Colonial Preference

Colonial Preference refers to a trade policy where a colonial power grants special trading advantages to goods imported from its own colonies compared to those from other nations. This often includes lower tariffs or preferential pricing, encouraging economic ties between the colonizer and its colonies. The aim was to benefit the colonial economy, support local industries, and ensure a steady supply of resources for the colonizer. It played a significant role in shaping economic relationships during the colonial era, promoting dependency while limiting competition from other countries.