Final answer:
Most trade agreements do require extending most favored nation status among signatory countries to ensure equal trade privileges, supporting the concept of free trade as seen in NAFTA and the USCMA.
Step-by-step explanation:
True, most trade agreements necessitate that signatory countries accord most favored nation status to each other, ensuring that trade privileges extended to one country are extended to all others within the agreement. This concept is a fundamental element in the pursuit of free trade, allowing trade to occur with the least possible restrictions and barriers. Prominent trade deals like the North American Free Trade Agreement (NAFTA), its successor, the United States-Canada-Mexico Agreement (USCMA), and others, typically follow this principle to create a level playing field among member countries and stimulate trade flow.
Most trade agreements require countries to extend 'most favored nation status' to all other countries that are parties to the agreement. This means that any trade benefits given to one country must also be given to all other countries in the agreement. Therefore, the statement is true.