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, neither Party shall increase any existing customs duty, or adopt any new customs duty, on an originating good. 2. Except as otherwise provided in this Agreement, each Party shall gradually reduce or eliminate its customs duties on originating goods in accordance with its Schedule in Annex 2-A. 3. On the request of either Party, the Parties shall consult to consider accelerating the reduction or elimination of customs duties set out in their Schedules in Annex 2-A. An agreement by the Parties to accelerate the reduction or elimination of a customs duty on an originating good shall supersede any duty rate or staging category determined pursuant to their Schedules in Annex 2-A for that good when approved by each Party in accordance with its applicable legal procedures. 4. A Party may unilaterally accelerate the reduction or elimination of customs duties set out in its Schedule in Annex 2-A at any time if it so wishes. The 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. 5. In accordance with the WTO Agreement, originating goods of the other Party shall be eligible, at the time of importation, for the most-favored- nation (hereinafter referred to as “MFN”) applied rate of customs duty for those goods in a Party, where that rate is lower than the rate of customs duty provided for in that Party’s Schedule in Annex 2-A. Each Party shall make publicly available any amendments to the MFN rate on the internet. 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 dutyduty 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 gradually reduce or eliminate its customs duties on originating goods in accordance with its Schedule in Annex 2-A. 3. On the request of either Party, the Parties shall consult to consider accelerating the reduction or elimination of customs duties set out in their Schedules in Annex 2-A. An agreement by the Parties to accelerate the reduction or elimination of a customs duty on an originating a good shall supersede any duty rate xxxx or staging category determined pursuant to their Schedules in Annex 2-A for that good when approved by each Party in accordance with its applicable legal procedures. 4. A Party may unilaterally accelerate the reduction or elimination of customs duties set out in its Schedule in Annex 2-A at any time if it so wishes. The 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. 5. In accordance with the WTO Agreement, originating goods of the other If at any moment a Party shall be eligible, at the time of importation, for the reduces its most-favored- favored-nation (hereinafter referred to as “MFN”âMFNâ) applied rate of customs duty after the entry into force of this Agreement, that duty rate shall apply as regards trade covered by this Agreement if and for those goods in a Party, where that rate as long as it is lower than the rate of customs duty provided for rate calculated in that Party’s accordance with its Schedule in Annex 2-A. Each Party shall make publicly available any amendments to the MFN rate on the internet.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 dutyduty 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 gradually reduce or eliminate its customs duties on originating goods in accordance with its Schedule in Annex 2-A. 3. On the request of either Party, the Parties shall consult to consider accelerating the reduction or elimination of customs duties set out in their Schedules in Annex 2-A. An agreement by the Parties to accelerate the reduction or elimination of a customs duty on an originating a good shall supersede any duty rate or staging category determined pursuant to their Schedules in Annex 2-A for that good when approved by each Party in accordance with its applicable legal procedures. 4. A Party may unilaterally accelerate the reduction or elimination of customs duties set out in its Schedule in Annex 2-A at any time if it so wishes. The 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. 5. In accordance with the WTO Agreement, originating goods of the other If at any moment a Party shall be eligible, at the time of importation, for the reduces its most-favored- favored-nation (hereinafter referred to as “MFN”) applied rate of customs duty after the entry into force of this Agreement, that duty rate shall apply as regards trade covered by this Agreement if and for those goods in a Party, where that rate as long as it is lower than the rate of customs duty provided for rate calculated in that Party’s accordance with its Schedule in Annex 2-A. Each Party shall make publicly available any amendments to the MFN rate on the internet.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, or adopt any new customs duty, on an originating good. 2. Except as otherwise provided in this Agreement, each cach Party shall gradually reduce or eliminate its customs duties on originating goods in accordance with its Schedule in Annex 2-A. 3. On the request of either Party, the Parties shall consult to consider accelerating the reduction or elimination of customs duties set out in their Schedules in Annex 2-A. An agreement by the Parties to accelerate the reduction or elimination of a customs duty on an originating good shall supersede any duty rate or staging category determined pursuant to their Schedules in Annex 2-A for that good when approved by each Party in accordance with its applicable legal procedures. 4. A Party may unilaterally accelerate the reduction or elimination of customs duties set out in its Schedule in Annex 2-A at any time if it so wishes. The 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. 5. In accordance with the WTO Agreement, originating goods of the other Party shall be eligible, at the time of importation, for the most-favored- nation (hereinafter referred to as “MFN”âMFNâ) applied rate of customs duty for those goods in a Party, where that rate is lower than the rate of customs duty provided for in that Party’s Partyâs Schedule in Annex 2-A. Each Party shall make publicly available any amendments to the MFN rate on the internet. 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.