Most Favored Nation


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Related to Most Favored Nation: MFN, GATT, 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 ?
Pakistani entrepreneurs have warned that non-removal of tariff and non-tariff barriers (NTBs) by India and concurrently the grant of Most Favored Nation (MFN) status or Non-Discriminatory Market Access (NDMA) status to India would result in widening Pakistan's trade deficit, as imports from India will surge against exports.
Commerce Minister Amin Faheem said during a visit to New Delhi last year that Pakistan would grant most favored nation status to India from Jan.
6), which bans the use of Most Favored Nation clauses by the health insurance industry in Michigan as of Jan.
Which candidate calls for denying Most Favored Nation trading status to China, saying: "We've got a $60 billion trade deficit with Chinese Communists who persecute Tibetans, persecute Christians, persecute political dissidents .
Nonetheless, some members of Congress may battle against renewing China's Most Favored Nation trade status in the wake of allegations that Clinton inappropriately approved the transfer of defense technology to Beijing in exchange for campaign contributions from a U.
Look no further than China's handling of its most important bread-and-butter trade issue--preservation of its most favored nation status with the United States.
Then came the bitter confrontations with Japan over auto parts and with China over Most Favored Nation renewal.
Islamabad, Nov 17(ANI): Pakistan Prime Minister Yousaf Raza Gilani has said that a final decision on granting Most Favored Nation (MFN) status to India has not been taken.
Chesky's medical and legal expertise will be critical when determining the impact of most favored nation clauses on health care costs and on the availability of, and accessibility to, quality health care
Congress revokes the most favored nation status of China, it could be damaging to U.
By separating trade from human rights when it reaffirmed Most Favored Nation trading status for China in 1994, the United States gave up all its chips.
If our silly Congressmen put through a revocation of China's Most Favored Nation status, it will upset the present friendly feeling that Chinese businessmen seem to have towards their American counterparts.

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