most favoured nation status
1most-favoured nation — UK US UK (US most favored nation) noun [C] (ABBREVIATION MFN) ECONOMICS, POLITICS ► a country that is given the highest level of advantages by another country in international trade, such as low taxes on imports: »Full trading privileges means… …
2Most favoured nation — In international economic relations and international politics, most favoured nation (MFN) is a status or level of treatment accorded by one state to another in international trade. The term means the country which is the recipient of this… …
3most-favoured-nation treatment — Guarantee of same trading opportunities (i.e., tariff concessions) already granted to the most favoured nation (MFN). It is a method of establishing equal trading opportunities among states by making originally bilateral agreements multilateral.… …
4favoured — fa|voured BrE favored AmE [ˈfeıvəd US ərd] adj [only before noun] 1.) receiving special attention, help, or treatment, sometimes in an unfair way ▪ a list of favoured customers ▪ China s most favored nation trading status with the US 2.) chosen… …
5United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …
6china — /chuy neuh/, n. 1. a translucent ceramic material, biscuit fired at a high temperature, its glaze fired at a low temperature. 2. any porcelain ware. 3. plates, cups, saucers, etc., collectively. 4. figurines made of porcelain or ceramic material …
7China — /chuy neuh/, n. 1. People s Republic of, a country in E Asia. 1,221,591,778; 3,691,502 sq. mi. (9,560,990 sq. km). Cap.: Beijing. 2. Republic of. Also called Nationalist China. a republic consisting mainly of the island of Taiwan off the SE coast …
8religion — religionless, adj. /ri lij euhn/, n. 1. a set of beliefs concerning the cause, nature, and purpose of the universe, esp. when considered as the creation of a superhuman agency or agencies, usually involving devotional and ritual observances, and… …
9trade agreement — Any contractual arrangement between states concerning their trade relations. Trade agreements may be bilateral or multilateral, that is, between two states or more than two. For most countries international trade is regulated by unilateral… …
10Vietnam — /vee et nahm , nam , vyet , vee it /, n. 1. Official name, Socialist Republic of Vietnam. a country in SE Asia, comprising the former states of Annam, Tonkin, and Cochin China: formerly part of French Indochina; divided into North Vietnam and… …
