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Common use of Import Duties Clause in Contracts

Import Duties. 1. Upon entry into force of this Agreement, the Parties shall abolish all customs duties and charges having equivalent effect to customs duties on imports of products originating in a Party covered by Article 2.1, except as otherwise provided for in Annexes IV and V. No new customs duties and charges having equivalent effect to customs duties shall be introduced. 2. Import duties and charges having equivalent effect to import duties include any duty or charge of any kind imposed in connection with the importation of a product, including any form of surtax or surcharge, but does not include any charge imposed in conformity with Articles III and VIII of the GATT 1994. 3. The Parties recognise that they may, following a unilateral tariff reduction, raise a customs duty to the level established in the tariff dismantling schedule of each Party, for the respective year.

Appears in 3 contracts

Samples: Free Trade Agreement, Free Trade Agreement, Trade Agreement

Import Duties. 1. Upon entry into force of this Agreement, the Parties shall abolish all customs duties and charges having equivalent effect to customs duties on imports of products originating in a Party covered by subparagraph (a) of Article 2.1, except as otherwise provided for in Annexes IV and V. 2.1 (Scope). No new customs duties and charges having equivalent effect to customs duties on imports shall be introduced. 2. Import Customs duties and charges having equivalent effect to import customs duties on imports include any duty or charge of any kind imposed in connection with the importation of a product, including any form of surtax or surcharge, but does not include any charge imposed in conformity with Articles III and VIII of the GATT 1994. 3. The Parties recognise that they may, following a unilateral tariff reduction, raise a customs duty to the level established in the tariff dismantling schedule of each Party, for the respective year.

Appears in 2 contracts

Samples: Free Trade Agreement, Free Trade Agreement