reverse preference

reverse preference definition - business

reverse preference

In international trade, a tariff benefit offered by a developing country for goods imported from a developed country in return for tariff reductions granted by the developed country.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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