Most Favored Nation. A core principle of the WTO, most recently referred to as Normal Trade Relations (NTR).
Most Favoured Nation actually means non-discriminatory treatment of import/export of products between all WTO members.
Most Favored Nation. Trade status under GATT and now under the WTO where imports from a nation are granted the same tariff as those from the member states.
Most Favoured Nation. relates to provisions of free trade agreements eg GATS.
Most Favoured Nation. A rule in GATS and other WTO agreements which states that all trading partners must be treated equally. For instance, under GATS, the MFN obligation requires that the most favourable treatment granted in any given sector covered by the GATS must be extended to all WTO member countries.
Acronym for " Most-Favoured-Nation Treatment."
Most-favoured-nation treatment (MFN) (Article I of the GATT 1994) requiring countries not to discriminate between goods on the basis of country of origin or destination.
Most Favoured Nation: basic non-discrimination between trading partners (each partner is given the same rights as any other "most favoured nation") Set out in Article 2 of the GATS.
Affords individuals and firms of one country treatment no less favourable than that afforded to individuals and firms of another country.
Most Favoured Nation Status. The principle, fundamental to the WTO, of treating imports from a country on the same basis as that given to the most favored other nation. This means( with some exceptions), every country receives the lowest tariff that any country receives, and reductions in tariffs to one country are extended also to others. There are exceptions to this rule such as that provided for by Free Trade Areas under WTO law.
Most Favored Nation status, granted to certain countries allowing them import tariff reductions on their exported products
Most Favoured Nation: every member is treated as well as the "most favoured one": ie: if U.S. offers low tariff to Canada on ice cubes: every other GATT member is entitled to the same treatment (see also free trade, GATT)
Which indicates that a specific nation will receive preferential imports duties, quotas etc.
