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Concepts and Legal Structure

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Chapter Summary

This principle of reciprocity is an important principle of the structure of the world trade order. The principle of reciprocity which, by reason of these effects has considerably fostered the success of the world trade order, is the basis for the structures of the legal system of the world trade order in many respects. The fundamental principle of non-discrimination contains two elements: the principle of most-favoured-nation treatment, and the principle of national treatment. At the same time, most-favoured-nation treatment assures the simplification and clarity of the structure of obligations, without which the world trade order would lose its manageability and would be barely workable. Corresponding to the regulation's structure, the Members have considerable latitude. The exception is significant, first, in view of the structure of Art. Finally, the protectionist objective as expressed in design, architecture and revealing structure of the measure has been pointed to.

Keywords: liberalization of world trade; non-discrimination; world trade order; World Trade Organization (WTO)



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