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Glossary

Preferential Duties

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A Preferential Duty Rate is lower than the normal duty rate applied to the imports from third countries.

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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.


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Related Help Articles

What are GSP and REX?

How Long Will It Take My Shipment to Arrive at the Final Destination? 

Other Resources

EU-Singapore Free Trade Agreement (EUSFTA) 

New UK Generalized System of Preferences

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