Equal trading rights refers to a policy that guarantees all foreign powers the same privileges and opportunities in terms of trade with a specific country. It ensures that no nation receives preferential treatment over others.
Related terms
Open Door Policy: A policy that advocated for free trade in China and opposed any exclusive control by foreign powers.
Extraterritoriality: The right of foreigners to be governed by the laws of their own country while residing in another sovereign state.
Most-Favored-Nation Status: A principle where a country grants another nation the most favorable trading conditions it offers to any other country.