Q. Which among the following is the guiding principle of the concept of most favoured nations?
Answer: non-discrimination among trading partners
Notes: The guiding principle of the Most Favoured Nation (MFN) concept is "non-discrimination among trading partners." This principle, established in international trade agreements, ensures that any favorable trading terms offered by one country to another must be extended to all other trading partners. This concept is a cornerstone of the World Trade Organization (WTO) framework, promoting equality and preventing trade discrimination. The MFN principle aims to create a level playing field in international trade, fostering global economic cooperation.