Most-favored-nation status

Most-favored-nation status is allowing another nation's exports in to the U.S. with the lowest level possible of tariffs on those exports.

Expanded Definition

What one country offers its most-favored-nation partners must therefore be extended to all other nations enjoying this classification.

All members of the World Trade Organization (WTO) enjoyed most-favored-nation status with each other.

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Related Terms

• World trade

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