Most Favored Nation Clause

Least Favored Nation - As a humorous counterpoint to the concept of Most Favored Nation status, some have proposed the concept of Least Favored Nations. From the perspective of the United States government, this might include North Korea, Iraq (before its invasion and the deposing of Saddam Hussein), Iran, and arguably Cuba and Libya.

Most-Favoured-Nation Treatment - In international treaties, a Most-Favoured-Nation Treatment (MFN) clause contains the obligation, on behalf of each country that is a party to the treaty, if it grants an advantage of a certain kind to any country, to also grant that advantage to every other country that is a party to the treaty. Simply put, a Contracting Party may not treat another Contracting Party worse than any other country.

Generalized System of Preferences - ... of Preferences, or GSP, is a formal system of exemption from the more general rules of the World Trade Organization, WTO, (formerly, the General Agreement on Tariffs and Trade or GATT). Specifically, it's a system of exemption from the Most Favored Nation principle, MFN, that obligates WTO member countries to treat the imports of all other WTO member countries no worse than they treat the imports of their "most favored" trading partner.

Sub nation (unincorporated nation) - A Sub nation can be a group of people or a race that does not identify themselves with the citizenship given to them after birth.

mostfavorednationclause

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