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.
The meeting was held against the backdrop of Pakistan's recent announcement of granting most favored nation status to India and the return of an Indian army helicopter that strayed into its airspace, PTI said.
Congress revokes the most favored nation status of China, it could be damaging to U.
The difficulty involved in getting people to support Bill Clinton is that he spent an enormous amount of capital pushing for NAFTA and GATT and Most Favored Nation status for China," explains Sanders.
If our silly Congressmen put through a revocation of China's Most Favored Nation status, it will upset the present friendly feeling that Chinese businessmen seem to have towards their American counterparts.
He stressed that he had also voted against most favored nation status for China every year since joining the House in 1993.
With the Senate's approval of the Finance Committee's ruling to grant China most favored nation status, Advanced Technology should enjoy even greater opportunities in the U.
I have voted for most favored nation status for China, but I can't support permanent status,'' said Sherman, the Woodland Hills Democrat.

Full browser ?