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WTO's Most-Favored Nation (MFN) Principle and North-South Trade

Author

Listed:
  • Ahn, Hyungdo

    (Korea Institute for International Economic Policy)

Abstract

According to the Most Favored Nation Treatment of WTO, each contracting party should equally treat all the commodity and service of other parties during the international trade which means that discrimination between parties should be forbidden. On the basis of the treaty established in December 1991 between North & South Korea named, trade between North & South Korea is regarded as internal trade and is duty free. But this treaty was settled without the global agreement so other trade partners raised objection about this. This paper mainly focuses on establishing free trade agreement between North & South Korea, so that flexible project can be made for WTO rules and trade in North & South Korea to be more harmonious.

Suggested Citation

  • Ahn, Hyungdo, 1998. "WTO's Most-Favored Nation (MFN) Principle and North-South Trade," East Asian Economic Review, Korea Institute for International Economic Policy, vol. 2(1), pages 193-223, March.
    • Handle: RePEc:ris:eaerev:0313
    DOI: 10.11644/KIEP.JEAI.1998.2.1.13
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    Keywords

    WTO; Most-Favored Nation Treatment; South Korea; North Korea;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration

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