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FOR MORE CLASSES VISIT<br>www.tutorialoutlet.com<br>As part of the agreement, all member countries agreed to eliminate all of their taris<br>on each other. However, these taris were eliminated over time and each country did so at a dierent speed<br>and at a dierent speed for dierent industries.<br>In general, the taris that countries levy on each other in the absence of an FTA are non-discriminatory<br>taris known as MFN taris (i.e. Most Favored Nation taris). Put simply, the tarithat the US levied<br>on Mexico for a particular product before NAFTA should be the same as the US levies on Australia for
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