Imperial preferences arrangement
Imperial preferences arrangement: established formally at the 1932 Ottawa Imperial Conference, but discussed seriously at imperial conferences at least since 1917. It was of course a factor in British politics much earlier. The basic feature of the arrangement was that pairs of countries making up the British Empire at the time exchanged reciprocal trade preferences. The United Kingdom was a party to the agreements in most cases. The arrangement became a target of United States commercial policy at the time of the drafting of the Atlantic Charter in 1941, and again in Article 7 of the mutual aid agreement between the United Kingdom and the United States of 1942. The Article sought "the elimination of all forms of discriminatory treatment in international commerce". When the GATT entered into force in 1948, it prohibited an increase in all margins of preference. This ceiling, combined with negotiated tariff reductions under the GATT, ensured that preference margins were soon eroded. Some remain in existence, and they are usually defended vigorously by those enjoying them. The increasing use of the term "British Commonwealth of Nations" in the inter-war years also led to the more widespread use of Commonwealth
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
If you are the author of the text above and you not agree to share your knowledge for teaching, research, scholarship (for fair use as indicated in the United States copyrigh low) please send us an e-mail and we will remove your text quickly. Fair use is a limitation and exception to the exclusive right granted by copyright law to the author of a creative work. In United States copyright law, fair use is a doctrine that permits limited use of copyrighted material without acquiring permission from the rights holders. Examples of fair use include commentary, search engines, criticism, news reporting, research, teaching, library archiving and scholarship. It provides for the legal, unlicensed citation or incorporation of copyrighted material in another author's work under a four-factor balancing test. (source: http://en.wikipedia.org/wiki/Fair_use)
The information of medicine and health contained in the site are of a general nature and purpose which is purely informative and for this reason may not replace in any case, the council of a doctor or a qualified entity legally to the profession.
The following texts are the property of their respective authors and we thank them for giving us the opportunity to share for free to students, teachers and users of the Web their texts will used only for illustrative educational and scientific purposes only.
All the information in our site are given for nonprofit educational purposes
The information of medicine and health contained in the site are of a general nature and purpose which is purely informative and for this reason may not replace in any case, the council of a doctor or a qualified entity legally to the profession.
www.riassuntini.com