most favoured nation treatment definition

most favoured nation treatment means any advantage, favour, privilege or immunity granted by any Member State to any product originating in or destined for any third country and shall be accorded immediately and unconditionally to the like product originating in or destined for the territories of all other Member States;

most favoured nation treatment. (MFN) means that advantages that any Tripartite Member/Partner State offers to third countries would be offered to other Tripartite Member/Partner States. The purpose is to ensure that Tripartite Member/Partner State trade amongst each other on terms as good as or better than that offered to non-FTA partners. These advantages would be extended on reciprocity.

most favoured nation treatment means non-discriminatory application of tariffs, para-tariffs and non-tariff barriers.

Examples of most favoured nation treatment in a sentence

• The Parties agree that CARICOM shall grant Most Favoured Nation treatment in the application of the customs tariff in respect of all imports from Colombia.

• The Most Favoured Nation treatment referred to in paragraphs (1) and (2) of Article 5 shall not extend to provisions on the settlement of Investor-State disputes.

• Without prejudice to the provisions of Article 31 of Annexe IV, the Most Favoured Nation treatment granted in accordance with the provisions of this Agreement, or any arrangement adopted under this Agreement, does not apply to tax advantages which the Parties are providing or may provide in the future on the basis of agreements to avoid double taxation or other tax arrangements, or domestic fiscal legislation.

• Article 4 ensures that investments will receive Most Favoured Nation treatment (i.e. investments of investors of a Party will be treated on a basis no less favourable than investments of investors from third countries).

• The TRIPS Agreement, briefly put, stipulates full compliance with the Paris and Berne Conventions in their latest ver- sions, and it acknowledges the principle of national treatment, alongside the trade policy principle of Most Favoured Nation treatment (MFN).

• Investors whose investments have suffered losses due to armed conflict or civil strife, shall benefit from treatment in accordance with Article [National treatment] and Article [Most Favoured Nation treatment] as regards restitution, indemnification, compensation or any other settlement it adopts or maintains relating to such losses.

• Most Favoured Nation treatment MFN means treating one’s trading partners equally.

• Subparagraph (a) does not apply to the extent that a covered entity of a Party makes purchases or sales of goods or services pursuant to a non-conforming measure that the Party adopts or maintains in accordance with Article X (Non- Conforming Measures), as set out in its Schedules to Annex II (reservations taken against a National Treatment or Most- Favoured Nation treatment obligation).

• Any ‘special’ treatment can only be defined relative to what is ‘normal’, so SDT must depend on what rules are generally accepted, e.g. the GATT requirements of Most Favoured Nation treatment and reciprocity of obligations.

• In sum, Article 2.2 seeks to eliminate selective safeguard measures and promotes the use of Most Favoured Nation treatment (MFN), which principle occurs in all WTO Agreements.

More Definitions of most favoured nation treatment

most favoured nation treatment. Contracting Parties shall accord to transit transport to or from the territory of any other Contracting Parties treatment no less favourable than the treatment accorded to transit transport to or from any other country; National Treatment: Contracting Parties shall accord to products which have been in transit through the territory of any other Contracting Party treatment no less favourable than that which would have been accorded to such products had they been transported from their place of origin to their destination without going through the territory of such other Contracting Party; Consistency: Contracting Parties shall ensure the consistent application of the relevant laws and regulations, procedures, and administration guidelines and other rulings within each Contracting Party;

most favoured nation treatment with respect to goods shall mean that the goods imported from a one country or territory shall enjoy the treatment not less favourable than the treatment accorded to like goods imported from any other country or territory;

most favoured nation treatment means treatment upon terms not less favourable than the terms of the treatment accorded by the granting State to any third State in a defined sphere of international relations with respect to determined persons or things.

most favoured nation treatment means treatment accorded within the territories of a Party upon terms no less favourable than the treatment accorded therein, in like situations, to nationals, companies, products, vessels or other objects, as the case may be, of any third country.

most favoured nation treatment means treatment accorded immediately and unconditionally to the nationals of all other Member States of the World Trade Organization;