A senior American official based in Washington who has been privy to the negotiations said G.M. feared that a Magna-controlled Opel would receive preferential treatment, like easier customs clearances, over other G.M. brands.
The term covers preferential tariffs, free-trade associations, customs unions, common markets, economic unions, and full economic integration.
In addition to tariffs, other preferential trading arrangements (e.g., customs unions) are also part of free trade agreements (Krueger 1997).
Also, they can adopt the system of preferential taxation or even abolish customs duties altogether.
The false memo, which was doctored to appear authentic and purported to be from Rudy M. Camacho, the director of the Customs Management Center in San Diego at the time, instructed customs personnel to give preferential inspection treatment to a certain trucking company that had been rumored to be affiliated with Mexican drug dealers.
Trade agreements outline how the agreement will work in practice and exactly what the agreement is – whether it is goods or goods and services, a basic preferential trade agreement, free trade or a customs union.
A further inducement to the premium traveler has been the Concorde service's preferential treatment of passengers that expedites them through customs, passport control and baggage checking, and offers them a traveling environment closer to that of a corporate jet, yet at supersonic speed.
Most favored nation tariff refers to "what countries promise to impose on imports from other members of the WTO, unless the country is part of a preferential trade agreement (such as a free trade area or customs union).
Turkey has a customs union with the EU, but tariffs are decided in Brussels and Turkey must also follow the EU's preferential agreements with non-European countries.
No preferential treatment.
