Should Unconditional MFN Be Revived, Retired or Recast?

Gary Hufbauer

Chapter 3 in Issues in World Trade Policy, 1986, pp 32-57 from Palgrave Macmillan

Abstract: Abstract The GATT was negotiated in the late 1940s against a backdrop of preferential trade arrangements and highly protective trade barriers — offspring of the Great Depression.1 A major aim of the GATT was to set the institutional stage for international trade liberalisation. To that end US negotiators insisted on a strong statement of the unconditional MFN (most-favoured-nation) principle. During GATT drafting sessions, US negotiators characterised the MFN principle as ‘absolutely fundamental’ (quoted in Jackson, 1969, p. 252).

Keywords: Trade Liberalisation; Bilateral Trade; Tariff Rate; Commercial Policy; Multilateral Trade (search for similar items in EconPapers)
Date: 1986
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DOI: 10.1007/978-1-349-08636-8_3

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