Common use of Tariff Elimination Clause in Contracts

Tariff Elimination. 1. Except as otherwise provided in this Agreement, no Party may increase any existing customs duty, or adopt any new customs duty, on an originating good of the other Party. 2. Except as otherwise provided in this Agreement, each Party shall eliminate its customs duties on originating goods of the other Party, in accordance with its Schedule to Annex 2 (Tariff Elimination). 3. The tariff elimination program established in this Chapter shall not apply to used goods, including those identified as such in headings or subheadings of the HS. Used goods also include those goods that are reconstructed, repaired, remanufactured or any other similar name given to goods that, after having been used, have been subject to some kind of process to restore their original characteristics or specifications, or to restore the functionality they had when they were new. 4. On the request of a Party, the Parties shall consult to consider accelerating the elimination of customs duties set out in their Schedules to Annex 2 (Tariff Elimination). 5. Notwithstanding Article 170 (Free Trade Commission) of Chapter 14 (Administration of the Agreement), an agreement between the Parties to accelerate the elimination of a customs duty on a good, shall supersede any duty rate or staging category determined pursuant to their Schedules to Annex 2 (Tariff Elimination) for such good, when approved by the Parties in accordance with its applicable legal procedures. 6. For greater certainty, a Party may: (a) raise a customs duty to the level established in its Schedule to Annex 2 (Tariff Elimination) following a unilateral reduction, for the year respective; or (b) maintain or increase a customs duty as authorized by the Dispute Settlement Body of the WTO or in accordance with Chapter 15 (Dispute Settlement). 7. Except for the goods included in Article 19 (Price Band System), the Parties agree that the base rates for tariff elimination are the Parties’ applied customs duties on January 1st, 2008, which are established in their Schedules to Annex 2 (Tariff Elimination).

Tariff Elimination. 1. Except as otherwise provided in this Agreement, no Party may increase any existing customs duty, or adopt any new customs duty, on an originating good of the other Party. 2. Except as otherwise provided in this Agreement, each Party shall eliminate its customs duties on originating goods of the other Party, in accordance with its Schedule to Annex 2 (Tariff Elimination). 3. The tariff elimination program established in this Chapter schedules attached to Annex 2 (Tariff Elimination) shall not apply to used goods, including those identified as such in headings or subheadings of the HSHarmonized System. Used goods also include those goods that are reconstructed, repaired, remanufactured or any other similar name given to goods that, after having been used, have been subject to some kind of process to restore their original characteristics or specifications, or to restore the functionality they had when they were new. 4. On the request of a any Party, the Parties shall consult to consider accelerating the elimination of customs duties set out in their Schedules schedules attached to Annex 2 (Tariff Elimination). 5. Notwithstanding Article 170 135 (The Free Trade Commission) of Chapter 14 (Administration of the Agreement), an agreement between the Parties to accelerate the elimination of a customs duty on a good, shall supersede any duty rate or staging category determined pursuant to their Schedules schedules attached to Annex 2 (Tariff Elimination) for such good, good when approved by the Parties in accordance with its their applicable legal procedures. 6. For greater certainty, a Party may: (a) raise a customs duty to the level established in its Schedule to Annex 2 (Tariff Elimination) following a unilateral reduction, for the year respective; or (b) maintain or increase a customs duty as authorized by the Dispute Settlement Body of the WTO or in accordance with the relevant provisions of Chapter 15 14 (Dispute Settlement)) of this Agreement. 7. Except for the goods included in Article 19 (Price Band System), the The Parties agree that the base rates for tariff elimination are the Parties’ each Party’s applied customs duties on 1st January 1st, 20082009, which are established in their Schedules respective schedule attached to Annex 2 (Tariff Elimination).