What Is the "Most-Favored-Nation" Norm

question 22

Multiple Choice

What is the "most-favored-nation" norm?

• A) The requirement that countries treat each other equally in trade relations.
• B) The provision of lower tariffs to countries in the developing world.
• C) The rule that allows neighboring countries to provide each other with especially low tariffs.
• D) The rule governing trade within the European Union.

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Definitions:

Transportation of Dangerous Goods Act

Legislation that regulates the handling, transporting, and storage of hazardous materials to ensure public safety.

Hazardous Products Regulations

Regulations that govern the handling, labeling, and disposal of products classified as dangerous or hazardous to health and safety.

GHS

The Globally Harmonized System of Classification and Labelling of Chemicals, a standardized approach to identifying and communicating chemical hazards.

Classification

The systematic arrangement of items, people, or information into categories based on shared characteristics or criteria.