most favored nation
/moʊst ˈfeɪvərd ˈneɪʃən/
adjective
- Relating to a trade status in which a country grants another country the same favorable trade terms (such as low tariffs) that it gives to its best trading partner.
- The trade dispute threatened the most-favored-nation status between the nations.
- The two countries signed a most-favored-nation agreement to reduce trade barriers.
- Under most-favored-nation rules, any tariff reduction offered to one country must be offered to all.
Antonyms