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Preferential Tariffs

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Abstract

Tariff preferences refer to measures that involve tariff reductions which benefit certain goods originating in certain countries. Historically tariff preferences were agreed on a reciprocal basis to recognize special relations between states. The multilateralization of trade implied the generalization of preferences, which become an instrument for development cooperation. Tariff preferences might be accorded, unilaterally or through regional agreement schemes, to developing countries. However the progressive reduction of tariffs in international trade limits the role of tariff preferences as an instrument to agree a special treatment to certain kind of countries. Besides the increasing diversity of states requires of flexible instruments that allow special and differential treatment to better adapt to development, financial and trade needs.

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Correspondence to Laura Huici Sancho .

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Sancho, L.H. (2019). Preferential Tariffs. In: Marciano, A., Ramello, G.B. (eds) Encyclopedia of Law and Economics. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-7753-2_379

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