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Re: Britain outside the EU
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Originally Posted by Sephiroth
all that matters is goods from Britain to NI. Unfettered access without complicated stuff.
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Should the UK just ignore the WTO?
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Trade without discrimination
1. Most-favoured-nation (MFN): treating other people equally Under the WTO agreements, countries cannot normally discriminate between their trading partners. Grant someone a special favour (such as a lower customs duty rate for one of their products) and you have to do the same for all other WTO members.
This principle is known as most-favoured-nation (MFN) treatment (see box). It is so important that it is the first article of the General Agreement on Tariffs and Trade (GATT), which governs trade in goods.
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