Difference between revisions of "Most favored nation"
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== Sources == | == Sources == | ||
| − | + | *''The Earth and Its Peoples A Global History'', Bulliet et al., 2005. | |
| − | The Earth and Its Peoples A Global History, Bulliet et al., 2005. | ||
[[Category:Political Terms]] | [[Category:Political Terms]] | ||
[[Category:Economics]] | [[Category:Economics]] | ||
[[Category:Taxation]] | [[Category:Taxation]] | ||
Revision as of 21:56, February 21, 2021
Most favored nation (MFN) is a trade status given by one nation to another that is the most favored trade status. In other words, a nation with MFN status receives the best treatment possible in trade. An MFN receives the lowest or notariffs and is not disadvantaged in any way.
In the United States, MFN status is also called normal trade relations.
The members of the World Trade Organization, which include all developed nations, accord each other most favored nation status.
See also
Sources
- The Earth and Its Peoples A Global History, Bulliet et al., 2005.