most-favored-nation
adjective
QUIZZES
QUIZ YOURSELF ON “ITS” VS. “IT’S”!
Origin of most-favored-nation
Words nearby most-favored-nation
Example sentences from the Web for most-favored-nation
Why Do “Left” And “Right” Mean Liberal And Conservative?
“Affect” vs. “Effect”: Use The Correct Word Every Time
“Vaccinate” vs. “Inoculate” vs. “Immunize”: What Are The Differences?
What Is The Difference Between “It’s” And “Its”?
“Effectiveness” vs. “Efficacy” vs. “Efficiency”: When To Use Each Word For The Best Results
Where Does The Name “Saturday” Come From?
Cultural definitions for most-favored-nation
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.