economics hard true/false

Under the WTO's 'National Treatment' principle, imported goods must be treated less favorably than domestically produced goods to protect local industries from foreign competition.

  1. True
  2. False

Answer: False

The National Treatment principle mandates the exact opposite: once foreign goods have cleared customs and entered the domestic market, they must be treated no less favorably than identical domestically produced goods. This means the government cannot impose internal taxes, regulations, or standards on imports that discriminate against them in favor of local products.

Topic International Economics - Trade
Exam Relevance UPSC Prelims, SSC CGL