What does accelerated tariff elimination mean?

accelerated tariff elimination meaning in Law Dictionary

free trade move that enables tariffs is reduced and/or eliminated.


accelerated tariff elimination meaning in Business Dictionary

Unilateral or shared move utilized in reducing or eliminating tariffs with another country, or between two countries, on a schedule which faster than ended up being originally predicted, allowing for the commercial benefits and dilemmas of free trade to take impact quicker.