CHAPTER II. Duties on industrial products 10. Chapter II provides that tariff duties on all industrial goods (including finished and semi- finished goods) must be reduced to 5% by 2020. However, import tariff duties on all electronic goods shall be maintained below 15% ad valorem, which is in fact the applied tariff level that has been in place for the last 5 years. (Note that for most of those electronic goods the bound MFN import tariffs were above 35% ad valorem).
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Sources: Free Trade Agreement, Free Trade Agreement