Reduction and/or Elimination of Customs Duties. 1. Each Party shall reduce and/or eliminate its customs duties on originating goods of the other Party in accordance with Annex 2A and Annex 2B and their respective headnotes. 2. Upon request by a Party, the Parties shall consult each other to consider the possibility of accelerating the reduction and/or elimination of customs duties as set out in the Annexes referred to in paragraph 1. An agreement by the Parties to accelerate the reduction and/or elimination of customs duties on any goods, shall replace the terms established for those goods in this Article and the Annexes referred to in paragraph 1 in accordance with Article 16.7.
Appears in 7 contracts
Samples: Comprehensive Economic Cooperation Agreement, Comprehensive Economic Cooperation Agreement, Comprehensive Economic Cooperation Agreement
