Asymmetrical trade agreements
Asymmetrical trade agreements: these are in the main bilateral trade agreements with unequal sets of obligations for the partners. This might mean different timetables for tariff reductions or the phasing out of non- tariff measures. In other cases, one party might give free entry to the products of the other party without expecting similar treatment in return. See also Caribbean Basin Initiative, GSP, ACP-EC Partnership Agreement and SPARTECA as examples of such agreements.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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