Standards of treatment
Standards of treatment: the quality of treatment afforded by parties to trade and investment agreements to goods, services, investors and investments from the other parties. Agreements usually provide for most- favoured-nation treatment or MFN (non-discrimination between foreign suppliers of goods and services, investors and their investments, as the case may be). Many agreements also provide for national treatment (non-discrimination between imported and domestic goods and services, or between foreign and domestic investors and their investments). Both of these standards are variable between countries. One country, for example, may have high agricultural tariffs. Another may have rather low ones. Yet each applies its own standard to all foreign suppliers and their products under the MFN principle. In the case of national treatment, one country may insist on strict product standards in some manufactures, but another may be more flexible. Neither breaches its legal obligations by insisting on its own standards as long as they do not discriminate against imported products. A standard of treatment different to MFN and national treatment is the minimum standard of treatment contained in NAFTA Chapter 11. According to Article 1105 “each party shall accord to investments of investors of another party treatment in accordance with international law . .
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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