Tariffs
Progressive Tariff Elimination
Gradual tariff reduction agreed in free trade agreements implemented in stages over several years.
Gradual tariff reduction agreed in free trade agreements implemented in stages over several years.
Progressive tariff elimination is the mechanism by which tariffs are gradually reduced to zero according to schedules agreed in FTAs.
Tariff Phase-Out
The gradual and programmed reduction of import tariffs established in free trade agreements, bringing duties from their original level to zero over a determined period.
TradeFree Trade Agreement (FTA)
International agreement that eliminates or reduces tariffs and trade barriers between signatory countries.
TariffsPreferential Tariff Rate
A reduced or zero tariff applied to goods originating from countries with which Mexico has a free trade agreement in force, provided they meet the agreement's rules of origin.