Tariffs
Zero Tariff Rate
Total tariff exemption for certain products, whether by FTA, decree, or special classification.
Total tariff exemption for certain products, whether by FTA, decree, or special classification.
Zero rate means no import tariff is charged. It may apply through an FTA (with certificate of origin), by government decree, or because the general tariff is already 0%.
Preferential Tariff Rate
A reduced or zero duty rate applied to imports from countries with which a free trade agreement or other preferential arrangement is in effect.
TariffsTariff Preference
A reduction or elimination of the import tariff granted to goods originating from a country with which an active trade agreement exists.
TradeFree Trade Agreement (FTA)
International agreement that eliminates or reduces tariffs and trade barriers between signatory countries.