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 ?
In an interview with Arab News in Riyadh, he said we do not talk about Most Favoured Nation any more.
In international economic relations and international politics, most favoured nation ( MFN) is a status or level of treatment accorded by one state to another in international trade.
Pakistan announced in 2011 that it would grant India most favoured nation trading status, something India did in 1996.
ISLAMABAD -- Minister for States and Frontier Region (SAFRON) Abbas Afridi on Wednesday apprised the National Assembly that India had not yet been granted the most favoured nation (MFN) status.
He expressed grave concern at Pakistan's decision to grant the Most Favoured Nation to India.
10 ( ANI ): Pakistan Foreign Secretary Jalil Abbas Jilani has said the country has reservations over giving India the status of Most Favoured Nation (MFN).
The Federal Ministry of Commerce's decision to grant the Most Favoured Nation (MFN) status to India immediately and to do away with the restrictive positive list by the end of this year will have wide ranging impact on our nation's economy.
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.
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.
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.
The two countries were to discuss matters relating to granting the Most Favoured Nation (MFN) status to India.

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