单词 | most-favoured nation clause |
释义 | most-favoured nation clausemost-favoured nation clauseA clause which may be written into a contract that a physician or other healthcare provider in the USA has with a managed care organisation (MCO), requiring the doctor to give the MCO his or her lowest possible price for providing a particular service, effectively barring him or her from contracting with any person or organisation for a lower fee.most-favoured nation clausemost-favoured nation clausean underlying principle of the WORLD TRADE ORGANIZATION (WTO) whereby each country undertakes to apply the same rate of TARIFF to all its trade partners. This general principle of non-discrimination evolved out of earlier WTO endorsement of bilateral trade treaties, whereby if country A negotiated a tariff cut with country B, and subsequently country B negotiated an even more favourable tariff cut with country C, then the tariff rate applying in the second case would also be extended to A. |
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