Word: copden
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...concession to one country be extended to all countries enjoying most-favored-nation treatment. The method, however, has the important advantages of offering nations which are willing to open their doors an opportunity to have doors opened to them in return. On at least two occasions--after the Copden-Chevalier treaty in 1860 and the Caprivi treaties in the early '09's--reciprocal agreements have led to substantial reductions in the world's tariffs...
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