Part IV Trade and … The New Agenda and Linkage Issues, Ch.23 Trade And Competition Policy
Mitsuo Matsushita
From: The Oxford Handbook of International Trade Law
Edited By: Daniel Bethlehem, Donald McRae, Rodney Neufeld, Isabelle Van Damme
- Subject(s):
- Most-favoured-nation treatment (MFN) — Anti-dumping
Although the WTO contains diverse principles, the basic tone of the WTO is one of free trade and the market principle in international trade. It is based on the conviction that trade unfettered by government restrictions in trade and investment contributes to the maximization of economic welfare of trading nations. For this purpose, the WTO and the GATT 1947, its predecessor, have engaged in trade negotiations with the purport of reducing and eliminating tariffs and trade barriers. Another important cornerstone of the WTO is non-discrimination, for example,...
