51. Bautista did not give details of any US revisions but indicated that one area of compromise was on the tariff rate. 52. Bautista did not give details of the US revisions but indicated that one area of compromise was on the tariff rate. 53. But all six countries are sensitive about agricultural products, particularly unprocessed foods, and want to protect them longer and at higher tariff rates. 54. But future tariff rates still have to be decided and negotiations could prove to be delicate. 55. But the arms seizure, coupled with a looming trade war, could still derail extension of the favorable tariff rates. 56. Entrance as a developing country would give China a longer grace period to cut its tariff rates and open its markets. 57. The MFN principle calls for non-discrimination on tariff rates to trading partners. 58. The new tariff rates will apply until the end of the year when the entire SPG is due to be revised for the next decade. 59. The three also agreed to encourage private sector joint ventures, harmonize tariff rates, syncronize goods standard and harmonize fiscal and monetary policies. 60. The Senate Finance Committee last week unanimously approved the favorable tariff rates, which would grant Cambodia normal access to US markets, a committee aide said. |