MFN Clause: MFN stands for most favoured nation principle. Under this clause, if a country provides tariff concessions to one member of GATT (now WTO), then automatically such concessions are applicable to all other member countries.
FYBMS, SYBMS, TYBMS and beyond BMS
MFN Clause: MFN stands for most favoured nation principle. Under this clause, if a country provides tariff concessions to one member of GATT (now WTO), then automatically such concessions are applicable to all other member countries.
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