Difference between revisions of "Most favored nation"
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The members of the [[World Trade Organization]], which include all developed nations, accord each other most favored nation status. | The members of the [[World Trade Organization]], which include all developed nations, accord each other most favored nation status. | ||
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[[Category:Economics]] | [[Category:Economics]] | ||
Revision as of 17:32, December 31, 2007
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 tariffs 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.