Most Favored Nation


Also found in: Dictionary.
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 ?
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.
Until a few years ago, the term "Most Favored Nation" was a phrase restricted primarily to the world of international trade.
He then discussed pending cases relating to the Most Favored Nation (MFN) treatment and free movement of capital to and from "Third" states.
Today, although China possesses weapons of mass destruction and isn't a democracy, it maintains good relations with the United States and even enjoys "most favored nation" trading status.
The MAI permitted investors to sue states for alleged violation or national treatment or most favored nation treatment of investment.
THE NEW AMERICAN had been exposing the Clinton-Red China dealings since 1993 when the Clinton administration approved Most Favored Nation status for the Beijing regime and began sending it super computers and other strategic military-use technology.
House of Representatives on Tuesday rejected a resolution to disapprove President Bill Clinton's decision to extend China's NTR status, formally called Most Favored Nation (MFN) status, in the coming year without conditions attached.
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 ...
By extending the "most favored nation" trade principle to investment rules, governments would have to treat foreign investors the same way they do domestic ones.
With phrases like "global marketplace," "most favored nation status," "entrepreneurial capitalism" and "joint venture" flowing in and out of conversation, Huizenga, 52, more closely resembles an investment banker than a man who has spent the last 21 years working in and leading three different foundry organizations.
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.S.

Full browser ?