Unlike standard most-favoured-nation (MFN) rates that apply uniformly to all trading partners, customs preferences are reduced or zero-duty rates granted exclusively to goods originating in eligible countries.
Source: https://ec.europa.eu/taxation_customs/general-information-customs/customs-procedures/customs-preferences_en
Tools that match this term
You might also be interested in these terms
Weekly: Top news, industry facts and insights from the world of logistics – free.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.