Normal Trade Relations

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In the United States, Normal Trade Relations (NTR) status refers to what the World Trade Organization and much of the rest of the world still refer to (somewhat misleadingly) as Most-Favored Nation status. In the US the name was changed in 1998 since all but a handful of nations have this status. As of 2005, Laos, North Korea, Cuba, Russia, Ukraine and Afghanistan, among others, do not have NTR status with the United States.

Related Topics:
United States - World Trade Organization - Most-Favored Nation - 1998 - As of 2005 - Laos - North Korea - Cuba - Russia - Ukraine - Afghanistan

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NTR status does not necessarily imply unrestricted trade, since most-favored nation status applies only to tariffs, and many highly-restrictive non-tariff trade barriers or embargos can exist. Countries like Libya, Iran, Iraq, Syria, Sudan and others have faced embargos or difficult relations with the US without losing NTR in a legal sense.

Related Topics:
Tariff - Libya - Iran - Iraq - Syria - Sudan

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