The World Trade Organization favoured nation provision requires countries to provide any privileges or concessions granted to one nation to all other WTO countries.Countries can only deviate from this rule when negotiating free trade agreements that cover all of trade, Chad Bown, a senior fellow at the Peterson Institute for International Economics, said.is a question of what all trade means, Bown said. It 99 per cent? Is it 90 per cent? It never been fully articulated. Media reports on the US Japan deal suggest it is limited he added, and would hardly qualify as covering all trade.
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