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