The tiny island nation of Seychelles joined the World Trade Organization (WTO) in April 2015. Upon...
The tiny island nation of Seychelles joined the World Trade Organization (WTO) in April 2015. Upon being admitted to the WTO, member nations may have had to change their treatment of imports from and exports to the Seychelles to treat that nation as well as any other member nation. This is called:
a. best treatment status.
b. friendly neighbor trader status.
c. normal trade relations status.
d. most friendly commercial status.
Homework Answers
ANSWER:
The correct answer is option c that is normal trade relations status as this is the definition of normal trade relation as per the world trade organisation under which nations have to follow the rules for trade between the member countries.
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