A trade preference is a preference by one country for buying
goods
In economics, goods are items that satisfy human wants
and provide utility, for example, to a consumer making a purchase of a satisfying product. A common distinction is made between goods which are transferable, and services, which are not t ...
from some other country more than from other countries. It grants special support to one country over another. It is the opposite of a
trade prohibition.
For example, the Agreement on the withdrawal of the United Kingdom of Great Britain and Northern Ireland from the European Union and the European Atomic Energy Community (
Brexit withdrawal agreement
The Brexit withdrawal agreement, officially titled Agreement on the withdrawal of the United Kingdom of Great Britain and Northern Ireland from the European Union and the European Atomic Energy Community, is a treaty between the European Uni ...
) stated that
In the UK, the
Trades Union Congress
The Trades Union Congress (TUC) is a national trade union centre, a federation of trade unions in England and Wales, representing the majority of trade unions. There are 48 affiliated unions, with a total of about 5.5 million members. Frances ...
(TUC) has stated that the country's trade preference system "should provide
Global South countries
with unilateral tariff-free access to the UK’s market on the condition of respect for fundamental
ILO standards and progress towards the realisation of the UN
Sustainable Development Goals, in particular Goal 8 on
Decent work
Decent work is employment that "respects the fundamental rights of the human person as well as the rights of workers in terms of conditions of work safety and remuneration. ... respect for the physical and mental integrity of the worker in the ...
.
A
preferential certificate of origin is a document attesting that goods in a particular shipment are of a certain origin under the definitions of a particular bilateral or multilateral trading agreement.
See also
*
EUR.1 movement certificate
EUR.1 movement certificate (also known as EUR.1 certificate, or EUR.1) is a form used in international commodity traffic. The EUR.1 is most importantly recognized as a certificate of origin in the external trade in legal sense, especially within ...
*
Rules of origin
*
Trade mandate
*
Trade prohibition
*
Trade sanctions
Economic sanctions are commercial and financial penalties applied by one or more countries against a targeted self-governing state, group, or individual. Economic sanctions are not necessarily imposed because of economic circumstances—they ma ...
*
National treatment National treatment is a principle in international law. Utilized in many treaty regimes involving trade and intellectual property, it requires equal treatment of foreigners and locals. Under national treatment, a state that grants particular right ...
*
Most favored nation
References
Commercial policy
{{International-trade-stub