Most Favored Nation

(redirected from Most Favored Nation Status)
Also found in: Acronyms.

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 ?
Finance Minister Ishaq Dar told a private television channel this week that granting most favored nation status to India is currently not on the agenda.
At a time when renewal of China's Most Favored Nation status, and its application into the World Trade Organization are being weighed against political issues in the media and on Capitol Hill, China's efforts to secure a stronger relationship with U.
There is growing support to extend Most Favored Nation status on a more permanent basis.
We should start by granting China permanent and unconditional Most Favored Nation status.
trade policies -- such as NAFTA, GATT and most favored nation status for China -- that have led to a downward spiraling standard of living for American workers and their families.
We applaud the Clinton Administration's decision to extend most favored nation status to China.
Although Mattel's entry into China may not add significant revenue in the short term, the granting of China's Most Favored Nation status enables Mattel to maintain a comparative advantage in low-cost labor.
Davids said he was very pleased with President Clinton's recommendation to continue China's most favored nation status.
NEW YORK, May 26 /PRNewswire/ -- "The Securities Industry Association is extremely pleased President Clinton has opted to renew Most Favored Nation status to China," Marc E.
Factors influencing market sentiment included uncertainty over the Chinese economy, its government's progress in preserving social stability through reforms, and China's most favored nation status.
We are actively working for the unconditional renewal of Most Favored Nation status for China so that there can be expanded and closer cooperation between China and the United States," he said.
This highlights the importance to Boeing of maintaining favorable trade relations with Japan and Most Favored Nation status for China," he said.

Full browser ?