Most Favored Nation Status Related Articles
Definitions of Terms Used in Trade Policy
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Most Favored Nation
A trade policy commitment on the part of one nation to extend to another nation tariff rates as low as applies to any other "most favored nations," and to treat imports from that nation without discrimination.
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 (MFN) - A status granted to one country by another; the granting country then accords the recipient's imports and exports the most favorable treatment that it accords any country.
Most Favored Nation. The phrase is a relic of 19th century diplomacy, when normal trade relations were defined as extending to other nations the same privileges accorded a country's "most favored" trading partner.
Wolman, Paul. Most Favored Nation: The Republican Revisionists and U.S. Tariff Policy, 1897–1912. Chapel Hill, N.C., 1992.
Younger, Edward A. John A. Kasson: Politics and Diplomacy from Lincoln to McKinley. Iowa City, Iowa, 1955.
Most Favored Nation Treatment
A commitment that a country will extend to another country the lowest tariff rates it applies to any other country. All contracting parties undertake to apply such treatment to one another under Article I of GATT.
Most Favored Nation.
MFN rate
MFN tariff.
MFN status
The status given by the U.S. to some non-members of the GATT/WTO whereby they are charged MFN tariffs even though they are eligible for higher tariffs. See PNTR.
MFN tariff ...
The stocks with the highest volume of trading on a certain day. Most distant futures contract
When several futures contracts are considered, the contract settling last. Related: nearby futures contract
Most Favored Nation ...
Related: nearby futures contract 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.
 See also: Tariff, Tariffs, Banks, Emerging markets, National market
  
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