1. Customs duties and charges having equivalent effect applicable on import into Lebanon of products originating in the Community shall be progressively abolished in accordance with the following schedule:
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five years after the date of entry into force of this Agreement each duty and charge shall be reduced to 88 % of the basic rate,
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six years after the date of entry into force of this Agreement each duty and charge shall be reduced to 76 % of the basic rate,
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seven years after the date of entry into force of this Agreement each duty and charge shall be reduced to 64 % of the basic rate,
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eight years after the date of entry into force of this Agreement each duty and charge shall be reduced to 52 % of the basic rate,
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nine years after the date of entry into force of this Agreement each duty and charge shall be reduced to 40 % of the basic rate,
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10 years after the date of entry into force of this Agreement each duty and charge shall be reduced to 28 % of the basic rate,
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11 years after the date of entry into force of this Agreement each duty and charge shall be reduced to 16 % of the basic rate,
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12 years after the date of entry into force of this Agreement the remaining duties and charges shall be abolished.
2. In the event of serious difficulties for a given product, the schedule applicable under paragraph 1 above may be reviewed by the Association Committee by common accord on the understanding that the schedule for which the review has been requested may not be extended in respect of the product concerned beyond the maximum transitional period of 12 years. If the Association Committee has not taken a decision within 30 days of an application by Lebanon to review the schedule, Lebanon may suspend the schedule provisionally for a period which may not exceed one year.
3. For each product concerned, the basic duty to be gradually reduced as provided in paragraph 1 shall be the rates referred to in Article 19.