Preferences

{
  "id": "MLC-T-ECS-001473",
  "term": "Preferences",
  "field": "Economic statistics",
  "definition": "Special trade advantages (e.g. tariff preferences) given to least developed countries by governments of developed countries in order to promote export growth and development. Special trade advantages include licensing practices, quotas or preferential application of other measures, including taxes in the non-tariff area.",
  "subject": "Foreign trade",
  "see_also": [
    "Statistics about Foreign Trade"
  ],
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/preferences/"
}