1. The aim of the organization is to reduce tariffs and promote free trade. 2. Autolatina claimed that a combination of the price freeze and the government decision to reduce tariffs on imported cars had forced it to make the decision. 3. A CU reduces tariffs to zero on intra-union trade, but on extra-union trade a Common External Tariff is adopted. 4. Although it has selectively reduced tariffs on some products, China has maintained high tariffs to protect its domestic industries. 5. And by reducing tariffs on imports, it will level its commercial playing field. 6. As a WTO member China would have to reduce tariffs and loosen tough controls over foreign firms doing business here. 7. -- Reduce tariffs, adding to the federal deficit. 8. - Reduce tariffs, lowering prices for consumers. 9. Although Beijing has selectively reduced tariffs on some U.S. products, it has maintained higher levies on others such as cars and farm products. 10. But many obstacles remain before the agreement to reduce tariffs and other trade barriers, which was reached in December, can become part of U.S. law. |