Preferential trade agreements (PTA) negotiated by the EU grant privileged access to the markets of the countries concerned. As such they are an exemption to the first principle in the World Trade Organisation, of granting equal treatment to all trade partners (MFN principle). The Community has both unilateral (preference granted by the Community with no reciprocity) and conventional preferential arrangements (reciprocal agreements establishing free trade areas). These arrangements are based on the origin of the products benefiting from tariff preferences.
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