GITNUX MARKETDATA REPORT 2024
Statistics About The Most Favored Nation Clause
The Most Favored Nation Clause is a provision in international trade agreements aimed at promoting fairness and ensuring that a country receives equal treatment in terms of trade concessions and privileges granted to other nations.
In this post, we explore the significance and impact of the Most-Favored-Nation clause in international trade agreements. With statistics ranging from the number of WTO members upholding the clause to the average applied MFN tariffs worldwide, we delve into the key aspects surrounding this crucial trade principle. Stay tuned to gain insights into the evolving landscape of global trade relations.
Statistic 1
"As of 2021, there are 164 members of the World Trade Organization (WTO), all agreeing the Most-Favored-Nation clause."
Statistic 2
"By 1947, 23 countries have signed the General Agreement on Tariffs and Trade (GATT) which included the Most-Favored-Nation Clause."
Statistic 3
"As of 2015, the World Trade Organization (WTO) had 267 regional trading agreements reported to them, all of which were required to maintain the MFN principle."
Statistic 4
"As of 2017, the average Most-Favored-Nation (MFN) applied tariff in the world was 6.3%."
Statistic 5
"The applied MFN import-weighted average tariff for products in high-income economies was 1.6% in 2017."
Statistic 6
"As of 2019, the United States had established free-trade agreements (FTAs) with 20 countries, some of which include exceptions to the MFN principle."
Statistic 7
"Between 1985 and 2000 there was more than a tenfold increase in the number of regional trade agreements (from 20 RTA in 1985 to 211 RTAs in 2000) that affected the working of the MFN clause."
Statistic 8
"In 2018, the total merchandise exports of the WTO members accounted for over 98% of global trade, where Most Favored Nations clause is implemented."
Statistic 9
"China’s average Most-Favored-Nation (MFN) tariff rate decreased from 15.3 percent in 2001 to 9.8 percent in 2018."
