Yanai, Akiko - Institute of Developing Economies, Japan External Trade … - 2009
incorporated into the GATT/WTO legal framework so as to permit the derogation of most-favored-nation (MFN) obligations. … countries, which are known as North-South RTAs. Under the current legal system of the WTO, North-South RTAs are governed by … Article XXIV of the GATT or Article V of the GATS, which means such RTAs must be reciprocal and must cover substantially all …