Discuss trading principles under the WTO.

Trading principles under the World Trade Organization (WTO) form the cornerstone of international trade relations, aiming to foster fair, predictable, and mutually beneficial trade among member nations. These principles are enshrined in various agreements and frameworks, including the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS Agreement), which addresses patents protection within the global trading system.

1. Non-Discrimination (Most-Favored-Nation and National Treatment):
    - Most-Favored-Nation (MFN) principle ensures that each WTO member extends to all other members the same favorable trade terms granted to any one member. This prevents discrimination among trading partners and promotes a level playing field.
    - National Treatment principle mandates that foreign goods and services be treated no less favorably than domestic ones. This ensures that imported and locally-produced goods are treated equally once they enter the ____ ___ ____ ________ _____ _________ ____ __________ __________.
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