M

Most-favoured-nation treatment

trade. Also MFN, MFN status, most-favored-nation

The basic World Trade Organization rule that a member must give every other member trade terms, such as tariff rates, no less favourable than those it gives its most favoured partner; free-trade agreements and preference schemes are exceptions. “MFN tariffs” are a country’s standard rates. India withdrew MFN treatment from Pakistan in February 2019 after the Pulwama attack, raising duties on Pakistani goods to 200 per cent; Pakistan had not granted India MFN status.^1,2

Linked from 3 pages across CUPA.

Sources

1. 1 Understanding the WTO: Principles of the trading system. World Trade Organization. Official
2. 2 India levies 200% duty on imports from Pakistan. Profit (Pakistan Today), 2019-02-17. Press