PAYMENTS AND CAPITAL MOVEMENTS. ARTICLE 27
PAYMENTS AND CAPITAL MOVEMENTS. 1. Revenues of nationals or companies of one Party derived from international maritime transport and multimodal operations in the other Party may be settled in freely convertible currencies.
PAYMENTS AND CAPITAL MOVEMENTS. Article 31 Subject to the provisions of Article 33, the Parties undertake to authorise, in fully convertible currency, any payments to the current account.
PAYMENTS AND CAPITAL MOVEMENTS. Article 48 Subject to the provisions of Articles 51 and 52, current payments connected with the movement of goods, persons, services and capital within the framework of this Agreement shall be free of restrictions.
PAYMENTS AND CAPITAL MOVEMENTS. Article 8.1
PAYMENTS AND CAPITAL MOVEMENTS. (1) The Parties undertake to authorise in freely convertible currency, any current payments between nationals and companies of the Parties connected with international maritime transport and made in accordance with the provisions of the present Agreement as well as in conformity with the applicable national law.
PAYMENTS AND CAPITAL MOVEMENTS. Chapter 9 Government procurement - Annex 9 Bot contracts/public works concessions Chapter 10 Intellectual Property - Annex 10-A Geographical indications for agricultural products and foodstuffs - Annex 10-B Geographical indications for wines, aromated wines and spirits Chapter 11 Competition Chapter 12 Transparency Chapter 13 Trade and Sustainable Development - Annex 13 Co-operation on trade and sustainable development Chapter 14 Dispute settlement - Annex 14-A Mediation mechanism for non-tariff measures - Annex 14-B Rules of procedure for arbitration - Annex 14-C Code of conduct for members of arbitration panels and mediators Chapter 15 Institutional, general and final provisions Protocols Protocol 1 Rules of Origin Protocol 2 Mutual administrative assistance in customs matters Protocol 3 Cultural cooperation Understandings Understanding on the cross-border supply of insurance services as committed in the lists of commitments in Annex 7-A (List of Commitments) Understanding on the Korean postal reform plan Understanding concerning specific commitments on telecommunications services Understanding on regulations relating to zoning, urban planning and environmental protection Impacts of the FTA entry into force and analysis of the text itself The most extensive parts of the FTA text are Chapter 2: NATIONAL TREATMENT AND MARKET ACCESS FOR GOODS and Chapter 7: TRADE IN SERVICES, ESTABLISHMENT AND E-COMMERCE. In these two chapters a majority of issues that might impact EU companies in the most direct way are identified. According to European Commission (2010a) the FTA will quickly remove 1.6 billion Euros of customs duties which EU exporters pay every year, 850 million Euros immediately after entering in force. Sectors gaining the most in absolute numbers are MACHINERY & APPLIANCES – 450 million Euros in total (312 million Euros immediately) and CHEMICAL – 175 million Euros (143 million Euros immediately). Some other industries, which are smaller in absolute numbers, will get almost immediate relief of custom duties: TEXTILE EXPORTS 93%, GLASS 85%, LEATHER & FUR 84%, FOOTWEAR 95%, IRON & STEEL 93% and OPTICAL INSTRUMENT 91%. Custom duties on sensitive industrial products exports to EU will be liberalised after a transition period of 5 years for CARS WITH SMALL SIZED ENGINES, CONSUMER ELECTRONICS including TV SETS, VIDEO RECORDERS and LCD MONITORS, and 3 years for OTHER SENSITIVE GOODS, including CARS WITH LARGE OR MEDIUM ENGINES. The agriculture sector, very of...
PAYMENTS AND CAPITAL MOVEMENTS. ARTICLE 3 1 Subject to the provisions of Article 33, the Parties undertake to authorise, in fully convertible
