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Old 23-06-2021, 21:52   #1512
Hugh
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Re: Britain outside the EU

Quote:
Originally Posted by Sephiroth View Post
all that matters is goods from Britain to NI. Unfettered access without complicated stuff.
Should the UK just ignore the WTO?
Quote:
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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