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By:3rd Agreement on TIG Update:2016-05-27
The tariff reduction or elimination programme of the Parties shallrequire the applied MFN tariff rates on listed tariff lines to be graduallyreduced and where applicable, eliminated, in accordance with this Article.
The tariff lines which are subject to the tariff reduction or eliminationprogramme under this Agreement shall include all tariff lines not covered bythe Early Harvest Programme under Article 6 of the Framework Agreement,and such tariff lines shall be categorised for tariff reduction and elimination as follows: (a) Normal Track: Tariff lines placed in the Normal Track by each Party on its own accord shall have their respective applied MFNtariff rates gradually reduced and eliminated in accordance withthe modalities set out in Annex 1 of this Agreement with the objective of achieving the targets prescribed in the thresholds therein. (b) 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 of this Agreement. Subject to Annex 1 and Annex 2 of this Agreement, all commitments undertaken by each Party under this Article shall be applied to all the other Parties. |