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A most favoured nation clause (also called a most favoured customer clause or most favoured licensee clause) is a contract provision in which a seller (or licensor) agrees to give the buyer (or licensee) the best terms it makes available to any other buyer (or licensee).
After the two governments settled asset claims dating from the Korean War in 1950, Congress temporarily granted China most favored nation status in 1980. However, Chinese-American trade was still hindered by the Jackson–Vanik amendment of 1974, which made trade with the United States contingent on certain human rights metrics. The Jackson ...
Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead. WTO: WTO indicators are based on MFN (Most Favoured Nation) tariffs applied by the reporting country/economy. Trade weighted ...
Ending China’s most favored nation status was a pipe dream under the previous administration, when Democrats controlled the Senate and White House. However, with Republican control of the ...
The broad trade shift, which revokes the “most favored nation” status for Russia, is being taken in coordination with the European Union and Group of Seven countries. "The free world is coming ...
The United States, the European Union, Britain, Canada and Japan were due to move jointly on Friday to revoke Russia's "most favoured nation" (MFN) status over its invasion of Ukraine, people ...
The conflict between national treatment and minimum standards has mainly played out between industrialized and developing nations, in the context of expropriations. Many developing nations, having the power to take control over the property of their own citizens, wished to exercise it over the property of aliens as well. [citation needed]
The designation was changed from most favored nation (MFN) to normal trade relations by Section 5003 of the Internal Revenue Service Restructuring and Reform Act of 1998. Permanent was added to normal trade relations some time later. In international trade, MFN status (or treatment) is awarded by one country to another.