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.
References in periodicals archive ?
The arbitrator ruled that CSG violated the most favored nations provision in the contract under which it provides customer care and billing services for former AT&T Broadband Cable systems that Comcast acquired in a transaction with AT&T Broadband last year.
Capitalizing on the most recent Most Favored Nations Trade Agreement that passed legislation between the United States and Vietnam, Ebait Inc.
In this action, Motorola claims that Qualcomm breached two key clauses of the 1990 agreements, the most favored nations and royalty sharing provisions.
The ordinance read: "An ordinance creating a section in the code of ordinances of Broward County, Florida, relating to access to broadband internet access transport services; requiring cable television franchisees to provide such access on rates, terms, and conditions at least as favorable as those on which it provides such access to itself; creating a private cause of action and enforcement by county; providing a most favored nations clause; providing severability, inclusion in code, and effective date.
In addition, Mobil has secured a Most Favored Nations clause.

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