meaning ofimperial preference
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imperial preference in British English
(ɪmˈpɪərɪəl ˈprɛfərəns) British history. a proposed system whereby free trade and levelled tariffs would exist between nations belonging to the British Commonwealth, in order to increase the prosperity of and unity between these nation. Collins English Dictionary.
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Imperial preference, historically, a commercial arrangement in which preferential rates (i.e., rates below the general level of an established tariff) were granted to one another by constituent units of an empire
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