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Most Favored Nation |
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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. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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116) The following NAFTA articles establish the requirements of national treatment and most-favored-nation treatment with regards to service providers of other NAFTA countries: Article 1202: National Treatment (1) Each Party shall accord to service providers of another Party treatment no less favorable than that it accords, in like circumstances, to its own service providers. The condition imposed by the committee also makes reservation for future exceptions to at least three JPEPA articles dealing with national treatment, most-favored-nation treatment and prohibition of performance requirements,'' she said. Tokyo and Singapore have suggested to each other they will renegotiate rules of products' origin, improvement of market access through tariff cuts in Japan, better arrangements in Singapore's financial service sector, customs procedures and whether to mutually give most-favored-nation treatment, the officials said. |
Most-Favored-Nation Treatment |
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