Ottawa Agreement
Summary of Ottawa Agreement
A 1932 agreement among members of the British Commonwealth to extend preferential duty rates to one another and to British dependencies. As a condition of entry into the European Economic Community, Great Britain was obliged to depart substantially from the agreement; this departure, coupled with the independence of most British colonies and possessions, has led to a rapid decline of the preferences granted at Ottawa.
OUTSIDER. In steamship usage, a carrier that is not a member of a given steamship Conference (read this legal term for further details).
(Main Author: William J. Miller)
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