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JAMB Commerce 1998 Question 49

Question 49

Economic Integration

The reduction of import duties among the member countries of ECOWAS is an example of

  1. A.preference duties
  2. B.preferential treatment
  3. C.preferential tariffs
  4. D.preferential excise.
Show the answer and explanation

Answer: C (preferential tariffs)

Explanation

Lower import duties for member countries are preferential tariffs.