Most Favored Nation

(redirected from Most favoured nation)
Also found in: Dictionary, Encyclopedia, Wikipedia.
Related to Most favoured nation: 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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
In the meantime, the EU says the Most Favoured Nation clause needs to be addressed in the context of the regional negotiations as part of the global deal.
Under the BTA, normal trade (formerly "most favoured nation") relations are established between the US and Vietnam-subject to the annual Jackson-Vanick waiver by the US President.
In early June senior Chinese officials defended China's human rights record in the area of religious freedom, in response to American groups who wanted the United States to deny China Most Favoured Nation trading status.
Summary: Amritsar (Punjab) [India], Feb 22 (ANI): In the aftermath of India withdrawing Pakistan's Most Favoured Nation (MFN) status, businesses across Attari border have come to a halt.
I S L A M A B A D -- Businessmen Panel Secretary General (Federal) for Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Ahmad Jawad on Sunday said the attempt of Indian Government to withdrawn the Most Favoured Nation (MFN) Status for Pakistan put zero impact on us, despite on 16th February 2019 India imposed 200 percent custom duty on all Pakistani goods originating in or exported from the Islamic Republic of Pakistan regardless bilateral trade largely in favour of India.
ISLAMABAD -- Businessmen Panel Secretary General (Federal) for Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Ahmad Jawad on Sunday said the attempt of Indian Government to withdrawn the Most Favoured Nation (MFN) Status for Pakistan put zero impact on us, despite on 16th February 2019 India imposed 200 percent custom duty on all Pakistani goods originating in or exported from the Islamic Republic of Pakistan regardless bilateral trade largely in favour of India.
Adviser to Prime Minister on Commerce Abdul Razak Dawood on Sunday said New Delhi has not informed Islamabad about withdrawing Pakistan's status as Most Favoured Nation (MFN).
Earlier, Jamat ud Dawah chief Hafiz Saeed said India will never be given Most Favoured Nation (MFN) status.
"Most favoured nation status is not under immediate consideration," Dar told a private news channel in an interview.
A bilateral agreement with Saudi Arabia may pave the way for Japan to get Most Favoured Nation status from the kingdom, the reports said.
The business community is anxiously waiting for the TP as it is framed with very positive outlook for export promotion, import facilitation, bilateral trade, currency swap, most favoured nation (MFN) consideration, value addition and quality control systems.

Full browser ?