Tariff Reduction and Elimination. 1. The tariff reduction or elimination programme of the Parties shall require the applied MFN tariff rates on goods under listed tariff lines to be gradually reduced and, where applicable, eliminated in accordance with this Article.
Tariff Reduction and Elimination. (i) All products covered under the Early Harvest Programme shall be divided into 3 product categories for tariff reduction and elimination as defined and to be implemented in accordance with the timeframes set out in Annex 3 to this Agreement. This paragraph shall not prevent any Party from accelerating its tariff reduction or elimination if it so wishes.
Tariff Reduction and Elimination. (a) The products covered under this Article shall be subjected to the following tariff reduction and elimination: Period Tariff reduction on applied MFN tariff rates as of 1st January 2004 1.3.2004-28.2.2005 50% 1.3.2005-28.2.2006 75%
Tariff Reduction and Elimination. The tariff reduction or elimination programme of the Parties shall require the applied MFN tariff rates on goods under listed tariff lines to be gradually reduced and, where applicable, eliminated in accordance with this Article. All tariff lines are subject to the tariff reduction or elimination programme under this Agreement and shall be categorised as follows: Normal Track: tariff lines placed in the Normal Track by each Party on its own accord shall have their respective applied MFN tariff rates gradually reduced and eliminated in accordance with the modalities set out in Annex 1 with the objective of achieving the targets prescribed in the thresholds therein; and Sensitive Track: tariff lines placed in the Sensitive Track by each Party on its own accord shall have their respective applied MFN tariff rates reduced or eliminated in accordance with the modalities set out in Annex 2. Subject to Annexes 1 and 2, all commitments undertaken by each Party under this Article shall be applied to all the other Parties.
Tariff Reduction and Elimination. Modality Under the Agreement, tariffs will be reduced or eliminated on 93% of Korea’s tariff lines and 85% of India’s tariff lines. Goods are placed under staging categories, which determine the pace of duty reduction or elimination to which the goods are subject. The base rate for the start of tariff reduction or elimination is the MFN customs duty rate applied on April 1, 2006. The staging categories listed below apply to the reduction or elimination of customs duties by each Party to the Agreement, except as otherwise provided in a Party’s tariff schedule: Duty Elimination Category E-0: duties eliminated upon entry into force of the Agreement, i.e. January 1, 2010; Category E-5: duties eliminated to 0% in 5 equal annual stages beginning on the date the Agreement enters into force; such goods shall be duty free from January 1 of year four; Category E-8: duties eliminated to 0% in 8 equal annual stages beginning on the date the Agreement enters into force; such goods shall be duty free from January 1 of year seven. The total number of tariff lines under HS Chapters 84, 85 and 87 eligible for duty elimination include: HS India Korea Chapter 84 113 54 638 927 214 17 Chapter 85 224 17 252 574 135 11 Chapter 87 1 0 36 116 89 2 Duty Reduction Category RED: duties will be reduced to 1-5% from the base rate in 8 equal annual stages beginning on the date the Agreement enters into force; duties remain at 1- 5% effective January 1 of Year 7; Category SEN: for India, duties will be reduced by 50% of the base rate in 10 equal annual stages; duties remain at 50% of the base rate effective January 1 of Year 9; for Korea, duties will be reduced by 50% of the base rate in 8 equal annual stages; duties remain at 50% of the base rate effective January 1 of Year 7. The total number of tariff lines under HS Chapters 84, 85 and 87 eligible for duty reduction include: HS India Korea Category RED Category SEN Category RED Category SEN Chapter 84 163 17 0 0 Chapter 87 2 9 0 0 Exclusion List Category EXC: duties are exempt from the obligation of tariff reduction or elimination. The total number of tariff lines under HS Chapters 84, 85 and 87 under the exclusion list include: HS India Korea Chapter 87 130 0 Under the IK-CEPA, tariff reduction or elimination will be conducted according to the timeline below: Percentages of Annual Tariff Reduction for Korea Category Entry into force Year 11 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 E - 0 100% E - 5 20% 40% 60% 80% 100% E - 8 12.5% 2...
Tariff Reduction and Elimination. Modality Thailand’s list of tariff concessions includes 5,505 tariff lines, 49% of which were immediately eliminated upon the entry into force of the Agreement, i.e., January 1, 2005. Of the remaining 2,934 tariff lines, only 269 were subject to duty free treatment prior to the implementation of TAFTA. A further 51% of all Thailand’s tariffs, including tariff rate quotas, will be gradually reduced to zero by 2025. Australia’s tariff concessions include 6,108 tariff lines. Of this amount, 3,084 tariff lines were already subject to duty free treatment before the entry into force of TAFTA. The remaining tariffs will be gradually phased to zero by 2010 for industrial products and by 2015 for agricultural products. Under TAFTA, the tariff reduction and elimination modality has several tracks: Fast Track, Normal Track, and Sensitive Track (divided into three sub-tracks). There are no duty exemptions under the Agreement. In other words, all tariff lines are subject to duty reduction and elimination. The base rate, or starting point for duty reduction/elimination, is indicated for each item in each Party’s schedule. Fast Track Items in the Fast Track are subject to zero duty upon entry into force of TAFTA. The total number of tariff lines under HS Chapters 84, 85 and 87 in the Fast Track include: HS Australia Thailand Chapter 84 588 376 Chapter 85 318 157 Chapter 87 128 38 Normal Track Tariffs on items in the Normal Track will be gradually reduced to zero by January 1, 2010. The total number of tariff lines under HS Chapters 84, 85 and 87 in the Normal Track include: HS Australia Thailand Chapter 84 26 201 Chapter 85 20 221 Chapter 87 20 137 Sensitive Track (1) Tariffs on items in the Sensitive Track (1) will be gradually reduced to zero by January 1, 2015. The total number of tariff lines under HS Chapters 84, 85 and 87 in the Sensitive Track (1) include: HS Australia Thailand HS Australia Thailand Chapter 87 0 0 Sensitive Track (2) Tariffs on items in the Sensitive Track 2 will be gradually reduced to zero by January 1, 2020. This track applies only to agricultural goods. Sensitive Track (3) Tariffs on items in the Sensitive Track 3 will be gradually reduced to zero by January 1, 2025. This track applies only to dairy goods.
Tariff Reduction and Elimination. The tariff reduction or elimination programme of the Parties shall require the applied MFN tariff rates on listed tariff lines to be gradually reduced and where applicable, eliminated, in accordance with this Article. The tariff lines which are subject to the tariff reduction or elimination programme under this Agreement shall include all tariff lines not covered by the Early Harvest Programme under Article 6 of the Framework Agreement, and such tariff lines shall be categorised for tariff reduction and elimination as follows: Normal Track: Tariff lines placed in the Normal Track by each Party on its own accord shall have their respective applied MFN tariff rates gradually reduced and eliminated in accordance with the modalities set out in Annex 1 of this Agreement with the objective of achieving the targets prescribed in the thresholds therein.
Tariff Reduction and Elimination. Modality Under the Agreement, Japan agreed to eliminate tariffs on 93% of imports by value from ASEAN within 10 years from entry into force. ASEAN-6 (Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand) agreed to eliminate tariffs on 90% of imports from Japan within 10 years both in terms of value and the number of items. AJCEP provides additional benefits in terms of immediate and accelerated tariff elimination for certain products in comparison with progressive liberalization under Japan’s bilateral Economic Partnership Agreements (EPA) with Brunei, Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam. The Agreement provides flexibilities and special and differential treatment to Cambodia, Laos and Myanmar. Only Japan and Singapore eliminated all tariffs on products under HS Chapters 84, 85 and 87 upon the entry into force of the Agreement. The other nine Parties provide for both immediate elimination and staged reduction of tariffs according to their respective tariff schedules.
Tariff Reduction and Elimination. Modality AANZFTA provides for progressive tariff reduction and/or elimination on most products over a transition period. In general, the Parties will eliminate tariffs on a high percentage of tariff lines, using the 2005 MFN rates as the base period. While the AANZFTA allows for some tariff reduction exclusions, such products cannot exceed 1% of a Party’s national tariff lines. For tariff lines not subject to elimination and included in the exclusion list, such tariffs will either be bound at the base rate (MFN 2005) or be subject to tariff reduction. Tariff commitments adhere to the updated HS 2007 tariff classification format. There is no actual modality in writing provided for in the Agreement. Rather, the FTA uses a flexible approach and indicates tariff reduction, elimination or exclusion for each Party as relevant in each Party’s actual tariff schedule. This report, however, utilizes a categorization based upon standard language in other FTAs in order to allow for an analysis of the tariff treatment of products falling under HS Chapter 84, 85 and 87. These “created” modalities include: the Fast Track, the Normal Track (divided into two sub-tracks), the Sensitive Track (divided into two sub-tracks), and the Exclusion List. Fast Track
Tariff Reduction and Elimination. 1. Except as otherwise provided for in this Agreement, each Party shall gradually liberalise, where applicable, applied MFN tariff rates on originating goods of the other Parties in accordance with its schedule of tariff commitments as set out in Annex 1.
