It sets tariff-free quotas for each product.
It is about the tariff-free quotas.
All that we have is a tariff-free potential in that market—and the manufacturers there have that potential in our market.
The normal growth of developing countries in the manufacturing sector over recent years has exceeded the tariff-free quota.
So again we have moved from 250 million to 300 million people—a tariff-free market.
The goal is not simply tariff-free zones, but the single market concept with minimal impediments to free, fair and unsubsidised trade.
Those gains could include tariff-free access for all goods from the poorest countries, the abolition of tariff peaks and agreements to stop export dumping.
He will agree that there are a great many important raw materials which are already imported tariff-free from any source, such as jute and rubber.
