CARICOM - Caribbean Community and Common Market SCHEDULE IV: TRANSITIONAL ARRANGEMENTS FOR THE REMOVAL OF THE PROTECTIVE ELEMENT IN REVENUE DUTIES BY THE LESS DEVELOPED COUNTRIES referred to in Article 52 of the Annex to the Treaty Special arrangements are provided in this Schedule for the progressive elimination by the less-developed countries within ten years from 1st May, 1973 in conformity with paragraph 2 of protective revenue duty applied to imported goods classified under Brussels Nomenclature as follows: Brussels Nomenclature Description of Heading Product ex 22.09 Rum 2. On and after each of the following dates, a less-developed country may apply to any imported goods (the protective revenue duty on which is to be eliminated by the State within ten years as mentioned in the foregoing provisions of this Schedule) a protective revenue duty at a level not exceeding the percentage of the protective revenue duty applied immediately before the entry into force of this Treaty- lst May, 1978...........50% lst May, 1983...........0% 3. Any Less-Developed Country which considers that serious injury may be done to an industry in such State by the total elimination of protective revenue duty on any product as required by paragraph 2 may refer the matter to the Council, which may, by majority decision, authorise the continued application by any Less-Developed Country of protective revenue duty on such product after the 1st May, 1983. 4. Notwithstanding anything hereinbefore provided, the foregoing provisions of this Schedule shall, in respect of any imported goods itemised as aforesaid, apply to an importing Member State wherein neither like goods nor competitive substitutes therefor are produced, subject to the following modification, that is to say, the substitution for every reference in those provisions to protective revenue duty of a reference to import duty within the meaning of Article 15. 5. Nothing in this Treaty shall preclude any agreement made between the Less-Developed Countries, and notified by them to the Council where by their protective revenue duties on any of the products listed in this Schedule and imported from the Less-Developed Countries shall at any time be eliminated by all the Less-Developed Countries or reduced by not less than such percentage of their respective basic protective revenue duties as may be so agreed between them, notwithstanding that no corresponding elimination or reduction be made by them in respect of such products imported from the other Member States except in so far as it may be necessary so to do for the purpose of compliance with this Schedule. Continue on to Schedule VI