Kemp agrees with the president that Congress should vote again to extend most-favored-nation status to China.
Grains and precious metals are among the most-favored commodities for higher prices.
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Most-favored-nation status offers low tariffs and treats countries as normal trading partners.
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Some contracts include so-called most-favored nation clauses, which make programmers give the biggest cable companies the best price they are offering anywhere, among other conditions.
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An exchange of ambassadors could lead to Vietnam getting Most-Favored Nation trading status and Export-Import Bank loans, critical for buying high-priced items such as aircraft.
Most-favored-nation clauses are also an issue in the e-books case, where Apple sought to ensure that publishers gave the Apple online bookstore the best price available.
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"I think Dick Gephardt has made a real error in calculating his possibilities for the year 2000 if that's what he's doing, " Kemp said, referring to Gephardt's recent attacks on the budget deal and extending most-favored-nation trade status to China.
Poland and Hungary are now seeking access to a number of U.S. trade and financial privileges, including: permanent or multi-year most-favored-nation status, tariff benefits under the generalized system of preferences, eligibility for Overseas Private Investment Corporation programs and large-scale debt relief.
Yet, despite the breadth of this legislation's coverage, the well-known and well-worn vehicle of Most Favored Nation status is nowhere to be found in this debate.
Equity investors favored the most beaten-up banks in 2012, pushing Bank of America way out ahead of its peers in a strong year for the market at large as the potential for a big earnings comeback won out.
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In its first two decades, the Federal Circuit gradually shifted patent law in the pro-patent direction favored by most patent attorneys.
The wackier most bottle-centric minimal structure designs were favored.
Approving the trade pact would end the annual debate over whether China should get normal trade relations -- a designation previously known as Most Favored Nation (MFN) status.
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The Crossroads groups themselves didn't fare a lot better than the tea party groups in 2012, as most of their favored Senate candidates ended up losing -- and Rove got some of the blame.
Until this year, Dick Ebersol, chairman of NBC Sports and Olympics, has favored withholding coverage of most events until prime-time in the U.S. rather than providing live coverage on NBC Universal's broadcast and cable networks or on the Internet.
We want to find the stocks that are most commonly favored by the select group of money managers (in the large-cap, midcap and international arenas) who have been in their jobs for more than a decade and have roundly beaten their peers.
Banks and other stocks that stand to benefit the most from an improving economy have surged this week, a change from earlier in the year when investors favored dividend-rich stocks like utilities.
Such terms, known as "most favored nation" clauses, have drawn the scrutiny of the Justice Department in recent years in the health-care industry because they can sometimes be used to hamper competition.
It did so by linking the granting of Most Favored Nation status and official loans and credit guarantees to the Soviet Union (and other nations with non-market economies) to clear evidence of an institutionalized respect for the right to emigrate.
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