Of or relating to a commercial treaty in which the signatories agree to accord each other the same favorable terms that are offered in agreements with any other nation.
The status granted to a nation, as by a trade agreement, that entitles it to receive from the granting nation the most favorable terms of trade that the granter gives to any nation.
Most-favored-nation Sentence Examples
The law under which Great Britain enjoyed the most favored nation treatment expired on the 31st of December 1905, but its provisions were continued by the Bundesrat until further notice.
In October 1901 a treaty fixing a tariff and reserving the most favored nation treatment for the countries already enjoying it was concluded between Persia and Russia.
The commercial treaty with Great Britain, concluded in 4857, provided for the most favored nation treatment, but nevertheless a new treaty under which the duties levied on British imports would be the same as on Russian imports was made with Great Britain a few days before the new tariff came into force and was ratified in May.
In 1890 the Conservative cabinet of Seor Canovas raised the duties on agricultural products, in 1891 it denounced all the treaties of commerce that included most-favored-nation treatment clauses, and in 1892 a new tariff law established considerably higher duties than those of I 882in fact, duties ranging from 40% to 300%.