Definition
A core WTO principle requiring a member to extend any tariff or trade advantage granted to one trading partner equally to all other members. The MFN rate is the standard, non-preferential duty applied to imports that do not qualify under a specific trade agreement. South Africa applies MFN rates to imports from WTO members not covered by a preferential arrangement.
Frequently asked questions
What is WTO Most-Favoured-Nation (MFN)?
A core WTO principle requiring a member to extend any tariff or trade advantage granted to one trading partner equally to all other members. The MFN rate is the standard, non-preferential duty applied to imports that do not qualify under a specific trade agreement. South Africa applies MFN rates to imports from WTO members not covered by a preferential arrangement.
Which glossary terms are related to WTO Most-Favoured-Nation (MFN)?
WTO Most-Favoured-Nation (MFN) is a regional trade term in the South African import/export industry. Related terms in the same area include AfCFTA Tariff Phase-Down, AGOA (African Growth and Opportunity Act), CBAM (Carbon Border Adjustment Mechanism), Certificate of Origin, COMESA (Common Market for Eastern and Southern Africa) — each has its own plain-English definition in the TradeCaravan glossary.