What does "suspension" of tariffs under trade agreements mean?

The term "suspension" of tariffs under trade agreements refers to a temporary halt of tariffs to promote trade under specific conditions. This mechanism is often used in international trade to encourage the exchange of goods between countries by reducing the financial burden of tariffs on certain products, thereby making them more accessible and affordable in the importing country.

When tariffs are suspended, it allows countries to capitalize on trade opportunities without the immediate costs associated with importing goods. In many cases, such suspensions are contingent upon agreed-upon terms that may include periodic reviews or specific trade objectives that the involved parties aim to achieve.

In contrast, other options pertain to different concepts: the permanent elimination of tariffs refers more to a complete removal rather than a temporary measure, while increasing tariffs aims to discourage imports rather than promote them. Lastly, enhancing local production typically involves different strategies that do not specifically address tariffs directly. Thus, B is the correct interpretation of "suspension" in the context of trade agreements.