A condition in which a country grants other countries favorable trading treatment,such as the reduction of import duties,is known as a "most favored nation" trading status.

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This statement is true. Most favored nation (MFN) status is a term used in international trade to describe a condition in which a country grants other countries favorable trading treatment, such as the reduction of import duties or other trade barriers. MFN status is intended to ensure non-discriminatory treatment in trade between countries, and is typically a part of trade agreements negotiated between countries.

A Condition in Which a Country Grants Other Countries Favorable