All of the following are basic principles of GATT except:
A) commitment to normal trade relations.
B) elimination of import quotas.
C) non-reciprocal tariff increases.
D) non-discrimination against imported goods.

Question

Quizplus · Accepted Answer

The principle of non-reciprocal tariff increases is not a basic principle of GATT, as GATT is based on the principle of reciprocity in trade negotiations.

All of the Following Are Basic Principles of GATT Except