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Most Favored Nation
(redirected from most favored nations)

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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.


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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.
 
 
 
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