Which of the following statements is/are correct about Most Favored Nation (MFN) status? 1. Every WTO member nation usually grants MFN status to all other members, in effect promising that everyone will receive equitable treatment from it. 2. The primary condition under MFN is that a country must charge the same tariff rate on imports irrespective of their origin. Select the correct answer using the codes given below: - Study24x7
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Which of the following statements is/are correct about Most Favored Nation (MFN) status? 1. Every WTO member nation usually grants MFN status to all other members, in effect promising that everyone will receive equitable treatment from it. 2. The primary condition under MFN is...

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A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

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