„Preferred Country“
What does Preferred Country stand for?
A country which has lower rates of duty imposed on its goods or is given other preferential trade treatment by another country.
Source:
Trade Agreements and PoliciesView all itemsKrugman, Paul R., Obstfeld, Maurice., and Melitz, Marc J. “International Economics: Theory and Policy”. 10th Edition, Pearson, 2014.
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