India is prepared to offer the US the “forward most favoured nation” clause

• India is prepared to offer the US the “forward most favoured nation” clause as sweetener in trade talks.

A “Most Favored Nation”
(MFN) clause, also known as a “Most Favored Customer” or “Prudent Buyer”
clause, is a contractual term that guarantees a buyer or licensee
receives the same or better terms as any other buyer or licensee.Essentially,
it prevents a seller or licensor from offering better terms to another
party without also extending those terms to the party with the MFN
clause.

This article was written by Giuseppe Dellamotta at www.forexlive.com.