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Common use of Import Duties Clause in Contracts

Import Duties. 1. Unless otherwise provided for in this Agreement, each Party shall grant tariff concessions on goods originating in another Party in accordance with Annexes II to V (Schedules on Tariff Commitments on Goods). 2. Unless otherwise provided for in this Agreement, a Party shall not increase import duties, or introduce new import duties, on goods originating in another Party covered by Annexes II to V (Schedules on Tariff Commitments on Goods). 3. Paragraph 2 shall not preclude a Party from: (a) raising an import duty to the level established in Annexes II to V (Schedules on Tariff Commitments on Goods) following a unilateral reduction; or (b) maintaining or increasing an import duty as authorised by the Dispute Settlement Body of the WTO. 4. If a Party, after the entry into force of this Agreement, reduces its applied most favoured nation (MFN) import duty, that import duty shall apply to trade in goods originating in another Party if it is lower than the import duty calculated in accordance with Annexes II to V (Schedules on Tariff Commitments on Goods). 5. Consultations may be held in the Joint Committee to consider further improvements of the tariff concessions set out in the respective Annexes II to V (Schedules on Tariff Commitments on Goods), taking account of the pattern of trade between the Parties and the sensitivities of the goods. 6. For the purposes of this Agreement, "import duties" means any duties, taxes or charges applied in connection with the importation of goods, except those applied in conformity with: (a) Article II of the GATT 1994; (b) Articles 2.14 (Subsidies and Countervailing Measures), 2.15 (Anti- dumping), 2.16 (Global Safeguard Measures) or 2.17 (Bilateral Safeguard Measures); (c) Article VIII of the GATT 1994.

Appears in 3 contracts

Samples: Comprehensive Economic Partnership Agreement, Comprehensive Economic Partnership Agreement, Comprehensive Economic Partnership Agreement

Import Duties. 1. Unless otherwise provided for in this Agreement, each Party shall grant tariff concessions on goods originating in another Party in accordance with Annexes II to V (Schedules on Tariff Commitments on Goods). 2. Unless otherwise provided for in this Agreement, a Party shall not increase import duties, or introduce new import duties, on goods originating in another Party covered by Annexes II to V (Schedules on Tariff Commitments on Goods). 3. Paragraph 2 shall not preclude a Party from: (a) raising an import duty to the level established in Annexes II to V (Schedules on Tariff Commitments on Goods) following a unilateral reduction; or (b) maintaining or increasing an import duty as authorised by the Dispute Settlement Body of the WTO. 4. If a Party, after the entry into force of this Agreement, reduces its applied most favoured nation (MFN) import duty, that import duty shall apply to trade in goods originating in another Party if it is lower than the import duty calculated in accordance with Annexes II to V (Schedules on Tariff Commitments on Goods). 5. Consultations may be held in the Joint Committee to consider further improvements of the tariff concessions set out in the respective Annexes II to V (Schedules on Tariff Commitments on Goods), taking account of the pattern of trade between the Parties and the sensitivities of the goods. 6. For the purposes of this Agreement, "β€œimport duties" ” means any duties, taxes or charges applied in connection with the importation of goods, except those applied in conformity with: (a) Article II III of the GATT 1994; (b) Articles 2.14 (Subsidies and Countervailing Measures), 2.15 (Anti- dumping), 2.16 (Global Safeguard Measures) or 2.17 (Bilateral Safeguard Measures); (c) Article VIII of the GATT 1994.

Appears in 1 contract

Samples: Comprehensive Economic Partnership Agreement