The General Agreement on Tariffs and Trade

Order Description The General Agreement on Tariffs and Trade (GATT) is part of the wider post-Second World War effort to establish key multilateral institutions that would contribute to more harmonious relations across nations. GATT outlaws quotas. Tariffs, in turn, will be negotiated, bound, applied on a non-discriminatory basis, and, eventually, reduced in the context of trade liberalising rounds. Prepare a short report on the two main principles of non-discrimination in World Trade Organisation (WTO) law: the most-favoured-nation (MFN) treatment obligation and the national treatment obligation.