Most-Favored-Nation Principle
/ˌmoʊst ˈfeɪvərd ˈneɪʃən ˈprɪnsəpl/
Definitions
- (n.) A trade principle obligating a country to offer any concessions granted to one nation to all other signatories equally.
The treaty incorporates the most-favored-nation principle to ensure equal tariffs among member states.
Forms
- most-favored-nation principle
Related terms
See also
Commentary
Common in international trade law, this principle prevents discrimination among trading partners and promotes nondiscriminatory trade policies.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.