imperial preference

Programme of tariff reform within the British Empire, advocated by Joseph Chamberlain at the turn of the 20th century. Colonial products would receive preference in Britain's domestic market while duties would be levied on foreign foodstuffs and goods. Likewise, British industry would get favourable treatment in colonial markets at the expense of foreign competition. The revenue generated would pay for social welfare and defence measures. A limited programme was introduced with the Ottawa Agreements in 1932.