Common use of Normal Track Clause in Contracts

Normal Track. Products listed in the Normal Track by a Party on its own accord shall: (i) have their respective applied MFN tariff rates gradually reduced or eliminated in accordance with specified schedules and rates (to be mutually agreed by the Parties) over a period from 1 January 2005 to 2010 for ASEAN 6 and China, and in the case of the newer ASEAN member States, the period shall be from 1 January 2005 to 2015 with higher starting tariff rates and different staging; and (ii) in respect of those tariffs which have been reduced but have not been eliminated under paragraph 4(a)(i) above, they shall be progressively eliminated within timeframes to be mutually agreed between the Parties.

Appears in 2 contracts

Samples: Framework Agreement, Framework Agreement

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Normal Track. Products listed in the Normal Track by a Party on its own accord shall: (i) have their respective applied MFN tariff rates gradually reduced or eliminated in accordance with specified schedules and rates (to be mutually agreed by the Parties) over a period from 1 January 2005 to 2010 for ASEAN 6 and China, and in the case of the newer ASEAN member Member States, the period shall be from 1 January 2005 to 2015 with higher starting tariff rates and different staging; and (ii) in respect of those tariffs which have been reduced but have not been eliminated under paragraph 4(a)(i) above, they shall be progressively eliminated within timeframes to be mutually agreed between the Parties.

Appears in 2 contracts

Samples: Framework Agreement, Framework Agreement

Normal Track. Products listed in the Normal Track by a Party on its own accord shall: (i) i. have their respective applied MFN tariff rates gradually reduced or eliminated in accordance with specified schedules and rates (to be mutually agreed by the Parties) over a period from 1 January 2005 to 2010 for ASEAN 6 and China, and in the case of the newer ASEAN member Member States, the period shall be from 1 January 2005 to 2015 with higher starting tariff rates and different staging; and (ii) . in respect of those tariffs which have been reduced but have not been eliminated under paragraph 4(a)(i) above, they shall be progressively eliminated within timeframes to be mutually agreed between the Parties.

Appears in 2 contracts

Samples: Asean China Free Trade Agreement, Framework Agreement

Normal Track. Products listed in the Normal Track by a Party on its own accord shall: (i) have their respective applied MFN tariff rates gradually reduced or eliminated in accordance with specified schedules and rates (to be mutually agreed by the Parties) over a period from 1 January 2005 to 2010 201 for ASEAN 6 and China, and in the case of the newer ASEAN member Member States, the period shall be from 1 January 2005 to 2015 with higher starting tariff rates and different staging; and (ii) in respect of those tariffs which have been reduced but have not been eliminated under paragraph 4(a)(i) above, they shall be progressively eliminated within timeframes to be mutually agreed between the Parties.

Appears in 1 contract

Samples: Framework Agreement

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Normal Track. Products listed in the Normal Track by a Party on its own accord shall: (i) have their respective applied MFN tariff rates gradually reduced or eliminated in accordance with specified schedules and rates (to be mutually agreed by the Parties) over a period from 1 January 2005 to 2010 for ASEAN 6 and China, and in the case of the newer ASEAN member Member States, the period shall be from 1 January 2005 to 2015 with higher starting tariff rates and different staging; and (ii) in respect of those tariffs which have been reduced but have not been eliminated under paragraph 4(a)(i) above, they shall be progressively eliminated within timeframes to t o be mutually agreed between the Parties.

Appears in 1 contract

Samples: Framework Agreement

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