Except as otherwise provided in this Agreement, no Party may increase any existing customs duty, or adopt any customs duty, on an originating good.

Except as otherwise provided in this Agreement, and subject to a Party's Schedule as set out in Annex I, each Party shall eliminate all customs duties on originating goods of another Party.

With respect to New Zealand, duties on all tariff lines would be eliminated with immediate effect, as was the case under the ANZSCEP. With regard to Brunei, the market access package will complement Singapore's existing arrangement under the AFTA. With regard to Chile, tariffs on 89.3% of domestic exports would be eliminated upon entry into force, with tariffs on a further 9.57% eliminated in three years. Altogether, 98.87% of all domestic exports would receive duty-free treatment three years from entry into force, that is, starting from 1 Jan 09. This figure would increase to 100% in six years.

Key exports that will benefit include processed cocoa powder, chemicals, pharmaceuticals and plastics.