Economic Effects. It is the intention of the Parties that the delivery of the Alternative A Consideration, as set forth in Section 1, as of the date hereof shall, to the maximum extent feasible and permitted by law, shall have the economic effects as if such Alternative A Consideration had been delivered contemporaneously with SMC’s assignment and surrender of the Remaining Warrant Shares on April 30, 2020. Without limiting the foregoing, notwithstanding any provision of the SMC Note, no interest shall be deemed to have accrued after April 30, 2020 with respect to any principal of or interest on the SMC Note.
Economic Effects. ANZTEC and the ATA are expected to have an overwhelmingly positive impact on the New Zealand economy. Trade is an important factor in driving our national economic performance. Changes in trade can impact on the economy – for example, by affecting levels of prices, income or employment. Trade also affects macroeconomic performance in terms of the dynamics of the economy’s growth, stability and distribution. Extensive economic research has demonstrated that trade and growth are positively related, and an economy’s openness to trade has been linked to the explanation of differences in the economic growth rate of countries. The direct impact of trade liberalisation on economic growth may be described as the “static” effects. These include the gains derived from: lowered tariff and non-tariff barriers in export markets generating higher export returns and volumes; and domestic tariff liberalisation generating efficiency gains from a better allocation of resources, cheaper consumption and competitive effects. The quantitative impact of ANZTEC’s tariff and non-tariff barrier reductions are considered below. Aside from these “static” effects, ANZTEC is expected to achieve a number of “dynamic” impacts. These are harder to quantify but may be greater than the “static” impact. The “dynamic” effects range from the impact of improved transparency, cooperation in areas such as Technical Barriers to Trade, Sanitary and Phytosanitary Measures, the new dispute settlement mechanisms, and the publicity associated with ANZTEC. This is big news in Chinese Taipei and has seen extensive coverage accorded to New Zealand and the goods and services New Zealand exports to Chinese Taipei. The Agreement will also send a useful signal to New Zealand exporters that trading with Chinese Taipei and investing there, or receiving investment from there, will have no negative impact on trade and economic relations with the People’s Republic of China. There is anecdote that suggests that prior to the negotiation of ANZTEC some New Zealand businesses were reducing emphasis on Chinese Taipei out of concern that their operations there might be putting at risk opportunities on the Chinese mainland. The “static” impacts are much easier to quantify. They include: the estimated annual duty saving on New Zealand exports of NZ$40.3 million on ANZTEC entering into force; the estimated annual NZ$8.7 million in duty saved on New Zealand beef exports after tariffs are removed over two years; th...
Economic Effects. It is understood that FME desires to save costs by means of information technology. It shall be a continuous task of both Parties to determine and to realize possible cost saving potentials made available by the use and operation of information technology. However, cost saving measures shall not adversely affect the scope and quality of services rendered under the terms and conditions of any Annex or Service Agreement. (Both Parties are aware, that although the prices per user are envisioned to be decreasing the total cost may increase due to an increasing number of users and additional functionality). The goal of performing cost saving measures shall be a common one even though the intent of NETCARE to make profits contradicts FME’s desire to lower cost at first sight.
