Common use of Trade in Goods Clause in Contracts

Trade in Goods. 1. Except as otherwise provided in this Agreement, each Party shall progressively eliminate its customs duties on originating goods of the other Party in accordance with Annex 2.1 and its schedule1 to Annex 2.1. 2. For purposes of this Agreement, originating good means an article described in Annex 2.2. 3. Each Party shall accord national treatment to the goods of the other Party in accordance with Article III of the GATT 1994, including its interpretative notes. To this end, Article III of GATT 1994 and its interpretative notes are incorporated into and made a part of this Agreement, subject to Annex 2.3. 4. A Party may not introduce a new customs duty on imports or a new quantitative restriction on imports in the trade between the Parties, other than as permitted by this Agreement, subject to Annex 2.3. 5. In the event that this Agreement enters into force on a date other than January 1, “year one” for purposes of Annex 2.1 and each Party’s schedule to Annex 2.1 shall mean the period from the date of entry into force of this Agreement through the end of the calendar year, and the duty reductions in each Party’s schedule to Annex 2.1 shall take effect on such date of entry into force. In such event, the term “January 1 of year one” for purposes of Annex 2.1 and each Party’s schedule to Annex 2.1 shall mean the date of entry into force of this Agreement.

Trade in Goods. 1. Except as otherwise provided in this Agreement, each Party shall progressively eliminate its customs duties on originating goods of the other Party in accordance with Annex 2.1 and its schedule1 to Annex 2.1. 2. For purposes of this Agreement, originating good means an article described in Annex 2.2. 3. Each Party shall accord national treatment to the goods of the other Party in accordance with Article III of the GATT 1994, including its interpretative notes. To this end, Article III of GATT 1994 and its interpretative notes are incorporated into and made a part of this Agreement, subject to Annex 2.3. 4. A Party may not introduce a new customs duty on imports or a new quantitative restriction on imports in the trade between the Parties, other than as permitted by this Agreement, subject to Annex 2.3. 5. In the event that this Agreement enters into force on a date other than January 1, “year one” for purposes of Annex 2.1 and each Party’s schedule to Annex Annex 2.1 shall mean the period from the date of entry into force of this Agreement through the end of the calendar year, and the duty reductions in each Party’s schedule to Annex 2.1 shall take effect on such date of entry into force. In such 1 For purposes of this Agreement, "schedule" shall include both the schedule and headnotes. event, the term “January 1 of year one” for purposes of Annex 2.1 and each Party’s schedule to Annex 2.1 shall mean the date of entry into force of this Agreement.

Trade in Goods. 1. Except as otherwise provided in this Agreement, each Party shall progressively eliminate its customs duties on originating goods of the other Party in accordance with Annex 2.1 and its schedule1 schedule 1 to Annex 2.1. 2. For purposes of this Agreement, originating good means an article described in Annex 2.2. 3. Each Party shall accord national treatment to the goods of the other Party in accordance with Article III of the GATT 1994, including its interpretative notes. To this end, Article III of GATT 1994 and its interpretative notes are incorporated into and made a part of this Agreement, subject to Annex 2.3. 4. A Party may not introduce a new customs duty on imports or a new quantitative restriction on imports in the trade between the Parties, other than as permitted by this Agreement, subject to Annex 2.3. 5. In the event that this Agreement enters into force on a date other than January 1, “"year one” " for purposes of Annex 2.1 and each Party’s 's schedule to Annex 2.1 shall mean the period from the date of entry into force of this Agreement through the end of the calendar year, and the duty reductions in each Party’s 's schedule to Annex 2.1 shall take effect on such date of entry into force. In such event, the term “"January 1 of year one” " for purposes of Annex 2.1 and each Party’s 's schedule to Annex 2.1 shall mean the date of entry into force of this Agreement.