Tariffs
Special and Differential Treatment
WTO principle granting developing countries longer timeframes and less strict obligations in trade liberalization.
WTO principle granting developing countries longer timeframes and less strict obligations in trade liberalization.
Special and differential treatment is a fundamental WTO principle recognizing asymmetries between developed and developing countries, granting the latter flexibility in implementing trade commitments.
Most Favored Nation
A WTO principle requiring that any trade advantage granted to one member country must automatically be extended to all other WTO members.
TariffsTariff Phase-Out
The gradual and programmed reduction of import tariffs established in free trade agreements, bringing duties from their original level to zero over a determined period.
TradeFree Trade Agreement (FTA)
International agreement that eliminates or reduces tariffs and trade barriers between signatory countries.