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Preferential trading area

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Title: Preferential trading area  
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Subject: Economic integration, Customs union, Economic and monetary union, Single market, Customs and monetary union
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Preferential trading area

A preferential trade area (also preferential trade agreement, PTA) is a trading bloc that gives preferential access to certain products from the participating countries. This is done by reducing tariffs but not by abolishing them completely. A PTA can be established through a trade pact. It is the first stage of economic integration. The line between a PTA and a free trade area (FTA) may be blurred, as almost any PTA has a main goal of becoming a FTA in accordance with the General Agreement on Tariffs and Trade.

These tariff preferences have created numerous departures from the

  • WTO PTA list
  • World Bank PTA database

External links

  1. ^ CRS Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition - Order Code 97-905
  2. ^ From 18 March 1981 LI5342
  3. ^ From 1 January 1981 WT/COMTD/N/29

References

See also

Bilateral

Multilateral

A free trade area is basically a preferential trade area with increased depth and scope of tariffs reduction. All free trade areas, customs unions, common markets, economic unions, customs and monetary unions and economic and monetary unions are considered advanced forms of a PTA.

Stages of economic integration around the World:
(each country colored according to the most advanced agreement that it participates into.)

List of preferential trade areas

Contents

  • List of preferential trade areas 1
    • Multilateral 1.1
    • Bilateral 1.2
  • See also 2
  • References 3
  • External links 4

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