Common use of Elimination or Reduction of Customs Duties Clause in Contracts

Elimination or Reduction of Customs Duties. 1. Except as otherwise provided for in this Agreement, each Party shall, in accordance with its Schedule in Annex 1,eliminate 2. The Parties shall negotiate on issues such as improvingmarket access conditions on originating goods designated fornegotiation in the Schedules in Annex 1, in accordance with theterms and conditions set out in such Schedules. 3. In cases where its most-favored-nation applied rate ofcustoms duty on a particular good is lower than the rate ofcustoms duty to be applied in accordance with paragraph 1 onthe originating good which is classified under the same tariffline as that particular good, each Party shall apply the lowerrate with respect to that originating good in accordance withits laws, regulations, and procedures.

Elimination or Reduction of Customs Duties. 1. Except as otherwise provided for in this Agreement, each Party shall, in accordance with its Schedule in Annex 1,eliminate1, eliminate or reduce its customs duties on originating goods of the other Party. 2. The Parties shall negotiate on issues such as improvingmarket improving market access conditions on originating goods designated fornegotiation for negotiation in the Schedules in Annex 1, in accordance with theterms the terms and conditions set out in such Schedules. 3. In cases where its most-favored-nation applied rate ofcustoms of customs duty on a particular good is lower than the rate ofcustoms of customs duty to be applied in accordance with paragraph 1 onthe on the originating good which is classified under the same tariffline tariff line as that particular good, each Party shall apply the lowerrate lower rate with respect to that originating good in accordance withits with its laws, regulations, and procedures.