2. Consider the following statements about Most-favoured-nation (MFN) principle.
1. MFN means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
2. Countries cannot set up a free trade agreement that applies only to goods traded within the group.
3. Countries can give developing countries special access to their markets.
Which of the above statements is/are correct?
- A) 1,2
- B) 2,3
- C) 1,3
- D) 1,2,3