The parties idea is gradually establish a freetrade area over a period lasting a maximum of five years starting from the entry into force of this Agreement in accordance with the provisions of this Agreement and in conformity with those of the GATT 1994 and the WTO. In so doing they shall take into account the specific requirements laid down hereinafter.

For the purpose of this Agreement customs duties and charges having equivalent effect to customs duties include any duty or charge of any kind imposed in connection with the importation or exportation of goods, including any form of surtax or surcharge in connection with such importation or exportation, but do not include any:

1. Charges equivalent to an internal tax imposed consistently with the provisions of paragraph 2 of Article III of the GATT 1994.
2. Antidumping or countervailing measures;
3. Fees or charges commensurate with the costs of services rendered.

The Agreement is compatible with and implemented in a manner consistent with the relevant WTO provisions. The proposal for a COUNCIL DECISION COM (2008) 0183 has been published on 10th April 2008.