most-favored-nation
- adjective
- /moʊst ˈfeɪvərd ˈneɪʃən/
- Formal
- NAFTA's three primary service obligations, as set out in Chapter 12, are national treatment, most-favored nation treatment, and local presence.
- most-favored-nation status
- most-favored-nation treatment
- most-favored-nation trade
Examples
-
Free-trade agreements may be desirable as barriers against dumping and other predatory tactics that raise adjustment costs, but unconditional most-favored-nation treatment of third parties should be part of all FTAs.
Academic text (1998) -
U.S. trade with China rose rapidly after 1980, when the two nations granted mutual most-favored-nation trade status.
Academic text (1999) -
If not, then India wanted to conduct trade on a most-favored-nation basis.
Academic text (1992) -
Little wonder that the Bush administration has called on Congress to renew the most-favored-nation status until China is able to enter the World Trade Organization.
Academic text (2002) -
Any effort to condition most-favored-nation trade status would seriously jeopardize the U.S.-China relationship and would prompt retaliation.
Academic text (1993) -
First, the United States signed only 14 of the 335 BITs surveyed by the World Bank that contain national or most-favored-nation treatment provisions for admission.
Academic text (1994) -
TRIPs adds to intellectual property treaties the most favored nation principle that has been characteristic of GATT.
Academic text (1994) -
The second key NAFTA obligation is the most-favored nation or MFN obligation, which is contained in Article 1203.
Academic text (1996) -
The trade agreement ensures that the country will receive most-favored-nation treatment, which means lower tariffs compared to others.
-
Under the new policy, Japan benefits from most-favored-nation status, allowing it to trade with reduced import quotas.
Surface Forms
Morphology
Etymology
Most-favored-nation joins most ('greatest'), favored ('given special help') and nation ('country'), and was used in treaties to name the country that got the best deal. It began as a promise to treat one country as well as the 'most favored' partner, so today it means a nation will receive the same trading advantages as others.