Principal supplying interest
Principal supplying interest: a right to participate in WTO tariff negotiations for specified product items based on a ranking of export interest in a given product. It is held by the WTO member having the highest ratio of exports affected by the item. It is therefore a right based on the relative magnitude of trade flows. A principal supplying interest differs from principal supplier rights which are based on absolute magnitude of trade flows. It also is unlike initial negotiating rights which are accorded by one member to another through negotiations. In determining whether a country has a principal supplying interest, the WTO secretariat may only take into account products traded on a most-favoured-nation basis. One of the purposes of the concept of principal supplying interest is to allow smaller and medium-sized traders an opportunity to initiate tariff negotiations in products of major importance to them. See also substantial supplying interest.
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
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