One of the mysteries of the English language finally explained.
A country which has been granted the most favourable trading terms available by another country.
- ‘Both countries have granted each other most favored nation status.’
- ‘The most favored nation treatment to which the amendment refers is a familiar clause and concept regulating many types of relationships among states.’
- ‘For the last two decades, since 1980, we have provided what used to be called most favored nation trading status.’
- ‘Despite its dismal record in human rights, the House of Representatives has granted it most favored nation status.’
- ‘And sending a business-as-usual signal by continuing most favored nation status is wrong.’
- ‘As a result of the treaty, a network of bilateral trade agreements based on most favored nation trading status spread across Europe as other countries sought to obtain equal access to the French market in the aftermath of the accord.’
- ‘The bill is complicating the passage of a bill granting China permanent most favored nation status, according to the New York Times.’
- ‘India has already accorded most favoured nation status to Pakistan.’
- ‘Obviously, if the country were to falter in its support of the war effort or there were to be a change in the domestic balance of power there, its most favoured nation treatment by the US could once again be rescinded.’
- ‘States became more open to trade, and many were prepared to stimulate trade by reducing tariffs, and by adopting most favoured nation agreements.’
- ‘In theory, preferential trading agreements contravene GATT's most favoured nation principle, but as they generally favour developing countries, they are often regarded as acceptable.’
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