Tariffs
Tariff Suspension
Temporary measure reducing or eliminating tariffs on certain products for a determined period.
Temporary measure reducing or eliminating tariffs on certain products for a determined period.
Tariff suspension temporarily reduces tariffs when there is insufficient domestic supply, to control prices, or address emergencies, without modifying the permanent tariff schedule.
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.
TariffsTemporary Tariff
A temporary modification of the applicable tariff rate for certain goods, established by presidential decree to address economic circumstances such as shortages or price control.
TariffsTariff Rate
The percentage or specific amount applied to the customs value of imported goods to calculate the general import tax.