Most favoured nation ||This article has multiple issues. Please
help improve it or discuss these issues on the talk page. 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 treatment
must, nominally, receive equal trade advantages as the "most
favoured nation" by the country granting such treatment. (Trade
advantages include low tariffs or high import quotas.) In
effect, a country that has been accorded MFN status may not be
treated less advantageously than any other country with MFN
status by the promising country. There is a debate in legal
circles whether MFN clauses in bilateral investment treaties
include only substantive rules or also procedural protections.
The members of the World Trade Organization (WTO) agree to
accord MFN status to each other. Exceptions allow for
preferential treatment of developing countries,