The purpose of granting "most favored nation" status to another country is to promote tourism.

Name: The purpose of granting "most favored nation" status to another country is to promote tourism.
Brand: Quizplus
Rating: 4.8 (44 reviews)

Question

Quizplus · Accepted Answer

"Most favored nation" trading status describes a condition in which a country grants other countries favorable trading treatment such as the reduction of import duties.The purpose is to promote stronger and more stable ties between companies in the two countries.

The Purpose of Granting "Most Favored Nation" Status to Another