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Simple English definitions for legal terms

preferential tariff

Read a random definition: l'acte de l'état civil

A quick definition of preferential tariff:

Preferential tariff: A preferential tariff is a special tax rate applied to goods imported from certain countries. It is lower than the regular tariff rate and is given as a benefit to countries that have a trade agreement with the importing country. This helps to promote trade between the two countries and can make certain products more affordable for consumers.

A more thorough explanation:

PREFERENTIAL TARIFF

A preferential tariff is a special tariff rate given to certain countries or products as a result of a trade agreement or other special arrangement. This rate is lower than the standard tariff rate and is designed to encourage trade between the countries involved.

For example, let's say Country A and Country B have a trade agreement that includes a preferential tariff on oranges. The standard tariff rate for oranges is 10%, but under the preferential tariff, oranges from Country B are only subject to a 5% tariff when imported into Country A. This makes it more attractive for businesses in Country A to import oranges from Country B, which can help to increase trade between the two countries.

Another example of a preferential tariff is the Generalized System of Preferences (GSP) program, which provides preferential tariff rates to developing countries on certain products when they are exported to developed countries. This program is designed to help promote economic growth in developing countries by making it easier and more affordable for them to export their goods to other countries.

A preferential tariff is a way to encourage trade between countries by making it more affordable for businesses to import and export goods. By offering a lower tariff rate on certain products or for certain countries, it can help to increase trade and promote economic growth. The examples illustrate how preferential tariffs work in practice and how they can benefit both developed and developing countries.

preferential shop | preferential transfer

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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