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Early Harvest Scheme
Early harvest scheme is a precursor to a free trade agreement A free-trade agreement (FTA) or treaty is an agreement according to international law to form a free-trade area between the cooperating states. There are two types of trade agreements: bilateral and multilateral. Bilateral trade agreements occ ... (FTA) between two trading partners. This is to help the two trading countries to identify certain products for tariff liberalisation pending the conclusion of FTA negotiation. It is primarily a confidence building measure.between two trading partners. An Early Harvest Scheme (EHS) is an agreement between two states (or regional trading blocs) which liberalizes tariffs on certain goods preceding the conclusion of a Free Trade Agreement (FTA). Overview An early harvest scheme is a trade agreement between countries or regions that allows for the immediate liberalization (removal of trade barriers) of certain goods or services, while leaving other items to be liberalized a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free Trade Agreement
A free-trade agreement (FTA) or treaty is an agreement according to international law to form a free-trade area between the cooperating states. There are two types of trade agreements: bilateral and multilateral. Bilateral trade agreements occur when two countries agree to loosen trade restrictions between the two of them, generally to expand business opportunities. Multilateral trade agreements are agreements among three or more countries, and are the most difficult to negotiate and agree. FTAs, a form of trade pacts, determine the tariffs and duties that countries impose on imports and exports with the goal of reducing or eliminating trade barriers, thus encouraging international trade. Such agreements usually "center on a chapter providing for preferential tariff treatment", but they also often "include clauses on trade facilitation and rule-making in areas such as investment, intellectual property, government procurement, technical standards and sanitary and phytosanit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |