Sentences with phrase «preferential rules of origin»

17.12 realize timely implementation of duty - free, quota - free market access on a lasting basis for all least developed countries consistent with WTO decisions, including through ensuring that preferential rules of origin applicable to imports from LDCs are transparent and simple, and contribute to facilitating market access

Generally, FTAs offer preferential rules of origin to goods that have a percentage of their HS components originating from one of the signatory countries.

HS Codes are also used to identify which goods are subject to preferential rules of origin under FTAs.

Products that are sourced 100 per cent from the originating country — livestock born and raised in Canada, for example, or soy beans grown in the Prairies — generally qualify as goods that originate wholly in Canada and are subject to preferential rules of origin within trade agreements.

That's because FTAs include preferential rules of origin, which reduce or eliminate tariffs on many goods and services traded between the signatory countries.

Preferential rules of origin often allow Canadian businesses to be treated like local businesses in foreign markets where an FTA is in place.