North American Free Trade Agreement, 1992 Oct. 7 Tariff Phasing Descriptions

From the opening

A - tariff elimination immediately upon implementation of the Agreement, i.e., January 1, 1994.

B - tariff to be eliminated in five equal annual stages, beginning January 1, 1994 and ending January 1, 1998.

C - tariff to be eliminated in ten equal annual stages, beginning January 1, 1994 and ending January 1, 2003.

In addition to the above general phasing categories, the following categories exist for specific cases:

Ex - excluded from tariff elimination. This category applies to supply-managed goods (dairy, poultry, eggs) and to several tariff items for sugar.

Bl - tariff to be eliminated in six equal annual stages, beginning January 1, 1994 and ending January 1, 1999. (Applies to 43 items in textile tariffs.)

B+ - tariff to be eliminated in seven stages as follows: 20% reduction on January 1, 1994, zero reduction on January 1, 1995, 10% reduction per year for years January 1, 1996 to January 1, 2000 and 30% reduction on January 1, 2001. (Applies to most textile tariffs as well as 3902.1000 and 6403.5900.)

B8 - tariff to be eliminated in two stages as follows: 50% reduction on January 1, 1998 and 50% reduction on January 1, 2001. (Applies to four Mexican tariff items in the paper sector.)

Ba - tariff to be eliminated in five stages as follows: 50% reduction on January 1, 1994 with remaining 50% to be phased out in four equal annual reductions ending January 1, 1998. (Applies to two light truck items.)

Bg- tariff to be eliminated in five stages as follows: reduction to the FTA rate on January 1, 1994 and then follow the FTA C phasing schedule ending January 1, 1998. (Applies to Canadian agricultural tariff items for Mexico).

Bp- tariff to be eliminated in three stages as follows: 20% reduction on January 1, 1997; 10% reduction on January 1, 1998 and 70% reduction on January 1, 1999.

A short sample. Read the whole book

More to read

• After the Rain : how the West lost the EastSamuel VakninEconomics & Business306 pages
• An Essay on the Principle of PopulationT. R. MalthusEconomics & Business197 pages
• An Essay Upon ProjectsDaniel DefoeEconomics & Business180 pages
• An Inquiry into the Nature and Causes of the Wealth of NationsAdam SmithEconomics & Business1385 pages
• An Inquiry into the Nature and Progress of Rent, and the Principles by Which It is RegulatedT. R. MalthusEconomics & Business49 pages