Most favoured nation (MFN) is concept or principle in international economic relations whereby two states that have most favoured nation with one another will provide the same trade advantages (e.g. lower tariffs or higher import quotas) to one another as they would with a third state.
Most favoured nation (MFN) is concept or principle in international economic relations whereby two states that have most favoured nation with one another will provide the same trade advantages (e.g. lower tariffs or higher import quotas) to one another as they would with a third state.
Source: Wikipedia "Most favoured nation" · CC BY-SA 4.0
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