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Most Favored Nation

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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.
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The two countries grant each other the most favored nation status with the agreement which would allow free transit passages through borders and the removal of tariff and non-tariff trade barriers," Tuzmen told the AA.
(GEN) TRADE AGREEMENT SIGNED WITH IRAQ, TURKISH MINISTER SAYS by Anadolu (Eskisehir, Turkey)
It covers the macroeconomic contexts, including a preliminary analysis of current account imbalances, trade trends, patterns in labor competitiveness, including results of global production sharing networks, integration, including accession to World Trade Organization and most favored nation tariff rates, services as an engine of growth, including trade in specific service sectors, and private investment, including key problems such as human development and quality of telecommunications.
Western Balkan integration and the EU; an agenda for trade and growth by Reference & Research Book News
Armenia - which was welcomed into the World Trade Organization in February - still has only temporary trade status with the United States and has not been granted Most Favored Nation status - an omission that hinders its ability to do business here, officials said.
PERMANENT TRADE STATUS FOR ARMENIA BACKED by Daily News (Los Angeles, CA)
 
 
 
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