Version: 1.9.1.5 (2021-07-09 11:40) tmldb00204.cc.cec.eu.int
Glossary term:

Tariff preference

Notwithstanding the rules governing the multilateral trading system, developed countries may grant tariff preferences to developing economies without requiring reciprocity (under the Generalised system of preferences scheme, or on a category, regional or bilateral basis).

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