
Home > Terms > Macedonian (MK) > најпривилегирана нација
најпривилегирана нација
Equal treatment, at least, in international trade. If country A grants country B the status of most-favored nation, it means that B’s exports will face tariff that are no higher (and also no lower) than those applied to any other country that A calls a most-favored nation. This will be the most favorable tariff treatment available to imports. Most-favored nation treatment is one of the most important building blocks of the international trading system. The World Trade Organization requires member countries to accord the most favorable tariff and regulatory treatment given to the product of any one member to the “like products” of all other members. Before the general agreement on tariffs and trade, there was often a most-favored nation clause in bilateral trade agreements, which helped the world move towards free trade. In the 1930s, however, there was a backlash against this, and most-favored nations were treated less favorably. This shift pushed the world economy towards division into regional trade areas. In the United States, most-favored nation status has to be re-ratified periodically by Congress.
- Частина мови: noun
- Синонім(и):
- Blossary:
- Галузь/тема: Economy
- Category: Economics
- Company: The Economist
- Виріб:
- Акронім-Скорочення:
Інші мови:
Що ви хочете сказати?
Terms in the News
Featured Terms
Dragon Boat фестивал
Одбележан во Кина, како и други југоисточни азиски земји, Dragon Boat Festival е на петтиот ден од петтиот месец од лунарниот календар. На овој ден, ...
Учасник
Featured blossaries
Browers Terms By Category
- Digital Signal Processors (DSP)(1099)
- Test equipment(1007)
- Semiconductor quality(321)
- Silicon wafer(101)
- Components, parts & accessories(10)
- Process equipment(6)
Semiconductors(2548) Terms
- Authors(2488)
- Sportspeople(853)
- Politicians(816)
- Comedians(274)
- Personalities(267)
- Popes(204)
People(6223) Terms
- Economics(2399)
- International economics(1257)
- International trade(355)
- Forex(77)
- Ecommerce(21)
- Economic standardization(2)
Economy(4111) Terms
- General boating(783)
- Sailboat(137)
- Yacht(26)
Boat(946) Terms
- Osteopathy(423)
- Acupuncture(18)
- Alternative psychotherapy(17)
- Ayurveda(9)
- Homeopathy(7)
- Naturopathy(3)