Tag: mfn
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Brexit and those trade deals
In a previous post “Brexit can make us richer” I discussed the free-trade approach to ensuring economic success for all after Brexit. A friend asked about whether the UK could be subject to discriminatory tariffs. To cut a long story short the founding principle of the WTO is “Trade without discrimination“. 1. Most-favoured-nation (MFN): treating…
Dr James Bayley 