TariffsMFN
Most Favored Nation
Also known as: MFN, MFN rate, NMF
A WTO principle requiring that any trade advantage granted to one member country must automatically be extended to all other WTO members.
Also known as: MFN, MFN rate, NMF
A WTO principle requiring that any trade advantage granted to one member country must automatically be extended to all other WTO members.
The Most Favored Nation (MFN) clause is a fundamental principle of the World Trade Organization (WTO) that prohibits discrimination between trading partners. If a country grants a tariff reduction to one member, it must extend the same benefit to all WTO members.
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Learn more→Ad Valorem Tariff
An import duty calculated as a percentage of the customs value of goods. It is the most common type of tariff in international trade.
TradeFree Trade Agreement (FTA)
International agreement that eliminates or reduces tariffs and trade barriers between signatory countries.
TariffsPreferential Tariff Rate
A reduced or zero tariff applied to goods originating from countries with which Mexico has a free trade agreement in force, provided they meet the agreement's rules of origin.
TariffsTariff Phase-Out
The gradual and programmed reduction of import tariffs established in free trade agreements, bringing duties from their original level to zero over a determined period.