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most favored nation clause

most favored nation clause definition - legal

n

A provision in treaties according all citizens of the nations that are parties to the treaty a special status as to other nations that are parties to the treaties, such citizens are afforded all privileges available to most favored nations; general effect of such status is a lowering of duty on trade between such nations. 

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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