Business / Agriculture / Preferential Trade Agreements: Agreements among a group of countries to extend special trading advantages, usually tariff rates that are lower than most-favored nation rates. The U.S.’s Caribbean Basin Initiative and the EU’s Lome Convention which provides preferential access for exports of former EU member countries’ colonies in Africa, the Pacific and the Caribbean are examples of preferential trade agreements.
Preferential Noun Synonyms: advantageous, biased, prejudiced, favorable, privileged, partial, better, favoured, superior
Trade Noun Synonyms: exchange, swap or swop, interchange, switch, barter, return
Trade Adjective Synonyms: commerce, business, traffic, exchange, barter, dealing(s), buying and selling, merchandising, marketing, mercantilism, truck
Business / Agriculture / Trade Agreements Act Of 1979: P.L. 96-39 (July 26, 1979) provided the implementing legislation for the Tokyo Round of multilateral trade agreements in such areas as customs valuation, standards, subsidies, and government procureme MORE
Business / Agriculture / Trade And Tariff Act Of 1984: P.L. 98-573 (October 30, 1984) clarified the conditions under which unfair trade cases under Section 301 of the Trade Act of 1974 can be pursued. It also provided bilateral trade negotiating authority MORE