Elimination of Import Duties Clause Samples

Elimination of Import Duties. 1. Tripartite Member/Partner States shall not impose new import duties or charges of equivalent effect except as provided for under this Agreement. 2. The provisions of paragraph 1 shall not apply to goods that are not subject to liberalisation. 3. The Tripartite Member/Partner States shall progressively eliminate import duties in accordance with schedules contained in Annex I on Elimination of Import Duties.
View SourceView Similar (3)
Elimination of Import Duties. 1. Each Party shall eliminate import duties on all environmental goods listed in Annex II (List of Environmental Goods), except as otherwise provided for in that Annex. 2. A Party shall not introduce new import duties on any environmental good listed in Annex II (List of Environmental Goods).
View SourceView Similar (3)
Elimination of Import Duties. 1. There shall be a phased reduction and eventual elimination of import duties, in accordance with Article 3 of this Protocol, on goods originating in Member States. 2. The process should be accompanied by an industrialisation strategy to improve the competitiveness of Member States. 3. The C:4T shall adopt such measures as may be necessary to facilitate adjustment arising from the application of this Article. The CMT shall review such measures from time to time. 4. Pursuant to paragraph 1, Member States shall not raise import duties beyond those in existence at the time of entry into force of this Protocol. 5. Nothing in Paragraph 4 of this Article shall be construed as preventing the imposition of across-the-board internal charges. 6. This Article shall not apply to fees and similar charges commensurate with costs of any services rendered.
View SourceView Similar (2)
Elimination of Import Duties. According to Article 1 of the Agree- ment, “Import duties” are defined as “means customs duties or charges of equivalent effect imposed on, or in connection with, the importation of goods consigned from any Tripartite Mem- ber/Partner State to a consignee in another Tripartite Member/ Partner State” (Tripartite Agreement 2015, 4). The elimination of import duties is regulated in Article 9 and Annex I of the Agreement. Member states of the Agreement must not impose any import duties or charges of equivalent effect, except for exceptions granted by the Agreement (paragraph 1 of Article 9). The elimination of import duties will occur progressively, in accordance with the schedule contained in Annex I (paragraph 3 of Article 9). These provisions on the elimination of import duties are important because they allow for the reduction of costs in obtaining raw materials essential for industrial production, thereby reducing the cost of goods, which will directly benefit consumers. Regarding rules of origin, the three RECs adopt extremely different criteria. COMESA opts for a generic, liberal, and simplified approach, being more inclined toward the productive sector. Its approach is summarized in the following rules: (1) wholly obtained goods; (2) wholly produced goods;
View Source

Related to Elimination of Import Duties

  • Collection of Items We act only as your agent and we are not responsible for handling items for deposit or collection beyond the exercise of ordinary care. We are not liable for the negligence of any correspondent or for loss in transit, and each correspondent will only be liable for its own negligence. We may send any item for collection. Items drawn on an institution located outside the United States are handled on a collection basis only. You waive any notice of nonpayment, dishonor, or protest regarding items we purchase or receive for credit or collection to your account. We reserve the right to pursue collection of previously dishonored items at any time, including giving a payor financial institution extra time beyond any midnight deadline limits.

  • Definition of Immediate Family Immediate family includes husband, wife, child, stepchild, brother, stepbrother, sister, stepsister, parent, stepparent, or any person serving as a parent, or who has served as a parent, or any other person living in the same household as the employee.

  • Conduct of Business and Maintenance of Existence, etc (a) (i) Preserve, renew and keep in full force and effect its corporate existence and (ii) take all reasonable action to maintain all rights, privileges and franchises necessary or desirable in the normal conduct of its business, except, in each case, as otherwise permitted by Section 7.4 and except, in the case of clause (ii) above, to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect; and (b) comply with all Contractual Obligations and Requirements of Law except to the extent that failure to comply therewith could not, in the aggregate, reasonably be expected to have a Material Adverse Effect.

  • Collection of Income The Custodian shall use reasonable commercial efforts to collect all income and other payments with respect to the Foreign Assets held hereunder to which the Portfolios shall be entitled and shall credit such income, as collected, to the applicable Portfolio. In the event that extraordinary measures are required to collect such income, the Fund and the Custodian shall consult as to such measures and as to the compensation and expenses of the Custodian relating to such measures.

  • Termination of Information and Inspection Covenants The covenants set forth in Sections 2.1 and 2.2 shall terminate as to Investors and be of no further force or effect when the sale of securities pursuant to a registration statement filed by the Company under the Act in connection with the firm commitment underwritten offering of its securities to the general public is consummated or when the Company first becomes subject to the periodic reporting requirements of Sections 12(g) or 15(d) of the 1934 Act, whichever event shall first occur.