RegulationsACE
Economic Complementation Agreement
Also known as: ACE, Partial complementation agreement
A partial trade agreement negotiated under ALADI granting tariff preferences for a specific group of products between Latin American countries.
Also known as: ACE, Partial complementation agreement
A partial trade agreement negotiated under ALADI granting tariff preferences for a specific group of products between Latin American countries.
An Economic Complementation Agreement (ACE) is a partial trade agreement negotiated within the framework of the Latin American Integration Association (ALADI). Unlike an FTA covering the entire tariff universe, an ACE grants tariff preferences only for a specific list of products.
Free Trade Agreement (FTA)
International agreement that eliminates or reduces tariffs and trade barriers between signatory countries.
TariffsTariff Preference
A reduction or elimination of the import tariff granted to goods originating from a country with which an active trade agreement exists.
DocumentsCertificate of Origin
Document certifying that goods originate in a specific country, required to claim preferential tariff rates under trade agreements.
TariffsPreferential 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.