Trade
Partial Scope Agreement
Trade agreement between countries covering only certain products or sectors, not the entire tariff universe like an FTA.
Trade agreement between countries covering only certain products or sectors, not the entire tariff universe like an FTA.
A partial scope agreement grants tariff preferences for only a limited group of bilaterally negotiated products, unlike an FTA which seeks complete trade liberalization.
Free Trade Agreement (FTA)
International agreement that eliminates or reduces tariffs and trade barriers between signatory countries.
TariffsTariff Preference
A reduction or elimination of the import tariff granted to goods originating from a country with which an active trade agreement exists.
TradeTrade Agreement
A pact between two or more countries establishing preferential conditions for goods and services exchange, reducing tariff and non-tariff barriers to bilateral or multilateral trade.