HTML _ 96-463 - Country Applicability of the U.S. Most-Favored-Nation Status
1-Jul-1999; Vladimir Pregel; 2 p.

Abstract: The United States accords permanent most-favored-nation (MFN) treatment to all its trading partners except six countries to which it is denied by law and 14 countries whose MFN status is temporary and subject to the conditions of Title IV of the Trade Act of 1974. As a matter of general policy embodied in its own law (Section 126; Trade Act of 1974; 19 U.S.C. 2136), the United States extends unlimited and permanent MFN treatment to all of its trading partners. Hence, there exists no official specific list of countries with MFN status.(1) Excepted from this general policy have been certain countries whose MFN status was suspended by law. In several such instances, permanent MFN treatment has been restored by legislation; in most other cases, however, the status has been restored (and remains in effect) on a temporary, periodically renewable basis. Such restoration and continuation in effect through semiannual or annual renewals is subject to the conditions set by the requirements of the Jackson-Vanik freedom-of-emigration amendment (Section 402; 19 U.S.C. 2432) and related provisions of Title IV of the Trade Act of 1974 (e.g., existence of a 3-year, renewable bilateral trade agreement). [read report]

Topics: Economics & Trade, International, International Finance

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