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The most important Brexit detail you’ve never heard of

The “Most Favoured Nation” rule makes Britain’s exit from the EU a dangerous endeavor

By Ian Dunt  

Roberto Azevêdo, Director-General of the World Trade Organisation. The WTO's "Most Favoured Nation Rules" have implications for British trade post-Brexit. Photo: WTO

Whenever they imagine life outside the European Union, Brexiters often speak dreamily about the Most Favoured Nation rule. It sounds privileged and gold-plated, like an executive lounge at the airport. In reality, it is nothing of the sort.

This is what it really means and why it makes Brexit such a dangerous endeavour.

Most Favoured Nation is a World Trade Organisation rule that says that you cannot discriminate in…

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