Trade for Prelims

What is National treatment? It means treating foreigners and locals equally. Imported and locally-produced goods should be treated equally, at least after […]

What is MFN Status? World Trade Organization (WTO) members commit to treat other members equally so they can all benefit from each other’s

What is Permanent Normal Trade Relations (PNTR)? The status of Permanent Normal Trade Relations (PNTR) is a legal designation in the United States

Free Trade Agreement (FTA) FTA is an arrangement between two or more countries to reduce trade barriers in imports and