Great Britain has commercial treaties on the most-favored-nation basis with Switzerland and Greece.
I am happy to be able to announce to you that Russia now treats us on the most-favored-nation basis.
Status in an international trading arrangement whereby agreements between two nations on tariffs are then extended to other nations. Every nation involved in such an arrangement will have most-favored-nation status. This policy is used, particularly by the United States, to lower tariffs, extend cooperative trading agreements, and protect nations from discriminatory treatment. Most-favored-nation agreements can also be used to apply economic pressure on nations by deliberately excluding them from international trade.