India has withdrawn the Most Favoured Nation status from which nation?
A. Iraq
B. Pakistan
C. China
D. Sri Lanka
Answer:A
India has withdrawn the Most Favoured Nation status from which nation?
A. Iraq B. Pakistan C. China D. Sri Lanka
Explanation: India on February 15, 2019 withdrew the ‘Most-Favoured Nation’ status accorded to Pakistan following the Pulwama terror attack in Jammu and Kashmir that led to the killing of 37 CRPF personnel and injuring of many others. One day after the Pulwama terror attack on 14th February, 2019, India has taken a stern step of withdrawing the Most Favoured Nation or MFN Status of Pakistan. This move would enable India to increase customs duty on goods coming from Pakistan. The decision was taken in the meeting of the Cabinet Committee on Security (CCS) that took place on 15th February 2019. The MFN status is given under WTO’s General Agreement on Tariffs and Trade (GATT). It is given to an international trade partner to ensure non-discriminatory trade amongst all the members of WTO.