With regard to NAMA, the Group continued to be preoccupied with the formula, treatment of unbound tariffs, preference erosion and flexibilities.

Other key issues include the treatment of unbound tariffs, ad valorem equivalents, flexibilities for developing countries, participation in sectoral negotiations and trade preferences.

In cases where GSP and tariff quotas apply, exports may only benefit from GSP treatment to the extent that they can be accommodated within tariff quotas.

As regards industrial products, major developing country suppliers increasingly lose GSP cover for quot peak tariff quot products as a result of country product and full country graduations.

Preferential tariff rates offered under the GSP reduce the incidence of MFN peak tariffs for developing countries, in particular for LDCs, which enjoy special treatment (often in the form of duty free access) provided, of course, the products affected by peak tariffs are covered under the GSP.

The EU Council of Ministers recently decided to extend the preferential tariff treatment under the Lomé Convention to the other least developed countries by the year 2000.

The Park would be governed by a special legal regime, with tax exemption and other preferential treatment for participants.

The existence of preferential customs barriers.

1720 Urgency and safeguard duties

None, however, apply preferential treatment in the form of a percentage based margin of preference.

The host Government may grant some form of tax and customs exemption, reduction or benefit to the project company (e.g. to facilitate the import of equipment for the use of the project company by means of exemption of customs duties), or may establish some preferential tax treatment.

Special and differential treatment was key to avoiding possible negative shocks, they added.

Japan s GSP exempts most LDC exports from virtually all industrial peak tariffs as well as tariff quota limitations.

The preferential treatment covers about 75 per cent of bilateral trade turnaround between the two countries.

314. Single mothers raising their children alone are entitled to preferential treatment.

Most favoured nation treatment

25. Emphasizes the importance of addressing the concerns of a number of developing countries in respect of the erosion of preferences and the impact of liberalization on their tariff revenues

At the same time, attention needs to be given to improving and enhancing existing preferential schemes for concerned countries, as well as improving market access conditions on a most favoured nation basis.

After 1977, the Government withdrew these concessions, in order to generate more funds.

MFN exemption review

Moreover, with lower MFN tariffs on all large markets, the concern of circumvention often appears outdated.

Japan has MFN, preferential and temporary tariffs on fresh and processed vegetables.

The ATO analyses financial transaction report information to ensure that entities linked to known terrorists or known terrorist organizations are not endorsed for tax concessions or as deductible gift recipients.

China has decided to grant zero tariff treatment to some commodities from 39 least developed countries, which will cover the majority of China's imports from those countries.

Despite various preferential trade arrangements with its main trading partners, Africa's external trade continues to be hindered by a host of non tariff barriers and excessive market entry requirements that nullify the market access granted under preferential tariff regimes.

The LDCs, Caribbean countries and NAFTA members have preferential or zero tariff access to the United States fish markets.

Developing countries that have been enjoying non reciprocal preferential market access have called for adequately addressing the erosion of preferences arising from the most favoured nation tariff reduction.

(c) Other incentives include training of local employees dedicated infrastructure certain subsidized services market preferences and preferential treatment on foreign exchange.

Consideration of the decline in preferential treatment should not stand in the way of trade liberalization within WTO.

First, China will accord zero tariff treatment to some products from all 39 least developed countries having diplomatic relations with China, covering most of their exports to China.

Such preferential treatment obliterates the objectivity and neutrality required from the judicial process.

Why Give Corporations a Tax Break?

As a result of the undertaking made by the head of the Political Department, the United Nations has been granted the benefit of the most favoured organization clause' and was thus authorized to demand the most favourable treatment that may be granted to another organization .

Exporters from origin countries face lower tariffs under the generalized system of preferences.

On 1 January 2005, China instituted zero tariffs on some commodities from the 25 least developed countries in Africa, covering 190 tariff lines.

This tax credit replaces the family benefits program, the non refundable tax credit for dependent children and the tax reduction for families.

(a) The tax payable in respect of the conveyance and mortgage of, or release of mortgage on, the dwelling from which they benefit

Under the GSP scheme of Japan, GSP rates on various agricultural and fishery products have been reduced to maintain the preferential margin following the MFN tariff cuts of the Uruguay Round MFN tariff reductions.

Mongolia welcomed the decision by the European Union to accord duty free access to over 7,200 items imported from small and vulnerable economies, including Mongolia, under GSP treatment.

In outlining the negative effects of tariff escalation in section I.A of the report, more attention might have been given to the consideration of the links between MFN and preferential regimes, since the existence of preferential margins in relation to tariff levels mitigated the effects of tariff escalation.

Another issue is the notion of preferential treatment for developing countries and, perhaps, economies in transition.

6.6 Acknowledging the potential contribution of the elimination of subsidies and other economic incentives, including tax incentives to reduction of greenhouse gas emissions in Annex I countries. (Venezuela, Iran, Saudi Arabia and the United Arab Emirates)3.

This should include individual trade flows by partner countries under the MFN, GSP and LDC rates, preferential trade within free trade agreements, customs unions or other preferential arrangements, trade under outward processing regimes, and autonomous tariff rates.

The GSP rate is half of the MFN rates and subject to tariff quotas.

Article 29 contained provisions for positive discrimination and thus gave rise to certain concerns.