noun acronym for 'Most Favored Nation', a status given to a country in international trade agreements
adjective describing the status of a country in international trade agreements
MFN clauses are often included in trade agreements to guarantee equal treatment among trading partners.
MFN treatment is a principle of the World Trade Organization, promoting non-discrimination in trade by ensuring that countries do not discriminate between their trading partners.
Granting MFN status to a country can be a diplomatic gesture to strengthen bilateral relations and promote economic cooperation.
MFN status is a key component of trade agreements, ensuring that countries extend the same favorable trade terms to each other as they do to their most favored trading partner.
MFN is used in the publishing industry to refer to Most Favored Nation clauses in contracts between authors and publishers. These clauses ensure that the author receives the best possible terms compared to other authors.
In the field of psychology, MFN may be used in the context of trade agreements between countries to ensure that each country receives the most favorable treatment in terms of tariffs and trade conditions.
MFN is a common term in international trade agreements to ensure that all parties receive equal treatment and benefits, particularly in terms of tariffs and trade regulations.
Lawyers may encounter MFN clauses in various contracts and agreements, ensuring that their clients receive the most favorable terms compared to other parties involved.