The World Trade Organization (WTO) established five basic principles to govern international trade:
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Most-Favored-Nation (MFN) Treatment: Countries must treat all trading partners equally by not discriminating between them.
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National Treatment: Once goods enter a market, they should be treated no less favorably than domestically produced goods.
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Transparency: Countries are required to publish their trade regulations and practices to ensure clarity and predictability.
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Reciprocity: Nations should provide mutual concessions in trade agreements to foster cooperation.
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Development and Economic Reform: Special provisions should be made for developing countries to support their integration into the global trading system.
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