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Topic: Most favored nation

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Most favoured nation - Wikipedia, the free encyclopedia Most favoured nation (MFN, called normal trade relations in the USA) is a status accorded by one nation to another in international trade. In the 1990s continued most favoured nation status for China sparked U.S. controversy because of its sales of sensitive military technology and its use of prison labor, and its most favoured nation status was only made permanent in 2000. If a country has been given most favoured nation status by a trading partner, its exports to that partner will face tariffs that are no higher and no lower than tariffs faced by any other country that has been given most favoured nation status by that same trading partner. en.wikipedia.org /wiki/Most_Favored_Nation   (672 words)

CRS Report: IB93107 - Normal-Trade-Relations (Most-Favored-Nation) Policy of the United States - NLE Without actually affecting the practical application of MFN tariff treatment, legislation was enacted in 1998 (Section 5003 of the Internal Revenue Service Restructuring and Reform Act of 1998) to replace the term "most-favored-nation" in seven specific statutes with "normal trade relations" or another appropriate term. MFN status of Bulgaria and the Russian Federation, restored earlier under the waiver provision, was continued in force by presidential determinations of full compliance with the freedom-of-emigration requirements (made, respectively, in June 1993 and September 1994). Most of these had their MFN status restored within the next two years under the waiver provision of Title IV and by acceding to the U.S.-Soviet Union trade agreement of June 1, 1990, modified to apply to each individual republic. www.ncseonline.org /NLE/CRSreports/Economics/econ-49.cfm;?&CFID=6259&CFTOKEN=76788776   (5664 words)

CRS Report: RL30225 - Most-Favored-Nation Status of the People's Republic of China - NLE China's MFN status with the United States could have been adversely affected by legislation, introduced but not passed, requiring prior congressional approval of U.S. support of China's admission to the WTO and the withdrawal of the United States from the WTO if China were to be admitted without U.S. support. Thus, the MFN status in controversy and, consequently, discussed in this report is limited to nondiscriminatory tariff treatment of China; that is, the application to imports from China of the same concessional customs duty rates, agreed to by the United States in reciprocal negotiations with other trading partners. Denial of China's MFN status would have to be implemented also with having regard of two relevant provisions of the 1979 U.S.-China trade agreement, still in force, addressing specifically the discontinuance of the agreement or of any of its provisions. www.ncseonline.org /NLE/CRSreports/international/inter-12.cfm?&CFID=94745&CFTOKEN=54990809   (4407 words)

State of Maine: Department of Professional and Financial Regulation: Bureau of Insurance: Blue Cross, Document 617 With a most favored nation clause, it would presumably not be able to do that without violating the clause and having to extend any discount that it gives on that service to the large purchaser who has insisted upon the most favored nation clause. Most favored nation treatment is a fundamental principle of the General Agreement on Tariffs and Trade (the GATT). In certain circumstances, a most favored nation clause might be insisted upon in a situation where a provider is already discounting to competitors of the purchaser who insists upon the clause. www.state.me.us /pfr/ins/bcdoc617.htm   (3818 words)

China Most Favored Nation Most Favored Nation (MFN) status was granted to the People's Republic of China (PRC) in 1979 and has been renewed on a yearly basis ever since. Most nations have MFN with the exception of six including Vietnam, Cuba and North Korea. The most compelling example of communist Chinese repression occurred in Tiananmen Square in 1989 and the policies that led to that massacre are still in place, underwritten by trade with the United States. www.thewinds.org /1997/05/favored_china.html   (1647 words)

MFN In practice, designating a country as a "most favored nation" for trade purposes really means "establishing normal trade relations" with that country. The phrase is a relic of 19th century diplomacy, when normal trade relations were defined as extending to other nations the same privileges accorded a country's "most favored" trading partner. www.russell.com /US/glossary/economics/mfn.htm   (52 words)

Most Favored Nation Status (MFN) The name was changed in 1998 because the term Most Favored-Nation status was deceiving since most nations have this trade status except for a handful of rogue nations that have been refused this normal trade relationship. During the Cold War, most Communist countries were either denied MFN or had to meet certain conditions to be granted the status. Under NTR both parties agree not to extend to any third party nation any trade preferences that are more favorable than those available under the agreement concluded between them unless they simultaneously make the same provisions available to each other. www.itds.treas.gov /mfn.html   (524 words)

china as most favored nation: essays-helper.com- essays helper, term papers helper, book reports helper, research papers helper On essays-helper.com there are hundreds of free essay abstracts written by your fellow college students on china as most favored nation. All of the essay abstracts on china as most favored nation can be instantly downloaded from essays-helper.com. If you can't find the right free essay on china as most favored nation, we will be happy to provide you with a custom essay that you need. essays-helper.com /term-papers/924/china-as-most-favored-nation.html   (443 words)

HB 461 - Health ins-no "most favored nation" clauses - As Introduced Note: For most local governments, the fiscal year is the calendar year. Beyond the shade or practical implementation, an MFN clause is a contractual provision that requires a seller (provider or health care facilities) of health care services to give the buyer (HICs, insurers and TPAs) the best price the provider gives to anyone else. This seeming simplicity of MFN clauses masks the complex effects they may have on the market. www.lbo.state.oh.us /123ga/fiscalnotes/123ga/HB0461IN.HTM   (512 words)

Most Favored Nation status China has been given Most Favored Nation status for several years in a row. Now, MFN status could be used as an incentive to a nation (such as Israel) for staying a republic, but the Pinko President has sold out to the red Chinese, and he's paying them back. MFN means all trade between the United States and China will have no tarriffs. home.columbus.rr.com /kfeasel/opinion/mfn.html   (84 words)

9.11.16: Most Favored Nation Clauses - Encyclopedia - Library - VC Experts Consequently, many agreements contain so called most favored nation clauses, provisions which ratchet down the existing license terms to whatever better terms are enjoyed by the newcomer. This clause is particularly hard to draft since the possibility of ambiguity is unusually largewhat is "more favorable," versus simply different. Technology moves fast in today's world and a licensee (who may have paid a giant up-front fee to enable the licensor to finish product development) will feel justifiably aggrieved if the product is subsequently licensed to the licensee's competitors on more favorable terms. vcexperts.com /vce/library/encyclopedia/documents_view.asp?document_id=387   (341 words)

The Use of "Most Favored Nation" Clauses in Settlement of Litigation The Use of "Most Favored Nation" Clauses in Settlement of Litigation MFN clauses are valuable because they commit the defendant not to raise his offer over time. These MFN provisions have been prominent in the recent MP3.com case, as well as tobacco litigation, class actions, and many antitrust lawsuits. www.bepress.com /blewp/default/vol2001/iss2/art5   (261 words)

Argentina - Most Favored Nation Status Rather than representing the special preferential status the name implies, most favored nation (MFN) status has come to be seen as the norm in bilateral trade relationships between countries. While MFN status is reciprocal -with each party agreeing to grant the status to the other- it must be negotiated separately with each country; each agreement includes additional and specific provisions relating to national security, dispute settlement procedures, trade promotion, and various other matters. Under MFN status both parties agree not to extend to any third party nation any trade preferences that are more favorable than those available under the agreement concluded between them unless they simultaneously make the same provisions available to each other. www.invertir.com /argentina/c07-80.html   (127 words)

Thomas Sowell As far as our most favored nation is concerned, that should be the United States of America -- which means that American consumers should be free to buy whatever they want, wherever they want, without being restricted by any of the agendas of innumerable special interest groups. The very way the issue has been posed is misleading and the end result each year has been a futile expenditure of hot air, followed by voting to grant China the same most favored nation status as many other countries. IF NOTHING ELSE, the recent vote in Congress to grant China permanent "most favored nation" status in international trade will spare us the annual brouhaha over this issue. www.jewishworldreview.com /cols/sowell060600.asp   (795 words)

Most Favored Nation Status and China:An Economic Analysis of Linkage U.S. exports are granted Most Favored Nation status in China, although the value of MFN is reduced due to high Chinese tariffs and import restrictions. The British government estimated that the loss of China's Most Favored Nation status could cost the colony $17-25 billion in trade and $2.451-3.355 billion in income, with an estimated loss of 54,000-75,000 jobs. MFN has been a relatively effective tool in winning concessions, although most of the concessions have come through bilateral negotiations and through the use of other policy tools such as Super 301. weekly.china-forum.org /CCF94/ccf9425-1.html   (4193 words)

CNN - Most Favored Nation status critical for Hong Kong future - June 11, 1997 That is why the calls in the U.S. Congress to revoke China's Most Favored Nation trading status -- the low tariffs Washington offers its normal trading partners -- are generating concern here, especially on the eve of Hong Kong's handover to China. Most Favored Nation status critical for Hong Kong future Official studies indicate that if MFN for China was revoked, Hong Kong's economic growth rate would be cut almost in half and unemployment would soar. www.cnn.com /WORLD/9706/11/hong.kong.mfn   (535 words)

When does a country NOT get Most Favored Nation status? With Most Favored Nation status, imports from China have a maximum tariff of 2% while China maintains a 30% to 40% tariff on US goods. Most Favored Nation (MFN) status is the best tariff treatment this country can award another. Would you continue MFN treatment to a country that sold Stinger Missiles and automatic weapons (AK47's) to street gangs in LA? What if our trade deficit (or trade losses) topped $40 Billion this year with that country thus perpetuating job losses here. www.siliconv.com /archive/chinamfn.html   (703 words)

Investment Compendium - Treatment/Standards/Most-Favored-Nation Treatment Each Party shall accord to investments of investors of another Party treatment no less favorable than that it accords, in like circumstances, to investments of investors of any other Party or of a non-Party with respect to the establishment, acquisition, expansion, management, conduct, operation and sale or other disposition of investments. Each Party shall accord to investors of another Party treatment no less favorable than that it accords, in like circumstances, to investors of any other Party or of a non-Party with respect to the establishment, acquisition, expansion, management, conduct, operation, and sale or other disposition of investments. Each Party shall grant investors of another Party, and to their investments, treatment no less favorable than that it accords, in like circumstances, to investors, and their investments, of another Party or of a non-Party. www.sice.oas.org /cp_bits/english/tia_3a5e.asp   (335 words)

Online NewsHour: Relations with Vietnam -- May 19, 1997 I think it’s interesting that Hong Kong, which has the world’s most open trading system, has vociferously argued to the United States that we should extend Most Favored Nation status. Most of the Christmas tree lights that you bought this year, if you bought Christmas tree lights, were made in China. And in China, itself, we would hurt those people by revoking MFN, the very people we want to help most, the private sector in China, the entrepreneurs, the students. www.pbs.org /newshour/bb/asia/may97/mfn_5-19.html   (1653 words)

Mandarins and Moguls Unite for China's Most-Favored Nation Initiative - Center for Media and Democracy Most of them are Republicans, because a Republican administration first re-established ties with China in 1972, and because Republicans controlled the White House for most of the next twenty years. Their support for MFN extension is principally about protecting those investments and not about expanding US exports and employment or promoting democracy in China. By 1996, corporations set their sights on a longer-term strategy--changing the terms of the debate by making China's MFN status permanent so it would not have to undergo further annual reviews. www.prwatch.org /prwissues/1997Q1/mfn.html   (1418 words)

Most favored nation - Wikipedia, the free encyclopedia If a country has been given most favored nation status by a trading partner, its exports to that partner will face tariffs that are no higher and no lower than tariffs faced by any other country that has been given most favored nation status by that same trading partner. Thus, all parties with most favored nation status enjoy the same, equal, most favorable possible tariff treatment offered by the given trading partner. In the United States, "most favored nation status" is now known as Normal Trade Relations, as all but a handful of countries have this status. en.wikipedia.org /wiki/Most-favored_nation   (1418 words)

ALCA FTAA ZLEA - Bilateral Investment Treaties: Standards - Nicaragua/United States Each Party shall accord national and most-favored-nation treatment to covered investments as regards any measure relating to losses that investments suffer in its territory owing to war or other armed conflict, revolution, state of national emergency, insurrection, civil disturbance, or similar events. Article II on treatment requires the better of either national treatment or most-favored nation treatment with respect to both pre-establishment and post-establishment investments. Each Party shall ensure that its state enterprises, in the provision of their goods or services, accord national treatment and most-favored-nation treatment to covered investments. www.ftaa-alca.org /wgroups/wgin/english/nuse_3.asp   (639 words)

Footwear News: Lawmakers urge renewal of China MFN. (most-favored-nation clause)@ HighBeam Research Footwear News: Lawmakers urge renewal of China MFN. www.highbeam.com /library/doc0.asp?DOCID=1G1:16026610&refid=ip_encyclopedia_hf   (168 words)

06/16/97 CHINA: THE GREAT BRAWL Seven giants with the most at stake--Boeing, General Electric, AT&T, Westinghouse Electric, United Technologies, Dresser Industries, and Caterpillar--together disbursed close to $6.5 million in last year's federal elections, two-thirds of it to Republicans, the party most likely to support MFN. The umbrella group includes the National Association of Manufacturers, the National Retail Federation, the Business Roundtable, the National Foreign Trade Council, and the U.S. Chamber of Commerce. He supported MFN for the past two years but is now warning the GOP leadership: ''Don't count on me'' when a vote comes up in July to maintain China's tariff rates at 6% instead of the 44% levied on communist governments such as Cuba and North Korea. www.businessweek.com /1997/24/b353189.htm   (1126 words)

Online NewsHour: Choosing Sides -- August 30, 1999 And all this Most Favored Nation status stuff is whether or not to preserve normal trading relations with China. For the first time in the China MFN debate conservative groups, including the Christian Coalition and the Family Research Council, have mobilized opposition to normal trade status for China and vowed to hold accountable in the next election those members of China who vote for it. Denying MFN might not be a great answer, but it’s the only one we have at hand today. www.pbs.org /newshour/bb/asia/june97/mfn_6-24a.html   (867 words)

The Use of ``Most-Favored-Nation" Clauses in Settlement of Litigation Abstract: Many settlement contracts in litigation involving multiple plaintiffs (or multiple defendants) include ``most-favored-nation" (MFN) clauses. The effects of MFNs on the settlement terms, plaintiffs' welfare, litigation rates, and the defendant's ex ante incentives are considered and alternative explanations are explored. If an early settlement includes an MFN and the defendant settles later with another plaintiff for more money, the early settlers receive these terms too. www.rje.org /abstracts/abstracts/2003/Spring_2003._pp._Spier.html   (129 words)

Investment Compendium - Treatment/Standards/Most-Favored-Nation Treatment Each Party shall grant investors of the other Party and investments of investors of the other Party treatment that is no less favorable than that it grants, in like circumstances, to investors and investments of investors of the other Party or those of a third country, except as provided in Article 13-04(2). Each Party shall grant investors of the other Party and investments of investors of the other Party treatment that is no less favorable than that it grants, in like circumstances, to investors and investments of the other Party or those of a third country, except as provided in Article 15-04(2). Each Party shall accord to investors of the other Party treatment no less favourable than that it accords, in like circumstances, to investors of any of any non-Party with respect to the establishment, acquisition, expansion, management, conduct, operation, and sale or other disposition of investments. www.sice.oas.org /cp_bits/english/fta_3a5e.asp   (270 words)

FTC Challenges "Most Favored Nation" Clause in Tennessee Pharmacy Network Contract. The "most favored nation" (MFN) clause at issue requires that, if a pharmacy in the RxCare network accepts a reimbursement rate from any other third-party payer that is lower than the RxCare rate, the pharmacy must accept that lower rate for all RxCare care business in which it participates. Although most favored nation clauses usually raise no competitive concerns, in this case, the clause was used in furtherance of a horizontal agreement to stabilize the reimbursement rates for retail pharmacy services. According to the FTC's complaint, RxCare represents such a large portion of their business that most pharmacies in Tennessee would incur an unacceptable revenue loss if the MFN forced them to accept rates below the RxCare reimbursement rate on all their RxCare business. www.ftc.gov /opa/1996/01/rxcare.htm   (831 words)

MFN: Most-faulted nation Liberals want to deny China "most-favored nation" trading status because of the nation's human rights record. Most cautioned against "simplistic judgments" of a society as complex as China's. As to whether the United States and China are headed for an earthshaking conflict (a theme now popular among conservatives), Harry Harding, dean of the Elliott School of International Affairs at George Washington University, said he didn't think so. www.sfgate.com /cgi-bin/article.cgi?file=/examiner/archive/1997/05/22/EDITORIAL13549.dtl   (531 words)

Foreign Policy: Most Favored Nation Trade Status Interestingly, during the interview, Wei noted, "In 1994, Communist officials told me that MFN (Most Favored Nation trade status) is nearly a matter of life or death for the [Communist] Party. Unfortunately, most of the Western countries that have taken a strong stand in condemning China's human rights abuses may be quiet this year in an effort to gain trade deals with China. Although the purpose of the 54th Session of the United Nations (U.N.) Commission on Human Rights is to discuss human rights, the subject of human rights in China is nearly a censored topic. www.e-z.net /wtv/_CAABrief_Foreign_Policy_MFN_TradeStatus98.htm   (1148 words)

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