Special And Differential Treatment

Summary of Special And Differential Treatment

The concept that developing nations require special consideration in bilateral and multilateral trade negotiations, and that concessions should be granted to the developing nations without reciprocity. Although this concept has been advanced in various individual multilateral trade agreements, the Tokyo Round institutionalized the practice of giving tariff preferences to developing nations en masse, most notably embodied in the generalized system of preferences (read this and related legal terms for further details).

(Main Author: William J. Miller)