MFN Tariff

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MFN Tariff

A tariff applied to a country with most favored nation status. An MFN tariff is the lowest possible tariff a country can assess on another country. For example, if a country's lowest tariff is 2% of the value of a good, this is its MFN tariff, and 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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As a result of this unilateral move, Canada's average most favored nation tariff fell from 6.
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.
Some differences in the most favored nation tariffs of the NAFTA countries are quite large Product Canada United States Mexico Percent Chickens, uncut (fresh or chilled) 238.
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