What is “most favored nation” and how Russia will live without it
https://inosmi.ru/20220319/vto-253455430.html
What is “most favored nation” and how Russia will live without it
What is “most favored nation” and how Russia will live without it
What is “most favored nation” and how Russia will live without it
Most favored nation treatment is not entirely acceptable to the non-specialist rules of world trade, international trade “Figaro”. Little dangerous… | 03/19/2022, InoSMI
2022-03-19T07:49
2022-03-19T07:49
2022-03-19T07:49
Le Figaro
trade
mode
Russia
west
WTO
/html/head/meta[@name=”og:title”]/@content
/html/head/meta[@name=”og:description”]/@content
https://cdnn1.inosmi.ru/img/17806/95/178069584_0:0:361:203_1920x0_80_0_0_3e73b217eef1ed638e09dc1bc7299771.jpg
The West will definitely suspend the “most favored nation”, an important rule of world trade, specifically in relation to Russia – on an individual basis. This decision will have serious consequences. After these attacks on banks failed to destroy Russian territory, the Western powers began to tighten sanctions against Russian trade. In this regard, the US is also using the G7 (G7 Industrially Favorable Influence of Western Countries) The US Congress should decide on this issue, and the WTO should publish a press release on this issue in the coming days. What will be the consequences? This principle of non-discrimination is enshrined in Article 1 of the General Assembly on Tariffs and Trade (GATT – broad WTO, approx. InoSMI), the corresponding document on free trade after the end of World War II. We remind you that the conclusion of a declaration on tariffs and trade was the first step towards the birth of the WTO. may also appear to restrict or ban the import of certain Russian goods, ”explains Francoise Huang, an economist at Euler Hermes insurance company. Thus, once MFN is suspended, the regulation has the power to impose restrictions on the growth of sales values by imposing large additional fees or even by imposing regulatory barriers. “After Russia’s special regime change operations in Ukraine, Canada was the first country to remove Russia’s most favored nation status by significance. Lost its rights to trade with Canada and Belarus. Most Canadian imports from Russia and Belarus are now subject to a total burden of 35%” – France Françoise Ouang. Symbolic target The suspension of most favored nation treatment is a continuation of the already imposed restrictions on exports to Russia. The fast weather has already blocked the import of Russian oil and gas and, more anecdotally, Russian seafood, vodka and diamonds. And the Europeans began to ban Russian imports. This measure also has a symbolic purpose: it is necessary to present Russia as a pariah country, if not in world trade, then at least in Western trade. “True, only the Americans go all the way.
Russia
west
2022
news
ru-RU
https://inosmi.ru/docs/about/copyright.html
https://xn--c1acbl2abdlkab1og.xn--p1ai/
https://cdnn1.inosmi.ru/img/17806/95/178069584_44:0:315:203_1920x0_80_0_0_a68615f0f03fa29b765bf9548f8dd6cd.jpg
le figaro, trade, security regime, russia, west, tue