most favored nation
Top trading partner
Most favored nation is a trade status in which one country grants another the lowest tariffs and fewest trade barriers it offers to any partner.
Despite the name suggesting special treatment, MFN status is typically the baseline—countries without it face harsher terms: China was granted most favored nation status in 2000.
Often abbreviated MFN.
- nondiscriminationEqual treatment regardless of identity
- level playing fieldEqual competitive conditions
- trading partnerEntity exchanging goods mutually
- NAFTAContinental free-commerce bloc
- tariffTax on traded goods
reciprocity · trade agreement · bilateral trade · free trade agreement · dispute settlement · trade deal · Smoot-Hawley · trade policy · customs union · trade surplus · import quotas · tariff reductions · trade barriers · embargo · duty · concession · preferential · WTO
most favored nationtrade embargo
Ban on commercial exchange
economic sanctions · trade sanctions · trade ban · trade restrictions · import ban
most favored nationpariah state
Globally isolated country
rogue state · axis of evil · diplomatic isolation · persona non grata · adversary
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