Back to Glossary
Glossary
Preferential Duties
A Preferential Duty Rate is lower than the normal duty rate applied to the imports from third countries.
Preferential Duties
What are preferential duties?
A Preferential Duty Rate is lower than the normal duty rate applied to the imports from third countries - i.e. lower than the Most Favoured Nation (MFN) duty rate. This lower duty may be claimed for qualifying goods originating in countries with which the importing country has a Free Trade Agreement (FTA). In order for you to claim the preferential duty rate, you usually need to submit some kind of Proof of Origin.
Learn More
Related Help Articles
How Long Will It Take My Shipment to Arrive at the Final Destination?
