Common use of Basic Duties Clause in Contracts

Basic Duties. 1. In trade between the Parties covered by this Agreement, the Parties shall apply their respective Customs Tariffs on the classification of goods for imports into them. 2. For each product the basic duty to which successive reductions set out in this Agreement are to be applied shall be the Most Favoured Nation (MFN) duty that was in force in the Parties on the date of entry into force of this Agreement. 3. If after entry into force of this Agreement, any tariff reduction is applied on an erga omnes basis, in particular, reductions resulting from the tariff negotiations in the WTO, such reduced duties shall replace the basic duties referred to in paragraph 2 as from that date when such reductions are applied. 4. The Parties shall communicate to each other their respective basic duties.

Basic Duties. 1. In trade between the Parties For commercial exchanges covered by this Agreement, the Parties shall apply their respective Customs Tariffs on the classification of goods for imports into them. 2. For each product the basic duty to which successive reductions set out in this Agreement are to be applied shall be the Most Favoured Nation (MFN) duty that was in force in the Parties Parties, erga omnes, on the date of entry into force of this Agreement. 3. If after entry into force of this Agreement, any tariff reduction is applied on an erga omnes basis, in particular, reductions resulting from the tariff negotiations in agreement concluded within the WTO, such reduced duties shall replace the basic duties referred to in paragraph 2 as from that date when such reductions are applied. 4. The Parties shall communicate to each other their respective basic duties.

Basic Duties. 1. In the trade between the Parties covered by this Agreement, the Parties shall apply their respective Customs Tariffs on the classification of goods for imports into them. 2. For each product the basic duty to which successive reductions set out in this Agreement are to be applied shall be the Most Favoured Favored Nation (MFN) duty that was in force in the Parties on the date of entry into force of this Agreement. 3. If after entry into force of this Agreement, any tariff reduction is applied on an erga omnes basis, in particular, reductions resulting from the tariff negotiations in the WTO, such reduced duties shall replace the basic duties referred to in paragraph 2 as from that date when such reductions are applied. 4. The Parties shall communicate to each other their respective basic duties.

Basic Duties. 1. In the trade between the Parties covered by this Agreement, the Parties shall apply their respective Customs Tariffs on the classification of goods for imports into them.into 2. For each product the basic duty to which successive reductions set out in this Agreement are to be applied shall be the Most Favoured Favored Nation (MFN) duty that was in force in the Parties on the date of entry into force of this Agreement. 3. If after entry into force of this Agreement, any tariff reduction is applied on an erga omnes basis, in particular, reductions resulting from the tariff negotiations in the WTO, such reduced duties shall replace the basic duties referred to in paragraph 2 as from that date when such reductions are applied. 4. The Parties shall communicate to each other their respective basic duties.. CHAPTER I