Most favoured nation (MFN) is concept or principle in international economic relations whereby two states that have most favoured nation with one another will provide the same trade advantages (e.g. lower tariffs or higher import quotas) to one another as they would with a third state. 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. - Source: Wikipedia
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