Common use of Elimination of Customs Duties Clause in Contracts

Elimination of Customs Duties. 1. Unless otherwise provided for in this Agreement, each Party shall reduce or eliminate its customs duties on goods originating in the other Party in accordance with Annex 2-A (Tariff elimination schedules). 2. For the purposes of paragraph 1, the base rate of customs duties shall be the base rate specified for each good in Annex 2-A (Tariff elimination schedules). 3. If a Party reduces its applied most-favoured-nation customs duty rate, such duty rate shall apply to goods originating in the other Party for as long as it is lower than the customs duty rate determined pursuant to Annex 2-A (Tariff elimination schedules). 4. Two years after the date of entry into force of this Agreement, on the request of a Party, the Parties shall consult to consider accelerating the reduction or elimination of customs duties set out in Annex 2-A (Tariff elimination schedules). The Trade Committee may adopt a decision to amend Annex 2-A (Tariff elimination schedules) to accelerate the tariff reduction or elimination. 5. A Party may at any time autonomously accelerate the elimination of customs duties set out in Annex 2-A (Tariff elimination schedules) on goods originating in the other Party. That Party shall inform the other Party as early as practicable before the new customs duty rate takes effect. 6. If a Party autonomously accelerates the elimination of customs duties in accordance with paragraph 5 of this Article, that Party may raise the customs duties concerned to the level set out in Annex 2-A (Tariff elimination schedules) for the respective year following any autonomous reduction.

Elimination of Customs Duties. 1. Unless otherwise provided for in this Agreement, each Party shall reduce or eliminate its customs duties on goods originating in the other Party in accordance with Annex 2-A (Tariff elimination schedules). 2. For the purposes of paragraph 1, the base rate of customs duties shall be the base rate specified for each good in Annex 2-A (Tariff elimination schedules). 3. If a Party reduces its applied most-favoured-nation customs duty rate, such that duty rate shall apply to goods originating in the other Party for as long as it is lower than the customs duty rate determined pursuant to Annex 2-A (Tariff elimination schedules). 4. Two years after the date of entry into force of this Agreement, on the request of a Party, the Parties shall consult to consider accelerating the reduction or elimination of customs duties set out in Annex 2-A (Tariff elimination schedules). The Trade Committee may adopt a decision to amend Annex 2-A (Tariff elimination schedules) to accelerate the tariff reduction or elimination. 5. A Party may at any time autonomously accelerate the elimination of customs duties set out in Annex 2-A (Tariff elimination schedules) on goods originating in the other Party. That Party shall inform the other Party as early as practicable before the new customs duty rate takes effect. 6. If a Party autonomously accelerates the elimination of customs duties in accordance with paragraph 5 of this Article5, that Party may raise the a customs duties concerned duty to the level set out in Annex 2-A (Tariff elimination schedules) for the respective year following any autonomous reduction.

Elimination of Customs Duties. 1. Unless Except as otherwise provided for in this Agreement, neither Party shall 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 reduce or progressively eliminate its customs duties on originating goods originating in of the other Party in accordance with Annex 2-A (Tariff elimination schedules). 2. For the purposes of paragraph 1, the base rate of customs duties shall be the base rate specified for each good its Schedule in Annex 2-A (Tariff elimination schedules).A. 3. If at any moment a Party reduces its applied most-favoured-nation (hereinafter referred to as "MFN") customs duty raterate after the date of entry into force of this Agreement, such that duty rate shall apply to goods originating in the other Party as regards trade covered by this Agreement if and for as long as it is lower than the customs duty rate determined pursuant to calculated in accordance with its Schedule in Annex 2-A (Tariff elimination schedules).A. 4. Two years after the date of entry into force of this Agreement, on On the request of a either Party, the Parties shall consult to consider accelerating the reduction or elimination of customs duties on originating goods as set out in their Schedules in Annex 2-A. An agreement by the Parties to accelerate the elimination of customs duties on originating goods shall supersede any duty rate determined pursuant to their Schedules in Annex 2-A for such goods and shall enter into force following approval by each Party in accordance with Chapter 18 (Tariff elimination schedules)Institutional Provisions) and their respective applicable legal procedures. 5. The Trade Committee For greater certainty, a Party may adopt raise a decision customs duty to amend the level established in its Schedule in Annex 2-A (Tariff elimination schedules) to accelerate the tariff reduction or eliminationfollowing a unilateral reduction. 56. A Party may at any time autonomously accelerate unilaterally the elimination of customs duties on originating goods of the other Party set out in its Schedule in Annex 2-A. A (Tariff elimination schedules) on goods originating in the other Party. That Party considering doing so shall inform the other Party announce1 its intention to do so as early as practicable before the new rate of customs duty rate takes effect. 6. If a Party autonomously accelerates the elimination of customs duties in accordance with paragraph 5 of this Article, that Party may raise the customs duties concerned to the level set out in Annex 2-A (Tariff elimination schedules) for the respective year following any autonomous reduction.