Decrease
Reduction means the corresponding number indicated in the column "Tariff Preference" or "Level of Customs Duty Binding Outside Quotas" in the relevant subsections of Sections 1 and 2 of this Appendix, and means the percentage reduction applied for calculating the preferential customs duty rate1.
Agreement on Free Trade between the Eurasian Economic Union and its member states, on one side, and the Islamic Republic of Iran, on the other side, as amended on 2025-05-26, art. 11.5. ↩
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