The Normal Track within the China-Peru FTA describes a tariff elimination schedule where duties on specified goods are reduced gradually over a defined period, often 15 to 20 years.
Source: https://www.mfa.gov.cn/ce/cp//eng/xwdt/t1584569.htm
Tools that match this term
You might also be interested in these terms
Analyze all 11 Incoterms 2020: cost matrix, risk timeline, insurance gap detector and customs responsibility – free, no login required.
Weekly: Top news, industry facts and insights from the world of logistics – free.
Content reviewed and editorially cleared.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.