Most Favored Nation

(redirected from MFN)
Also found in: Dictionary, Acronyms, Wikipedia.

Most Favored Nation

A privilege granted by one country to another whereby the products of the privileged country pay the lowest delivered duty paid charged by the granting country.

Most Favored Nation

A status in which a country assesses the lowest possible tariffs that it can assess on another country. For example, if a country's lowest tariff is a certain percentage of the value of a good, it charges this percentage on an import from a country with most favored nation status. Members of the World Trade Organization are required to extend Most Favored Nation status to other members, though exceptions exist. In the United States, most favored nation status is formally called permanent normal trade relations.
References in periodicals archive ?
She said India granted Pakistan MFN status in 1996 but continued to impose high tariffs on goods of interest to Pakistan resulting in delay by Pakistan.
Congressional rejection of the MFN status ''would have a serious negative impact'' on bilateral commercial and political ties, Daley said.
Our relationship with MFN will help us to speed exciting next generation network solutions to our customers," said Frederic V.
But economic historians and other trade analysts say that revoking MFN will not make Chinese leaders end their atrocities.
If Clinton were to follow the spirit of his directive, it seemed he would have little choice but to revoke MFN status.
MFN renewal for China is opposed by an ideologically diverse group, including critics who say that engagement has not improved Beijing's performance on human rights, trade, abortion and nuclear proliferation.
In summary, the financial services chapter of the NAFTA incorporates the principles of MFN and national treatment that have long been applied in the United States with respect to foreign investment.
The surprising move from the Nawaz government came at the recent trade talks with India by offering New Delhi the MFN status, but with a condition.
Ciena worked with its BizConnect partner Adcomtec to provide a core network infrastructure that allows MFN to quickly, efficiently, and cost-effectively deploy its MetroCONNECTTM Carrier Ethernet services to its growing customer base of services providers and enterprises in South Africa.
According to a private television channel report, the process of granting MFN status to India was underway and a clause was also included in the trade policy in this regard that was suspended in the final phase.
In its mission is to contribute to the industry's development, the MFN has endorsed the CMEF statement on governance in order to promote the best practices recommended in the document.
This agreement with MFN links their carrier-neutral backbone in the streets to our carrier-neutral on-ramp in our buildings," said Bill Rudin president of Rudin Management Company.