Most Favored Nation

(redirected from Most-Favored-Nation 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 ?
The United States, by launching unilateral investigations according to its domestic law and imposing additional tariffs on Chinese products, has violated WTO rules, such as most-favored-nation treatment and tariff binding.
Li: As the biggest exception to the WTO's most-favored-nation treatment principle, the development of RTAs is strong currently.
They are a clear violation of the basic WTO principle of most-favored-nation treatment as well as the basic spirit and principles of international law,' the ministry stressed.
This indicator is also promoted by the most-favored-nation treatment that operates in bilateral trade.
The BIA establishes the terms for investment between participating countries, including factors such as most-favored-nation treatment, fair trade treatment and dispute resolution.
Likewise, Article 1103 (Most-Favored-Nation Treatment) applies:
(42.) Shinya Murase, The Most-Favored-Nation Treatment in Japan's Treaty Practice During the Period 1854-1905, 70 AM.
"The Trade Representative tells us that the phrase 'in like circumstances,' the meaning of which the white paper discusses, is a key element of two nondiscrimination provisions integral to trade and investment agreements entered into by the United States--the 'most-favored-nation treatment' and the 'national treatment' provisions.
Each investment treaty is tailored, however, all of them guarantee that in matters relating to the treatment of investments, the investors of each contracting party shall enjoy national treatment and most-favored-nation treatment in the territory of the other party.
For the open market principles involved in the investment liberalization, both sides will propose a list of products to be eligible under national treatment and most-favored-nation treatment.
The AGP commits signatories to practice the principles of national treatment and most-favored-nation treatment in the laws, regulations, practices, and procedures concerning government procurement.
(52) On December 17, 1992, the three countries agreed to a treaty that would reduce and remove tariffs and grant "Most-Favored-Nation Treatment" and "National Treatment" status to each country.