most favored nation (English, noun)
expansion: most favored nation (plural most favored nations)
Senses:
topics: business
diplomacy
finance
government
politics
trading
glosses: A nation accorded a certain level of treatment in international trade. When a nation A is a most favored nation of another nation, B, then B undertakes not to treat A any less favorably (in terms of taxes, exports, etc.) than any of B's other most favored nations.
Forms:
form: most favored nations
tags: plural
form: most favoured nation
tags: alternative