The Council adopted a Regulation on implementation of an agreement on duty-free treatment of multi-chip integrated circuits (MCPs), amending Regulation 2658/87 on the tariff and statistical nomenclature and on the EU's Common Customs Tariff (6462/06).

But I think in a generalized kind of way it is clear that the European Union, in their initiative, is ahead of the United States, Japan, and Canada, because they have gone duty-free, quota-free.

- On movement of goods, the customs transit regime, which will apply after enlargement, ensuring the free movement of goods between Russia and Kaliningrad across the Community without customs duties, is apt and existing Conventions/procedures offer appropriate flexibility in terms of formalities.

On top of this there is the traditional system of exemptions from customs duties, a historical legacy perpetuated by this special status.

Exemptions for imports are also possible, in particular for the final importation of goods of which the supply by a taxable person would in all circumstances be exempted within the country; for importation of goods under a declaration for transit arrangements; for importation of goods declared to be under temporary importation arrangements, which thereby qualify for exemption from customs duties, or which would so qualify if they were imported from a third country; for final importation of goods qualifying for exemption from customs duties other than as provided for in the Common Customs Tariff or which would qualify for exemption if ...[+++]they were imported from a third country.

As regards trade arrangements, the Community will grant for products from these territories preferential arrangements similar to those granted for products from non-member Mediterranean countries, i.e. duty-free access to the Community market for industrial products and preferential treatment for certain agricultural products.