A country grants a trading partner special terms under multilateral trade. What is this status called?
AMost Favoured Nation
BSpecial Economic Zone
CFree Port status
DRegional Trade Bloc
Answer & Solution
Correct answer: A. Most Favoured Nation
1. Multilateral trade is with many countries.
2. Partners may get Most Favoured Nation status.
3. It is abbreviated MFN.
_Source: syllabus Geography, Fundamentals of Human Geography, Chapter 9, International Trade._
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