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preferential tariffA reduced tariff rate applied to imports from certain countries.
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preferential tariffPreferential tariff refers to tariff favoring the products of one country preferential to another. It is extended to partner countries who have signed Free Trade Agreements (FTA) with each other. On e [..]
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preferential tariffA tariff lower than the MFN tariff, levied against imports from a country that is being given favored treatment, as in a preferential trading arrangement or under the GSP.
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