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

Reduction or Elimination of Customs Duties. 1. Except as otherwise provided in this Agreement, each Party shall progressively reduce or eliminate its customs duties on originating goods of the other Party in accordance with its Schedule to Annex 2-A. 2. On the request of either Party, the Parties shall consult to consider possibility of accelerating the reduction or elimination of customs duties set out in their Schedules to Annex 2-A. An agreement by the Parties to accelerate the reduction or elimination of a customs duty on a good shall supersede any duty rate or staging category determined pursuant to their Schedules to Annex 2-A for that good when approved by each Party in accordance with its applicable legal procedures. 3. A Party may unilaterally accelerate the reduction or elimination of customs duties set out in its Schedule to Annex 2-A at any time if it so wishes. A Party shall notify the other Party through a diplomatic note immediately after completion of the internal procedures required for the amendments to enter into force. Such amendments shall enter into force on the date specified in the diplomatic note, or in any event, within 90 days of such notification. Any concessions granted by the Party according to the unilateral acceleration set out therein shall not be withdrawn. 4. If at any moment a Party reduces its applied most-favored-nation (hereinafter referred to as "MFN") customs duty rate after the entry into force of this Agreement, that duty rate shall apply as regards trade covered by this Agreement if and for as long as it is lower than the customs duty rate calculated in accordance with its Schedule to Annex 2-A.

Reduction or Elimination of Customs Duties. 1. Except as otherwise provided for in this Agreement, each Party shall progressively reduce or eliminate its customs duties on originating goods of the other Party in accordance with its Schedule to Annex 2-A. 2. On the Upon request of either a Party, the Parties shall will consult to consider possibility of accelerating the reduction or elimination of customs duties set out in their Schedules to Annex 2-A. An agreement by the Parties to accelerate the reduction or elimination of a customs duty on a good shall supersede any duty rate or staging category determined pursuant to their Schedules to Annex 2-A for that good when approved by each Party in accordance with its applicable legal procedures. 3. A Party may unilaterally accelerate the reduction or elimination of customs duties set out in its Schedule to Annex 2-A at any time if it so wishes. A wishes to amend the Schedule to Annex 2-A. That Party shall promptly notify the other Party through a diplomatic note immediately after completion of the internal procedures required for the amendments to enter into force. Such amendments shall enter into force on the date specified in the diplomatic note, or in any event, within 90 days of such notification. Any concessions concession granted by the Party according to the unilateral acceleration set out therein shall not be withdrawn. 4. If at any moment a Party reduces its applied most-favored-nation (hereinafter referred to as "“MFN"”) customs duty rate after the date of entry into force of this Agreement, that duty rate shall apply as regards trade covered by this Agreement if and for as long as it is lower than the customs duty rate calculated in accordance with its Schedule to Annex 2-A.

Reduction or Elimination of Customs Duties. 1. Except as otherwise provided in this Agreement, neither Party shall increase any existing customs duty as specified in its Schedule in Annex 2-A, or adopt any new customs duty, on an originating good. 2. Except as otherwise provided in this Agreement, each Party shall progressively gradually reduce or eliminate its customs duties on originating goods of the other Party in accordance with its Schedule to in Annex 2-A. 23. On the request of either Party, the Parties shall consult to consider possibility of accelerating the reduction or elimination of customs duties set out in their Schedules to in Annex 2-A. An agreement by the Parties to accelerate the reduction or elimination of a customs duty on a good shall supersede any duty rate or staging category determined pursuant to their Schedules to in Annex 2-A for that good when approved by each Party in accordance with its applicable legal procedures. 34. A Party may unilaterally accelerate the reduction or elimination of customs duties set out in its Schedule to in Annex 2-A at any time if it so wishes. A Such Party shall notify the other Party through a diplomatic note immediately after completion of the internal procedures required for the amendments to enter into force. Such amendments shall enter into force on the date specified in the diplomatic note, or in any event, within 90 days of such notification. Any concessions granted by the Party according to the unilateral acceleration set out therein shall not be withdrawn. 45. If at any moment a Party reduces its applied most-favored-nation (hereinafter referred to as "“MFN"”) applied rate of customs duty rate after the entry into force of this Agreement, that duty rate shall apply as regards trade covered by this Agreement if and for as long as it is lower than the customs duty rate calculated in accordance with its Schedule to in Annex 2-A. 6. For greater certainty, a Party may: (a) raise a customs duty to the level established in its Schedule in Annex 2-A following a unilateral reduction or elimination; or (b) maintain or increase a customs duty as authorized by the Dispute Settlement Body of the WTO.

Reduction or Elimination of Customs Duties. 1. Except as otherwise provided in this Agreement, neither Party shall increase any existing customs duty as specified in its Schedule in Annex 2-A, or adopt any new customs duty, on an originating good. 2. Except as otherwise provided in this Agreement, each Party shall progressively gradually reduce or eliminate its customs duties on originating goods of the other Party in accordance with its Schedule to in Annex 2-A. 23. On the request of either Party, the Parties shall consult to consider possibility of accelerating the reduction or elimination of customs duties set out in their Schedules to in Annex 2-A. An agreement by the Parties to accelerate the reduction or elimination of a customs duty on a good shall supersede any duty rate xxxx or staging category determined pursuant to their Schedules to in Annex 2-A for that good when approved by each Party in accordance with its applicable legal procedures. 34. A Party may unilaterally accelerate the reduction or elimination of customs duties set out in its Schedule to in Annex 2-A at any time if it so wishes. A Such Party shall notify the other Party through a diplomatic note immediately after completion of the internal procedures required for the amendments to enter into force. Such amendments shall enter into force on the date specified in the diplomatic note, or in any event, within 90 days of such notification. Any concessions granted by the Party according to the unilateral acceleration set out therein shall not be withdrawn. 45. If at any moment a Party reduces its applied most-favored-nation (hereinafter referred to as "MFN"âMFNâ) applied rate of customs duty rate after the entry into force of this Agreement, that duty rate shall apply as regards trade covered by this Agreement if and for as long as it is lower than the customs duty rate calculated in accordance with its Schedule to in Annex 2-A. 6. For greater certainty, a Party may: (a) raise a customs duty to the level established in its Schedule in Annex 2-A following a unilateral reduction or elimination; or (b) maintain or increase a customs duty as authorized by the Dispute Settlement Body of the WTO.