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Special and differential treatment
A set of GATT provisions (in Article 18) that exempts developing countries from the same strict trade rules and disciplines of more industrialised countries. In the Uruguay Round Agreement on Agriculture, for example, developing countries are given longer time periods to phase in export subsidy and tariff reductions than the more industrialised countries.
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- Part of Speech: noun
- Synonym(s):
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- Industry/Domain: Agriculture
- Category: Agricultural programs & laws
- Company: USDA
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