Preferential trade agreement (background)

[@damndons]

Thank you for the simple explanation!

[@naziazaman40]

But what if the US raises a tariff to 10% which is still below its bound rate. Does it still owe compensation to the other WTO members?

[@momoore1957]

WTO rules require most-favored-nation treatment. Even if below bound tariffs, deviating from MFN requires compensation in principle

[@uaamabianca724]

I have learned so much from you. thank you so much.

[@atanasvangelov9006]

Nicely Explained !! Thanks

[@rabiaaminudahiru5370]

Please what happens if there is a breach of a PTA agreement and what can member do.

[@jlortizdk]

Thank you :)