„Most Favored Nation“
What does Most Favored Nation stand for?
A trade policy commitment on the part of one nation to extend to another nation tariff rates as low as applies to any other “most favored nations,” and to treat imports from that nation without discrimination.
Source:
Trade Agreements and PoliciesView all itemsKrugman, P. R., Obstfeld, M., & Melitz, M. J. (2015). International Economics: Theory and Policy (10th ed.). Pearson.