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The three basic principles are:
i) Non-discrimination - each member country must treat the trade of all other member
countries equally
ii) Open markets which are encouraged by GATT through a prohibition of all forms of
protection except customs tariffs, and
iii) Fair trade which prohibits export subsidies on manufactured products and limits the use of
export subsidies on primary products.
Titany answered the question on November 25, 2021 at 11:44
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