Most Favored Nation

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Related to Most favoured nation: National treatment

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 ?
FAISALABAD, March 05, 2012 (Balochistan Times): Chairman Pakistan Textile Exporters Association, Rana Arif Tauseef has hailed the governments decision of granting Most Favoured Nation (MFN) status to India.
Islamabad, Jan 4 ( ANI ): Pakistani authorities have reportedly directed the country's trade ministry to immediately implement the order about granting India the status of most favoured nation (MFN).
ISLAMABAD, February 05, 2012 (Frontier Star): Former Prime Minister of Azad Jammu and Kashmir Sardar Attique Ahmed Khan said on Saturday that India should not be granted the most favoured nation (MFN) status after peaceful solution of core Kashmir issue.
ISLAMABAD, January 18, 2012 (Balochistan Times): Pakistan is in the process of normalizing trade relations with India which will culminate in the grant of Most Favoured Nation (MFN) status to it, Minister of Commerce Makhdoom Amin Fahim said Tuesday.
The two countries were to discuss matters relating to granting the Most Favoured Nation (MFN) status to India.
LAHORE, November 26, 2011 (Balochistan Times): Istahkam-e-Pakistan Caravan was held on Friday from Azadi Chowk to Nasir Bagh against giving India the Most Favoured Nation (MFN) status.
Lahore, June 8 ( ANI ): The JuD-led Difa-e-Pakistan Council (DPC) has announced its schedule for countrywide protests against the possible restoration of NATO supplies, drone attacks and Most Favoured Nation status to India.
At two-day Commerce Secretary level talks, India will seek clarity on Pakistans decision to grant New Delhi Most Favoured Nation (MFN) status, official sources told Press Trust of India on Saturday.
She also clarified that the Pakistani cabinet has approved normalisation of trade relationship between the two countries via granting of the Most Favoured Nation status to India.
In the last few months, there had been protests across Pakistan for granting the Most Favoured Nation (MFN) status to India.
WASHINGTON, November 10, 2011 (Frontier Star): The US expressed hoped that the SAARC summit in Maldives will further help in advancing the relationship and environment in the region, as reflected by the Istanbul conference and Pakistan's decision to grant Most Favoured Nation status to India.
Pakistan has agreed in principle to grant access to imports from India under the Most Favoured Nation status, but has yet to fully implement the change.

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