Which of the following is not a principle of WTO ?

The correct answer is - Discrimination

Key Points

• Discrimination
  • Discrimination is not a principle of the World Trade Organization (WTO).
  • The WTO promotes the opposite of discrimination, emphasizing principles such as non-discrimination to ensure fair treatment for all member countries.
  • The WTO agreements are designed to avoid any form of discrimination in international trade practices, ensuring a level playing field for all nations.

Additional Information

• Principles of the WTO
  • Free Trade: The WTO promotes the reduction of trade barriers such as tariffs and quotas to encourage the free flow of goods and services.
  • Non-Discrimination:
    • Includes two key components:
    • Most-Favored-Nation (MFN): Treating all trading partners equally.
    • National Treatment: Treating foreign and domestic products equally after the foreign goods enter the market.
  • Fair Competition: The WTO ensures fair and open competition among its members by adhering to agreed rules and commitments.
• Purpose of WTO
  • The WTO is an international organization aimed at regulating trade between nations by providing a framework for negotiating trade agreements and resolving disputes.
  • Its core mission is to ensure that trade flows as smoothly, predictably, and freely as possible.