non-preferential
The term "non-preferential" refers to a situation or approach that does not favor one option over another. In various contexts, such as economics or policy-making, non-preferential treatment means that all parties are treated equally without bias or favoritism. This ensures fairness and impartiality in decision-making processes.
In international trade, non-preferential tariffs are applied uniformly to all countries, as opposed to preferential tariffs that offer reduced rates to specific nations. This concept is crucial for maintaining equitable trade relations and preventing discrimination among trading partners, thereby promoting a level playing field in global commerce.