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47-789: Tai Po Tau Shui Wai is a recognized village under the New Territories Small House Policy . It is one of the villages represented within the Tai Po Rural Committee. For electoral purposes, Tai Po Tau Shui Wai is part of the Po Nga constituency, which was formerly represented by Chow Yuen-wai until July 2021. Tai Po Tau Shui Wai was established during the Song dynasty by a branch of the Tang Clan of Kam Tin . The enclosing walls were constructed during

94-723: A bilateral level, however, the United States could not grant MFN status to some members of the former Soviet Union, including the Russian Federation , because of the Jackson–Vanik amendment . This presented an obstacle to those countries' accession to the WTO. At the urging of Vice President Joe Biden , the Jackson–Vanik amendment (which attempts to punish human rights violations without hampering trade) ceased to apply to

141-408: A certain number of conditions are met, one client may be entitled to the lowest fee offered to other clients with a substantially identical investment strategy and the same or lower level of assets under management. The most favoured nation clause can also be included in an agreement between a state and a company or an investor. This involves the provision of special privileges and advantages although

188-667: A large number of Chinese and Westerners to seek their fortune in the city. Its population increased rapidly and the city became overcrowded. The outbreak of bubonic plague in 1894 became a concern to the Hong Kong Government . There was a need to expand the colony to accommodate its growing population. The Qing Dynasty 's defeat in the First Sino-Japanese War had shown that it was incapable of defending itself. Victoria City and Victoria Harbour were vulnerable to any hostile forces launching attacks from

235-404: A mere prohibition to enact discriminatory legislation concerning duties on goods of like character imported from an MFN partner. The court ruled that MFN does not constrain the U.S. from giving out special privileges to other countries. The ideas behind MFN policies can first be seen in U.S. foreign policy during the opening of Japan in the mid to late 1850s, when they were included as a clause in

282-451: A multilateral reciprocal relationship the same privilege would be extended to the group that negotiated a particular privilege. The non-discriminatory component of GATT/WTO applies a reciprocally negotiated privilege to all members of GATT/WTO without respect to their status in negotiating the privilege. Most favoured nation status is given to an international trade partner to ensure non-discriminatory trade between all partner countries of

329-1191: A non-market economy, which had been originally suspended in 1951, was restored in 1980 and was continued in effect through subsequent annual Presidential extensions. Following the massacre of pro-democracy demonstrators in Tiananmen Square in 1989, however, the annual renewal of China's MFN status became a source of considerable debate in the Congress, and legislation was introduced to terminate China's MFN/NTR status or to impose additional conditions relating to improvements in China's actions on various trade and non-trade issues. Agricultural interests generally opposed attempts to block MFN/NTR renewal for China, contending that several billion dollars annually in current and future U.S. agricultural exports could be jeopardized if China retaliated. In China's case, Congress agreed to permanent normal trade relations (PNTR) status in Pub. L.   106–286 (text) (PDF) , which President Clinton signed into law on October 10, 2000. PNTR paved

376-555: A number of industries including most topically with online travel agents. However the regulatory tide in the EU appears to be turning against the use of these clauses. In a number of recent EU cases in the UK and Germany, MFNs have been condemned when used by companies with significant market power. Startups with most favoured nation (MFN) clause in agreements with their investors are called most favoured nation startups. The clause intends to protect

423-417: Is a non-discriminatory trade policy as it ensures equal trading among all WTO member nations rather than exclusive trading privileges. The earliest form of the most favoured nation status can be found as early as the 11th century. Today's concept of the most favoured nation status starts to appear in the 18th century, when the division of conditional and unconditional most favoured nation status also began. In

470-479: Is a status or level of treatment accorded by one state to another in international trade . The term means the country which is the recipient of this treatment must nominally receive equal trade advantages as the "most favoured nation" by the country granting such treatment (trade advantages include low tariffs or high import quotas ). In effect, a country that has been accorded MFN status may not be treated less advantageously than any other country with MFN status by

517-453: Is also included in most bilateral investment treaties concluded between capital exporting and capital importing countries after World War II. Trade experts consider MFN clauses to have the following benefits: As MFN clauses promote non-discrimination among countries, they also tend to promote the objective of free trade in general. GATT members recognized in principle that the "most favoured nation" rule should be relaxed to accommodate

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564-438: Is certain freedom-of-emigration requirements (better known as the Jackson–Vanik amendment ). The act authorizes the president to waive a country's full compliance with Jackson–Vanik under specified conditions, and this must be renewed by June 3 of each year. Once the president does so, the waiver is automatic unless Congress passes (and avoids or overturns a presidential veto of) a disapproval resolution. MFN/NTR status for China,

611-429: Is concerned, each member country has indicated the same services in its schedule of services commitments, as notified to the WTO. A most favoured nation clause (also called a most favoured customer clause or most favoured licensee clause ) is a contract provision in which a seller (or licensor) agrees to give the buyer (or licensee) the best terms it makes available to any other buyer (or licensee). In some contexts,

658-552: The 2019 Pulwama attack that killed over 40 CRPF personnel, India withdrew the MFN status that it had accorded to Pakistan. In March 2022, in response to the 2022 Russian invasion of Ukraine , the G7 countries resolved jointly to withdraw 'most favoured nation' status from Russia and to impose punitive tariffs . In a statement, the group declared that "Russia cannot grossly violate international law and expect to benefit from being part of

705-755: The Commercial Treaty of 1858 , which signalled the opening of the Japanese market. Since 1998, the term normal trade relations (NTR) has replaced most favoured nation in all U.S. statutes. This change was included in section 5003 of the Internal Revenue Service Restructuring and Reform Act of 1998 (P.L. 105-206). However, Title IV of the Trade Act of 1974 (P.L. 93-618) established conditions on U.S. MFN/NTR tariff treatment to certain non-market economies, one of which

752-674: The Ming dynasty . A part of the Clan later branched out and settled in Tai Po Tau Tsuen . This Hong Kong location article is a stub . You can help Misplaced Pages by expanding it . New Territories The New Territories (abbr. N.T. , Chinese : 新界) is one of the three areas of Hong Kong , alongside Hong Kong Island and the Kowloon Peninsula . It makes up 86.2% of Hong Kong's territory, and contains around half of

799-602: The British did not take over the New Territories immediately. During this period, there was no Hong Kong Governor and Wilsone Black acted as administrator. James Stewart Lockhart , the Colonial Secretary of Hong Kong , was sent back from England to make a survey of New Territories before formal transfer. The survey found that the new frontier at Sham Chun River (Shenzhen river) suggested by Wilsone Black

846-472: The British made concessions to the indigenous inhabitants with regards to land use, land inheritance and marriage laws; the majority of which remained in place into the 1960s when polygamy was outlawed. Some of the concessions with regard to land use and inheritance remain in place in Hong Kong to this day and is a source of friction between indigenous inhabitants and other Hong Kong residents. Lord Lugard

893-663: The Germans in Qingdao (Tsingtao) and the Russians in Port Arthur. Chinese officials stayed in the walled cities of Kowloon City and Weihaiwei. The extension of Kowloon was called the New Territories. The additional land was estimated to be 365 square miles (950 km ) or 12 times the size of the existing Colonial Hong Kong at the time. Although the convention was signed on the 9 June 1898 and became effective on 1 July,

940-631: The Governor's proclamation of the takeover date. Fearing for their traditional land rights, in the Six-Day War of 1899 , a number of clans attempted to resist the British, mobilising clan militias that had been organised and armed to protect against longshore raids by pirates. The militia men attempted a frontal attack against the temporary police station in Tai Po that was the main British base but were beaten back by superior force of arms. An attempt by

987-650: The Korean kingdom Joseon was compelled by the United States to give it most favored nation status. After World War II , tariff and trade agreements were negotiated simultaneously by all interested parties through the General Agreement on Tariffs and Trade (GATT), which ultimately resulted in the World Trade Organization in 1995. The WTO requires members to grant one another "most favoured nation" status. A "most favoured nation" clause

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1034-524: The MFN standard." This general principle, however, is not absolute. The current EU competition law position is that MFN clauses will infringe Article 101(i) if in the individual circumstances of the case result in an appreciable adverse effect on competition in the European Union. This is likely to happen when the parties to the agreement have substantial market power. It is recognised by EU courts and regulators that such clauses are widely used in

1081-658: The Outlying Islands. It comprises an area of 952 square kilometres (368 sq mi). Nevertheless, New Kowloon has remained statutorily part of the New Territories instead of Kowloon. The New Territories were leased from Qing China by the United Kingdom in 1898 for 99 years in the Second Convention of Peking (The Convention for the Extension of Hong Kong Territory). Upon the expiry of

1128-485: The Russian Federation and Moldova with Magnitsky Act on December 14, 2012. In 1998, the "most favoured nation status" in the United States was renamed "permanent normal trade relations" (NTR) as all but a handful of countries had this status already. The U.S. gives preferential treatment to some of its trading partners without this status, based on the U.S. Supreme Court interpretation of MFN principle as

1175-453: The WTO. A country which provides MFN status to another country has to provide concessions, privileges, and immunity in trade agreements. It is the first clause in the GATT. Under rules of WTO, a member country is not allowed to discriminate between trade partners and if a special status is granted to one trade partner, the country is required to extend it to all members of WTO. In a nutshell, MFN

1222-627: The agreement or schedule notified to the WTO by that member country. Pursuant to that provision, India has extended MFN status for goods to most member countries of WTO. Within the South Asian Association for Regional Cooperation (SAARC), Bangladesh , Maldives , Nepal , Pakistan and Sri Lanka are members of the WTO and all excepting Pakistan have extended MFN status to India, which had extended MFN status to all SAARC countries. In 2019, India revoked its MFN status towards Pakistan . So far as exception to MFN status (if any)

1269-413: The area did not become fully committed until the late 1970s, when many new towns were built to accommodate the population growth from urbanised areas of Kowloon and Hong Kong Island. Despite rapid development of the new towns, which now accommodate a population of over 3 million, the Hong Kong Government confines built-up areas to a few areas and reserves large parts of the region as parkland . As

1316-633: The boundary remain at the Sham Chun River. The new Hong Kong Governor, Henry Blake arrived in November 1898. The date for the takeover of the New Territories was fixed as 17 April 1899, and Tai Po was chosen as the administrative centre. The transfer was not smooth and peaceful. In early April 1899, Captain Superintendent of Police, Francis Henry May and some policemen erected a flagstaff and temporary headquarters at Tai Po and posted

1363-468: The clansmen at guerilla warfare was put down by the British near Lam Tsuen with over 500 Chinese men killed, and collapsed when British artillery was brought to bear on the walled villages of the clansmen. Most prominent of the villages in the resistance Kat Hing Wai , of the Tang clan , was symbolically disarmed, by having its main gates dismounted and removed. However, in order to prevent future resistance

1410-646: The early days of international trade , "most favoured nation" status was usually used on a dual-party, state-to-state basis. A nation could enter into a "most favoured nation" treaty with another nation. In the Treaty of Madrid (1667) , Spain granted England "most favoured nation" trading status. With the Jay Treaty in 1794, the US also granted the same to Britain. In the Joseon–United States Treaty of 1882 ,

1457-815: The entirety of the Wong Tai Sin and Kwun Tong districts, as well as the mainland portion of the Sham Shui Po District (i.e. excluding the Stonecutters Island ) and the northern portion of the Kowloon City District (portion to the north of Boundary Street/Prince Edward Road West , as well as reclaimed land including the Kai Tak Airport ). Most favoured nation In international economic relations and international politics, most favoured nation ( MFN )

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1504-535: The expiry date of the lease neared in the 1980s, talks between the United Kingdom and the People's Republic of China led to the signing of the Sino-British Joint Declaration (1984), in which the whole of Hong Kong would be returned, instead of only the New Territories. The New Territories comprises nine districts each with their own District Council : According to the 2021 census ,

1551-594: The hills of Kowloon. Alarmed by the encroachment of other European powers in China, Britain also feared for the security of Hong Kong. Using the most favoured nation clause that it had negotiated with Peking, the United Kingdom demanded the extension of Kowloon to counter the influence of France in southern China in June 1898. In July, it secured Weihaiwei in Shandong in the north as a base for operations against

1598-454: The international economic order". In the 1990s, continued "most favored nation" status for the People's Republic of China by the United States created controversy in the latter because of its sales of sensitive military technology and China's serious and continuous persecution of human rights . China's MFN status was made permanent on December 27, 2001. All of the former Soviet states , including Russia, were granted MFN status in 1996. On

1645-544: The lease, sovereignty was transferred to the People's Republic of China in 1997, together with the Qing-ceded territories of Hong Kong Island and Kowloon Peninsula. In 2021, the population of the New Territories was recorded at 3,984,077, with a population density of 4,140 per square kilometre (10,720/sq mi). Hong Kong Island was ceded to Britain in 1842 and Kowloon south of Boundary Street and Stonecutters Island in 1860. The colony of Hong Kong attracted

1692-409: The members while maintaining tariff walls between member nations and the rest of the world. Trade agreements usually allow for exceptions to allow for regional economic integration . WTO rules allow any country to revoke the MFN status that it had previously accorded to another: in particular, Article 21 (National Security) allows it to do so without further explanation. In February 2019, following

1739-645: The needs of developing countries , and the UN Conference on Trade and Development (established in 1964) has sought to extend preferential treatment to the exports of the developing countries. Another exception to the "most favoured nation" principle has been posed by regional trade blocs such as the European Union and the North American Free Trade Agreement (NAFTA), which have lowered or eliminated tariffs among

1786-656: The population of Hong Kong. Historically, it is the region described in the Convention for the Extension of Hong Kong Territory . According to that treaty, the territories comprise the mainland area north of Boundary Street on the Kowloon Peninsula and south of the Sham Chun River (which is the border between Hong Kong and Mainland China ), as well as over 200 outlying islands , including Lantau Island , Lamma Island , Cheung Chau , and Peng Chau in

1833-599: The population of the New Territories was 3,984,077, representing 53.7% of Hong Kong's total population. 90.4% of the residents of New Territories use Cantonese as their main language. 3.5% of its residents use English , 2.0% use Mandarin Chinese , and 2.3% of New Territories' residents use other Chinese dialects. 93.1% of the district's population is of Chinese descent. The largest ethnic minority groups are Filipinos (2.1%), Indonesians (1.8%), South Asians (1.1%), Mixed (0.8%) and Whites (0.7%). New Kowloon covers

1880-445: The principle of national treatment , MFN is one of the cornerstones of WTO trade law . "Most favoured nation" relationships extend reciprocal bilateral relationships following both the General Agreement on Tariffs and Trade (GATT) and WTO norms of reciprocity and non-discrimination. In bilateral reciprocal relationships a particular privilege granted by one party only extends to other parties who reciprocate that privilege, while in

1927-408: The promising country. There is a debate in legal circles whether MFN clauses in bilateral investment treaties include only substantive rules or also procedural protections. The members of the World Trade Organization (WTO) agree to accord MFN status to each other. Exceptions allow for preferential treatment of developing countries , regional free trade areas and customs unions . Together with

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1974-557: The state cannot use contractual mechanisms to avoid its MFN treatment obligations with other countries. Unlike the relationship among states where a nation accorded an MFN status cannot be treated less advantageously than another, the host nation does not breach MFN treatment if it provides different privileges to different investors. The United Nations Conference on Trade and Development clarified this when it stated that "a host country cannot be obliged to enter into an individual investment contract" and that "freedom of contract prevails over

2021-546: The territory of Hong Kong. Later, after New Kowloon was defined from the area between the Boundary Street and the Kowloon Ranges spanned from Lai Chi Kok to Lei Yue Mun , and the extension of the urban areas of Kowloon, New Kowloon was gradually urbanised and absorbed into Kowloon. The New Territories now comprises only the mainland north of the Kowloon Ranges and south of the Sham Chun River, as well as

2068-448: The use of such clauses may become commonplace, such as when online ebook retailers contract with publishers for the supply of e-books. Use of such clauses, in some contexts, may provoke concerns about anticompetitive influences and antitrust violations, while in other contexts, the influence may be viewed as procompetitive. One example where most favoured nation clauses may appear is in institutional investment advisory contracts, where if

2115-501: The way for China's accession to the WTO in December 2001, which provides U.S. exporters of agricultural products the opportunity to benefit from China's WTO agreements to reduce trade barriers and open its agricultural markets. As per the obligation under their World Trade Organization (WTO) treaties of accession, the member countries of WTO automatically extend most favoured nation (MFN) status to each other unless otherwise specified in

2162-419: Was Governor from 1907 to 1912, and he proposed the return of Weihaiwei to the Chinese government, in return for the ceding of the leased New Territories in perpetuity. The proposal was not received favourably, although if it had been acted on, Hong Kong might have remained forever in British hands. Much of the New Territories was, and to a limited extent still is, made up of rural areas. Attempts at modernising

2209-477: Was far from ideal. It excluded the town of Shenzhen (Sham Chun), and the boundary would divide the town. There was no mountain range as a natural border. Lockhart suggested moving the frontier to the line of hills north of Shenzhen. This suggestion was not received favourably and the Chinese official suggested the frontier be moved to the hill much further south of the Sham Chun River. It was settled in March 1899 that

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