported or domestic products so as to afford protection to domestic production . Enforcement however, is decentralized: the wto does not tell anyone what to do (contrast to the other bretton woods institutions) As a location for trade negotiation, the wto is dead . Negotiations may be dead but dispute settlement is very much alive and empowered .
