Concept information
Preferred term
most favored nation
Definition
- Most favored nation (MFN) status, or treatment, is a multilateral trading agreement between member countries. MFN status stipulates that each country extend tariff and regulatory treatment to other member countries that is no less preferential than their existing trade agreements. [Source: Encyclopedia of Business in Today's World; Most Favored Nation Status]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/most_favored_nation
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