Multilateralism in international air transport Sample Clauses

Multilateralism in international air transport. Although bilateral ASAs dominate the landscape of international air transport in the Chicago system, the seeds of multilateralism already appeared at the time of the Chicago conference. Besides the earlier mentioned Transit Agreement, the International Air Transport Agreement (‘Five freedoms’ Agreement) has also been adopted and it granted the first five freedoms on a multilateral basis.19 Read together, these two agreements could have been the basis of a multilateral regime. However, given that only 12 countries signed the ‘Five freedoms’ Agreement in over 50 years,20 only the Transit agreement attained the required number of signatories to enter into force, thus obliging states to separately negotiate agreements to gain additional traffic rights.21 Over the past few decades, multilateral agreements have been considered marginal in their importance. In recent years, however, the possibility increased for the net consisting of 3500-4000 bilateral ASAs to be transformed, over time, into a few separate multilateral agreements. Perhaps the most important initiative outside the EU has been the Multilateral Agreement on the Liberalization of International Air Transportation (MALIAT).22 Besides, there are other regional liberalisation processes in Asia,23 the Pacific24 and South America.25
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Related to Multilateralism in international air transport

  • International ACH Transactions You understand that in the event an International ACH Transaction (“IAT”) Entry that is transmitted to or from any of your accounts is identified and designated by the Credit Union’s screening criteria for review and examination under the OFAC Rules and Regulations (“OFAC Rules”). The settlement of such an IAT Entry may be delayed or suspended pending the Credit Union’s review of the IAT Entry, and may be terminated under applicable OFAC Rules. You acknowledge that we may be required to place an indefinite hold on the funds covered by the IAT Entry if the IAT Entry is required to be terminated under the OFAC Rules. You agree that any delay described above will be a permissible delay under the regulations applicable to the availability of funds held in deposit accounts. In the event an IAT Entry is delayed or terminated, we will provide you such notice as may be required by applicable laws and regulations.

  • International Boycott Grantee certifies that neither it nor any substantially owned affiliated company is participating or shall participate in an international boycott in violation of the provision of the U.S. Export Administration Act of 1979 (50 USC Appendix 2401 et seq.) or the regulations of the U.S. Department of Commerce promulgated under that Act (15 CFR Parts 730 through 774).

  • INTERNATIONAL TRANSPORT 1. Profits derived by an enterprise of a Contracting State from the operation of ships or aircraft in international traffic shall be taxable only in that State.

  • Financial Management Standards The financial management systems of Grantee must meet the following standards:

  • INTERNATIONAL BIDDING All offers (tenders), and all information and Product required by the solicitation or provided as explanation thereof, shall be submitted in English. All prices shall be expressed, and all payments shall be made, in United States Dollars ($US). Any offers (tenders) submitted which do not meet the above criteria will be rejected.

  • Financial Management System Subrecipient shall establish and maintain a sound financial management system, based upon generally accepted accounting principles. Contractor’s system shall provide fiscal control and accounting procedures that will include the following:

  • Cooperation in international fora The Parties shall endeavour to cooperate in all international fora where issues relevant to this partnership are discussed.

  • International Agreements Each Party shall:

  • AIR TRANSPORT 1. Profits derived by an enterprise of a Contracting State from the operation of aircraft in international traffic shall be taxable only in that State.

  • Overdraft Protection Plan If we have approved an overdraft protection plan for your account, we will honor checks drawn on insufficient funds by transferring funds from another account under this Agreement or a loan account, as you have directed, or as required under the Credit Union’s overdraft protection policy. The fee for overdraft transfers, if any, is set forth on the Rate and Fee Schedule. This Agreement governs all transfers, except those governed by agreements for loan accounts.

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