As a delegate to the World Trade Organization, Kate stated during negotiations that the same rules and regulations that applied

Question

3 years ago

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As a delegate to the World Trade Organization, Kate stated during negotiations that the same rules and regulations that applied

to another country's domestic firms must also be applied to her country's firms operating in that country. Kate was invoking the (T2)

Business

1 answer:

Morgarella [4.7K] · Answer 1 · 2022-01-31T16:38:09+03:00

Answer:

Principle of National Treatment

Explanation:

The World Trade Organization (WTO) established the principle of national treatment in order for the member states to treat foreign products equally to domestic products. This means that any legally imported good should receive the same legal treatment as domestically produced goods, e.g. they have to be taxed the same way.