Provisions of the GATT | International Trade | Economics

For the achievement of the principles and objectives of the GATT, the following provisions had been made: 1. The 'Most Favoured Nation' Clause 2. Quantitative Restrictions on Imports 3. Tariff Negotiations and Tariff Reduction 4. Subsidies and Counter-Veiling Duties 5. Complaints and Waivers 6. Settlement of Disputes. Provision # 1. The 'Most Favoured Nation' Clause: The most significant provision of [...]