most-favored-nation treatment

Most-favored-nation (MFN) treatment is a principle in international trade where a country agrees to give any trade benefit, such as lower tariffs or better market access, to one trading partner, and by extension, to all its other trading partners who have MFN status. Essentially, it ensures that no country is at a disadvantage compared to the best treatment any other country receives. This promotes fairness and equality in trade relations, encouraging countries to open markets and cooperate more freely, leading to a more predictable and stable global trading environment.