A preferential duty is a tariff that is lower than the normal tariff rate applied to FTA country imports. It is the lower rate of duty which may be claimed in respect of eligible products from countries with which the importing country has entered into a free trade agreement. It is usually necessary to provide proof of origin in order to claim the preferential tariff rate.
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The Chovm.com Team
Chovm.com is the leading platform for global wholesale trade serving millions of buyers and suppliers around the world. Through Chovm.com, small businesses can sell their products to companies in other countries. Sellers on Chovm.com are typically manufacturers and distributors based in China and other manufacturing countries such as India, Pakistan, the United States and Thailand.
