Which of the following actions can be performed by parties of an RTA to reduce or eliminate tariffs?
Select all answers that apply.

Question

Which of the following actions can be performed by parties of an RTA to reduce or eliminate tariffs?   Select all answers that apply.

Answer

Parties of an RTA can decide to reduce a tariff at 20% every year until the tariff is eliminated or reaches the agreed reduced amount

Answer

Parties of an RTA can decide to reduce or eliminate a tariff at their chosen percentage, after some time has passed

Answer

Parties of an RTA can decide to reduce or eliminate a tariff immediately once the RTA enters into force

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