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