Preferences
Preferences and the GATT Policy Negotiations
In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Preferences: Special trade advantages granted by an importing country to certain trading partners, in contrast to nondiscriminatory treatment conforming to the most-favored- nation principle. Most preferences are granted to LDCs by industrial countries to promote export growth and development (see GSP). In addition to preferential tariff rates, preferential application of other measures such as licensing practices, quotas, or taxes may also be granted. The term is not normally applied to special trade treatment granted by a country to its partners in a free trade area, customs union, or common market.
Preferences in International Trade
Meaning of Preferences, according to the Dictionary of International Trade (Global Negotiator): Special advantages extended by importing countries to exports from particular trading partner countries, usually by admitting their goods at tariff rates below those imposed on imports from other supplying countries.
Concept of Gsp
An introductory definition of Gsp is provided here: Generalized System of Preferences: early 1970's nineteen advanced industrial states agreed to eliminate tariffs on manufactured and semimanufactured goods exported by 140 LDCs unilaterally for ten years, renewed during 1980s for another decade (see UNCTAD, IPC)
Resources
See Also
- Foregin Policy
- Foreign Affairs
Resources
See Also
Further Reading
- Information about Preferences in the Encyclopedia of World Trade: from Ancient Times to the Present (Cynthia Clark Northrup)
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