All of the following are fundamental to the World Trade Organization except ?
Correct answer: A. bilateral tariff reductions to promote trade liberalization
- A. bilateral tariff reductions to promote trade liberalization
- B. the use of the most-favored nation clause (normal trade relations)
- C. nondiscrimination in trading relationships
- D. the prohibition of import quotas and export quotas
Explanation
The WTO is built on multilateral, not merely bilateral, trade negotiations and nondiscrimination through most-favored-nation treatment. Therefore, bilateral tariff reductions are not a fundamental WTO principle, making option a the exception.
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