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The American Heritage Dictionary of Business Terms » most-favored nation
most-favored nation
most-favored nation definition - business
most-favored nation
A nation whose imports are treated on the same basis as the nation that receives the most favorable treatment. A reduction in duties on products from one country is extended to any other country that has been recognized with most-favored-nation status.
The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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