Accelerated Tariff Elimination

Accelerated Tariff Elimination

A unilateral or mutual move to reduce or eliminate tariffs with another country, or between two countries, on a faster schedule than had been anticipated previously. Obviously, this allows the economic benefits (and problems) of free trade to take effect more quickly.
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At press time it was too early to tell whether (and if so, to what extent) accelerated tariff eliminations would be adopted for nonwovens.
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