Which of the following is NOT a core principle of the World Trade Organization?

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Reducing tariffs through bilateral agreements to encourage trade opennessApplying the most-favored-nation principle (equal trade treatment)Ensuring non-discriminatory trade practices among membersBanning both import and export quotas

Explanation

The WTO emphasizes multilateral tariff reductions rather than bilateral agreements to advance trade liberalization. Key principles include the most-favored-nation clause, nondiscrimination among trading partners, and the elimination of import and export quotas.