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 tran ...
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
A trade prohibition is a restriction in which one country will not buy goods from another country unless certain standards are met or conditions are followed, such as labor standards and environmental standards. It is the opposite of a trade pre ...
.
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 national trade union center (or national center or central) is a federation or confederation of trade unions in a country. Nearly every country in the world has a national tra ...
(TUC) has stated that the country's trade preference system "should provide
Global South
The concept of Global North and Global South (or North–South divide in a global context) is used to describe a grouping of countries along socio-economic and political characteristics. The Global South is a term often used to identify region ...
countries
with unilateral tariff-free access to the UK’s market on the condition of respect for fundamental
ILO
The International Labour Organization (ILO) is a United Nations agency whose mandate is to advance social and economic justice by setting international labour standards. Founded in October 1919 under the League of Nations, it is the first and ol ...
standards and progress towards the realisation of the UN
Sustainable Development Goals
The Sustainable Development Goals (SDGs) or Global Goals are a collection of 17 interlinked objectives designed to serve as a "shared blueprint for peace and prosperity for people and the planet, now and into the future".United Nations (2017) R ...
, 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
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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
Rules of origin are the rules to attribute a country of origin to a product in order to determine its "economic nationality". The need to establish rules of origin stems from the fact that the implementation of trade policy measures, such as tari ...
*
Trade mandate
A trade mandate is a restriction in which one country will only buy goods if a certain standard is met or conditions are followed. It grants special support to one country over another more than just a simple trade preference. It functions in a s ...
*
Trade prohibition
A trade prohibition is a restriction in which one country will not buy goods from another country unless certain standards are met or conditions are followed, such as labor standards and environmental standards. It is the opposite of a trade pre ...
*
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
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