Regulation 3 Amendments to definitions in regulation 2 of the Customs (Preferential Trade Arrangements) Regulations

In regulation 2(1) of the Customs (Preferential Trade Arrangements) Regulations, for the definition of “Agreement” substitute the following—

• ““Agreement” means an arrangement—

  1. (a)

     that is listed in column 1 of the table in Schedule 1; and

  2. (b)

     the effect of which is to apply import duty rates to goods, or any description of goods, originating from the country or territory that are lower than the applicable standard rate of import duty for those goods.”^f1.