Practical challenges with free trade agreements. Adriana Ibarra-Fernández. Objectives of Free Trade Agreements. Article 102: Objectives .
Article 102: Objectives
1. The objectives of this Agreement, as elaborated more specifically through its principles and rules, including national treatment, most-favored-nation treatment and transparency, are to:
Article 302: Tariff Elimination
1. Except as otherwise provided in this Agreement, no Party may increase any existing customs duty, or adopt any customs duty, on an originating good.
Article 401: Originating Goods
Except as otherwise provided in this Chapter, a good shall originate in the territory of a Party where:
a) wholly obtained or produced entirely …;
b) change in tariff classification / regional value content requirements;
c) produced entirely in the territory exclusively from originating materials; or
d) except for Chapters 61 through 63, the good does not undergo a change in tariff classification (Rule 2 a / Heading specifically describes the good and its parts).
Objectives of Free Trade Agreements