grant most favoured nation treatment

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• most-favoured-nation treatment — Guarantee of same trading opportunities (i.e., tariff concessions) already granted to the most favoured nation (MFN). It is a method of establishing equal trading opportunities among states by making originally bilateral agreements multilateral.… …   Universalium

• Most favoured nation — In international economic relations and international politics, most favoured nation (MFN) is a status or level of treatment accorded by one state to another in international trade. The term means the country which is the recipient of this… …   Wikipedia

• National treatment — is a principle in international law vital to many treaty regimes. It essentially means treating foreigners and locals equally. Under national treatment, if a state grants a particular right, benefit or privilege to its own citizens, it must also… …   Wikipedia

• china — /chuy neuh/, n. 1. a translucent ceramic material, biscuit fired at a high temperature, its glaze fired at a low temperature. 2. any porcelain ware. 3. plates, cups, saucers, etc., collectively. 4. figurines made of porcelain or ceramic material …   Universalium

• China — /chuy neuh/, n. 1. People s Republic of, a country in E Asia. 1,221,591,778; 3,691,502 sq. mi. (9,560,990 sq. km). Cap.: Beijing. 2. Republic of. Also called Nationalist China. a republic consisting mainly of the island of Taiwan off the SE coast …   Universalium

• international trade — Introduction       economic transactions that are made between countries. Among the items commonly traded are consumer goods, such as television sets and clothing; capital goods, such as machinery; and raw materials and food. Other transactions… …   Universalium

• Romania — /roh may nee euh, mayn yeuh/, n. a republic in SE Europe, bordering on the Black Sea. 21,399,114; 91,699 sq. mi. (237,500 sq. km). Cap.: Bucharest. Romanian, România /rddaw mu nyah/. * * * Romania Introduction Romania Background: Soviet… …   Universalium

• România — /rddaw mu nyah/; Eng. /roh may nee euh, mayn yeuh/, n. Romanian name of ROMANIA. * * * Romania Introduction Romania Background: Soviet occupation following World War II led to the formation of a Communist peoples republic in 1947 and the… …   Universalium

• World Trade Organization — ▪ international trade Introduction        international organization established to supervise and liberalize world trade. The WTO is the successor to the General Agreement on Tariffs and Trade (GATT), which was created in 1947 in the expectation… …   Universalium

• reciprocity — /res euh pros i tee/, n. 1. a reciprocal state or relation. 2. reciprocation; mutual exchange. 3. the relation or policy in commercial dealings between countries by which corresponding advantages or privileges are granted by each country to the… …   Universalium

• United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …   Universalium