Trade Agreement Preferential Tariff
Second, the term “preferential trade agreement” can be used to refer to party agreements. These agreements provide preferential market access by reducing import duties on a limited quantity of goods. The Generalised System of Preferences (GSP) is an important example of this: a unilateral preferential programme offered by many industrialised countries (e.g. B the United States, Switzerland, Japan and the EU) from a number of developing and least developed countries. Preferential rules of origin shall be applied in order to prevent third countries from benefiting from the preferential rights offered to the selected countries. The World Trade Organization designates unilateral preferential trade agreements and reciprocal trade agreements as regional trade agreements. Discounted rates are called preferential rates because they offer preferential treatment to FTA members. They are negotiated separately under each agreement and vary considerably from one agreement to another. Before marketing goods under preferential tariff treatment, exporters/importers should review the preferential rates of their products under the trade agreement they intend to use (see checklist for exporters/importers).
Several hundred bilateral SAAs have been signed since the beginning of the twentieth century. The Trend project of the Canada Research Chair in International Political Economy lists approximately 700 trade agreements, the vast majority of which are bilateral.  A preferential trade area (including preferential trade agreements, PTAs) is a trading bloc that gives preferential access to certain products from participating countries. This requires the reduction of customs duties, but not their total elimination. A PTA can be established by a trade pact. This is the first step in economic integration. The boundary between a PTA and a free trade area (PTA) can blur, with almost all PTAs having the main objective of becoming a free trade agreement under the General Agreement on Tariffs and Trade. *On January 1, 1994, the North American Free Trade Agreement between the United States, Canada and Mexico (NAFTA) entered into force. The documents published on this site reflect the original NAFTA tariff reduction plan. Following the entry into force of the agreement, the United States concluded four rounds of accelerated customs destruction with Mexico and Canada.
In addition, the Harmonized System nomenclature has been amended three times since 1994, necessitated corresponding changes to the NAFTA nomenclature and rules of origin. .