Most Favored Nation Treatment (MFN) 1
Most Favored Nation Treatment (MFN) 1 : When one country accords another most-favored-nation status, it agrees to extend that country the same trade concessions it grants to any other MFN recipients. For example, in the tariff area, goods from a country accorded MFN status by the U.S. would be assessed the lower column 1 duties in the U.S. tariff schedule. This concept may apply to non-tariff measures as well. GATT members have agreed to accord each other MFN status. Preferential treatment accorded to developing countries, customs unions, and free trade areas all represent allowable exceptions to the MFN concept
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