Prospects for Ratification by the U Sample Clauses

Prospects for Ratification by the U. S. and Korean Legislatures As cited above, there have been considerable political objections to the U.S.-Korea FTA in both countries. Ultimately, however, the U.S.- Korea FTA is expected to be ratified by both legislatures.180 Despite the perceived imbalance of gains from the FTA and the social and economic risks it creates, the Korean political leadership seems to be determined to have the FTA with the United States, because of their conviction that this 177 Office of the Press Secretary, the White House, Statement by the President Announcing the US-Korea Trade Agreement (Dec. 3, 2010), available at xxxx://xxx.xxxxxxxxxx.xxx/the-press-office/2010/12/03/statement-president- announcing-us-korea-trade-agreement. 178 Office of the Press Secretary, the White House, Informational Press Release: Increasing U.S. Auto Exports and Growing U.S. Jobs Through the U.S. Korea Agreement (Dec. 3, 2010), xxxx://xxx.xxxxxxxxxx.xxx/sites/default/files/fact_sheet_increasing_us_auto_exports_us_ko rea_free_trade_agreement.pdf. 179 Dae-Xxx Xxx, Migukcha Sooip Jangbyuk Munuhjyudta: ‘Obamaeyu Sunglee’ [Import Barrier for American Cars has Collapsed: ‘Obama’s Victory’], PRESSIAN NEWS, Dec. 5, 2010, xxxx://xxx.xxxxxxxx.xxx/article/article.asp?article_num=30101205132112&section =02. According to the new agreement, the removal of U.S. tariffs against import of automobiles from Korea, which has been hailed by the Korean government as a major achievement, will be suspended for five years for passenger cars and for ten years for trucks. This will be a loss to Korea which exports significantly more automobiles to the U.S. than the U.S. does to Korea. Korea has also agreed to relax application of new environmental and gas mileage requirements in favor of U.S. automobile exports. At the request of the U.S., Korea has further agreed to a safeguard provision whereby a party of the FTA may adopt tariffs against imported automobiles if imports surge after the removal of tariffs. In return for these concessions, Korea reportedly received concessions on agriculture and pharmaceutical imports, but one criticism was that the extent of U.S. concessions was not comparable to that of Korea on the automobile issue. Reflecting on this imbalance, a senior Korean politician commented that additional negotiation was bound to be completed in the U.S.’s favor, since it was held shortly after the Yeon-Pyeong incident, when North Korea shelled the South Korean island causing civilian casualties, and South Kore...
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Prospects for Ratification by the U. S. and Korean Legislatures As cited above, there have been considerable political objections to the U.S.-Korea FTA in both countries. Ultimately, however, the U.S.- Korea FTA is expected to be ratified by both legislatures.180 Despite the perceived imbalance of gains from the FTA and the social and economic risks it creates, the Korean political leadership seems to be determined to have the FTA with the United States, because of their conviction that this FTA will “upgrade” the Korean economy by providing it with a new momentum for further economic growth; and that the FTA will also help strengthen the security alliance with the United States.181 A renowned economist, Professor Xxxxxxx Xxxxxxxx, has commented that Korea will (eventually) sign anything that the United States asks, due to its security concerns.182 This is likely to be true, at least for the FTA, in the end. With the U.S army playing an important role in maintaining Korea’s national security, a certain extent of imbalance may not be sufficient to justify backing away from the most important trade deal with the United States. For the United States, some of the objections to the FTA have already lost ground since Korea began to import American beef, albeit, with some restrictions, and the political leadership will eventually see how the U.S.-Korea FTA negotiations have met most of its key trade interests with Korea. With China rapidly growing as an economic rival, both U.S. Congress and the Democratic administration will also see the vital importance of this “economic alliance” with Korea through the FTA.
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Related to Prospects for Ratification by the U

  • Termination by the HSP (a) The HSP may terminate this Agreement at any time, for any reason, upon giving 6 months’ Notice (or such shorter period as may be agreed by the HSP and the Funder) to the Funder provided that the Notice is accompanied by: satisfactory evidence that the HSP has taken all necessary actions to authorize the termination of this Agreement; and a Transition Plan, acceptable to the Funder, that indicates how the needs of the HSP’s clients will be met following the termination and how the transition of the clients to new service providers will be effected within the six-month Notice period.

  • Modification by the Parties The Parties may by mutual agreement amend the Appendices to this Agreement, by a written instrument duly executed by all three of the Parties. Such an amendment shall become effective and a part of this Agreement upon satisfaction of all Applicable Laws and Regulations.

  • Termination by the Owner for Convenience § 14.4.1 The Owner may, at any time, terminate the Contract for the Owner’s convenience and without cause.

  • Termination by the Customer The Customer may terminate this Agreement by providing a written notice of termination to the Transfer Agent, specifying the date as of which this Agreement will terminate, which may be any date, including the date such written notice is provided, provided the circumstances described below giving rise to the termination right are continuing at the time of the Transfer Agent’s receipt of such written notice, if as a result of an Event Beyond Reasonable Control:

  • Cancellation by the Bank If (a) the right of the Borrower to make withdrawals from the Loan Account shall have been suspended with respect to any amount of the Loan for a continuous period of thirty days, or (b) at any time, the Bank determines, after consultation with the Borrower, that an amount of the Loan will not be required to finance the Project’s costs to be financed out of the proceeds of the Loan, or (c) at any time, the Bank determines, with respect to any contract to be financed out of the proceeds of the Loan, that corrupt or fraudulent practices were engaged in by representatives of the Borrower or of a beneficiary of the Loan during the procurement or the execution of such contract, without the Borrower having taken timely and appropriate action satisfactory to the Bank to remedy the situation, and establishes the amount of expenditures in respect of such contract which would otherwise have been eligible for financing out of the proceeds of the Loan, or (d) at any time, the Bank determines that the procurement of any contract to be financed out of the proceeds of the Loan is inconsistent with the procedures set forth or referred to in the Loan Agreement and establishes the amount of expenditures in respect of such contract which would otherwise have been eligible for financing out of the proceeds of the Loan, or (e) after the Closing Date, an amount of the Loan shall remain unwithdrawn from the Loan Account, or (f) the Bank shall have received notice from the Guarantor pursuant to Section 6.07 with respect to an amount of the Loan, the Bank may, by notice to the Borrower and the Guarantor, terminate the right of the Borrower to make withdrawals with respect to such amount. Upon the giving of such notice, such amount of the Loan shall be canceled.”

  • TERMINATION BY THE CONTRACTOR If the Work is stopped for a period of thirty days under an order of any court or other public authority having jurisdiction, or as a result of an act of government, such as a declaration of a national emergency making materials unavailable, through no act or fault of the Contractor or a Subcontractor or their agents or employees or any other persons performing any of the Work under a contract with the Contractor, or if the Work should be stopped for a period of thirty days by the Contractor because the Architect has not issued a Certificate for Payment as provided in Paragraph 9.7 of these General Conditions or because the State has not made payment thereon as provided in Paragraph 9.7, then the Contractor may, upon seven additional days written notice to the State and the Architect, terminate the Contract and recover from the State payment for all Work executed and for any proven loss sustained upon any materials, equipment, tools, construction equipment and machinery, including reasonable profit and damages.

  • Termination by the Owner for Cause § 16.2.1 The Owner may terminate the Contract if the Contractor .1 repeatedly refuses or fails to supply enough properly skilled workers or proper materials;

  • Termination by the City 96.1. In addition to termination pursuant to any other article of this Contract, the Commissioner may, at any time, terminate this Contract by written notice to the Contractor. In the event of termination, the Contractor shall, upon receipt of such notice, unless otherwise directed by the Commissioner:

  • Termination by the Company This Agreement may be terminated by the Company at any time prior to the Effective Time:

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