A term used in economics to describe commercial treaties entered into by two countries, by which it is agreed that, while a strictly protective tariff is maintained as regards other countries, certain articles shall be allowed to pass between the two contracting countries free of or with only light duties; this is the cardinal principle of Fair Trade, and is so far opposed to Free Trade.
The Nuttall Encyclopædia: Being a Concise and Comprehensive Dictionary of General Knowledge[1] is a late 19th-century encyclopedia, edited by Rev. James Wood, first published in London in 1900 by Frederick Warne & Co Ltd.
WikipediaEditions were recorded for 1920, 1930, 1938 and 1956 and was still being sold in 1966. Editors included G. Elgie Christ and A. L. Hayden for 1930, Lawrence Hawkins Dawson for 1938 and C. M. Prior for 1956.[2]
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