#Examples of preferential treatment free#

#Examples of preferential treatment free#

Agreement, non-reciprocal preferences granted by the EU under LomГ© will turn into different Free Trade Areas (FTAs) that Brussels will negotiate separately with each ACP region rather than with individual countries. reciprocal, mutual - concerning each of two or more persons or things especially given or done in return 'reciprocal aid' 'reciprocal trade' 'mutual respect' 'reciprocal privileges at other clubs'. Note: Under the GSP, developed countries offer non-reciprocal preferential treatment (such as zero or low duties on imports) to products originating in developing countries. Non-preferential origin rules apply for purposes other than preferential duty. 1337 0 obj/Filter/FlateDecode/ID/Index/Info 1320 0 R/Length 82/Prev 229585/Root 1322 0 R/Size 1356/Type/XRef/W>stream Generalized system of preferences (GSP) is the enabling clause of WTO legal basis, its purpose is to ensure developed countries offer non-reciprocal preferential treatment to developing countries, and sometimes this non-reciprocal preferential treatment offer better access to developed countries market than MFN tariff rates.