most-favoured-nation clause

most-favoured-nation clause
A clause in a trade agreement between two countries stating that each will accord to the other the same treatment as regards tariffs and quotas as they extend to the most favoured nation with which each trades. Both the World Trade Organization and the EU have used this concept.

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  • Most favoured nation — In international economic relations and international politics, most favoured nation (MFN) is a status or level of treatment accorded by one state to another in international trade. The term means the country which is the recipient of this… …   Wikipedia

  • most-favoured-nation clause — /məυst ˌfeɪvəd neɪʃ(ə)n klɔ:z/ noun an agreement between two countries that each will offer the best possible terms in commercial contracts …   Dictionary of banking and finance

  • most favoured nation provision — + Most Favored Nations Provision (MFN) USA This term has a number of meanings. In the context of: • Finance, business jargon for the concept that the first party will be entitled to at least as favorable terms as a second party in specified… …   Law dictionary

  • Enabling clause — In 1979, as part of the Tokyo Round of the General Agreement on Tariffs and Trade (GATT), the enabling cause was adopted in order to provide a legal basis for extending the Generalized System of Preferences (GSP) beyond the original 10 years. In… …   Wikipedia

  • Режим наибольшего благоприятствования — MOST FAVOURED NATION CLAUSE Условие международного торгового соглашения, предусматривающее предоставление договаривающимися сторонами друг другу всех преимуществ и льгот, которыми пользуется в торговле с ними любое другое государство. Режим… …   Словарь-справочник по экономике

  • international trade — Introduction       economic transactions that are made between countries. Among the items commonly traded are consumer goods, such as television sets and clothing; capital goods, such as machinery; and raw materials and food. Other transactions… …   Universalium

  • trade agreement — Any contractual arrangement between states concerning their trade relations. Trade agreements may be bilateral or multilateral, that is, between two states or more than two. For most countries international trade is regulated by unilateral… …   Universalium

  • china — /chuy neuh/, n. 1. a translucent ceramic material, biscuit fired at a high temperature, its glaze fired at a low temperature. 2. any porcelain ware. 3. plates, cups, saucers, etc., collectively. 4. figurines made of porcelain or ceramic material …   Universalium

  • China — /chuy neuh/, n. 1. People s Republic of, a country in E Asia. 1,221,591,778; 3,691,502 sq. mi. (9,560,990 sq. km). Cap.: Beijing. 2. Republic of. Also called Nationalist China. a republic consisting mainly of the island of Taiwan off the SE coast …   Universalium

  • Ouchy Convention — The Ouchy Convention was negotiated at Ouchy (Switzerland) in June 1932, but signed at Geneva on 18 July 1932 between the two BLEU countries, Belgium and Luxembourg and the Netherlands. At the convention the three countries agreed to a gradual… …   Wikipedia

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