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 experiment was repeated by varying the parameters such as dosage of MFN photocatalyst, concentration of CV dye and pH.
In order to scale capacity as quickly and efficiently as possible, MFN opted to overlay the existing network with a disaggregated 200 Gbps architecture based on the Fujitsu 1FINITY S100 modular platform with up to 1.2 Tbps bidirectional packet switching capacity.
The MFN status is given to an international trade partner to ensure non-discriminatory trade between all partner countries of the WTO.
In particular context of MFN status, Jawad mentioned that it was a treatment accorded to a trade partner to ensure non-discriminatory trade between two countries vis-a-vis other trade partners.
Dawood said, "We are looking into the withdrawal of the MFN status by India.
The grant of MFN status means that a country will treat all World Trade Organisation member states equally in matters of tariffs on imports.
The said petition requests to provide two tariff lines with 0 percent duty for MFN under AHTN 3901, both of which are defined as " - - Other".
Membership in the WTO, which permanent MFN made possible for China, has proven unable to discipline China's many trade sins.
Money For Nothing (MFN) is described as tribute to Dire Straits 'like no other before' with authentic sounds of one of the most successful rock bands of all time.
During the past two decades, antitrust enforcement against most favored nations (MFN) provisions has grown in the United States and Europe.
Khurram Dastgir Khan on Monday said that Pakistan being member of WTO has extended Most Favoured Nation (MFN) to all WTO countries except for India and Israel.