Preferential trading area
From Wikipedia, the free encyclopedia
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International Trade Series
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| International trade |
| History of international trade |
| Political views |
| Fair trade |
| Free trade |
| Protectionism
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| Economic integration |
| Preferential trading area |
| Free trade area |
| Customs union |
| Common market |
| Economic and monetary union |
| Other |
| Trade pact |
| Trade bloc |
| Trade creation |
| Trade diversion |
A Preferential Trade Area is a trading bloc which gives preferential access to certain products from certain countries. This is done by reducing tariffs, but does not abolish them completely.
An example of a preferential trading area is one formed by the EU and the ACP countries.
PTA is established through trade pact.
It can be said to be the weakest form of economic integration.
[edit] See also
The McGill Faculty of Law runs a Regional Trade Agreements Database that contains the text of almost all preferential and regional trade agreements in the world. ptas.mcgill.ca
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