Definition "trade agreement between two or more countries, allowing them to reduce the tariffs charged on specific goods when trading with each other" Reference "COM-EN, based on: 'preferential trade agreement' (25.8.2022), The Law Dictionary"
Comment Even though the tariffs are not completely removed, the amount charged is much less than the amount charged to countries which are not included in the agreement.
Definition accord commercial qui contient des dispositions de nature tarifaire plus favorables que celles qui découlent de l'application des règles standard du GATT Reference Vocabulaire du budget des CE,SdT/202/92,PH:art.105,2