Services and Investment. 1. The Contracting Parties recognise the growing importance of certain areas, such as services and investments. In their efforts to gradually develop and broaden their co- operation, in particular in the context of the European integration, the Contracting Parties will co-operate with the aim of achieving a progressive liberalisation and mutual opening of markets for investments and trade in services, taking into account relevant provisions of the General Agreement on Trade in Services.
Services and Investment. 1. The Parties to this Agreement recognize the growing importance of certain areas, such as services and investments. In their efforts to gradually develop and broaden their co-operation, in particular in the context of the European integration, they will co-operate with the aim of achieving a progressive liberalization and further opening of their markets mutually for investments and trade in services, taking into account relevant provisions of the General Agreement on Trade in Services. 2. The Parties will discuss in the Joint Committee the possibilities to extend their trade relations to the fields of foreign direct investment and trade in services.
Services and Investment. 1. The Parties recognize the growing importance of certain areas such as services and investments. In their efforts to gradually develop and broaden their co-operation, in particular in the context of the European integration, they will examine the possibility of achieving a progressive liberalization and mutual opening of their markets for investments and trade in services, taking into account relevant provisions of the General Agreement on Trade in Services.
Services and Investment. ARTICLE 12
Services and Investment. 1. The Parties recognise the increasing importance of trade in services and investment in their economies. In their efforts to gradually develop and broaden their co-operation, they will work together with the aim of creating the most favourable conditions for expanding investment between them and achieving further liberalisation and additional mutual opening of markets for trade in services, taking into account on-going work under the auspices of the WTO.
Services and Investment. PACER Plus is the first trade agreement for the Pacific island countries to include commitments on services and investment in sectors such as agriculture, fisheries, manufacturing, tourism and energy. Services are the single biggest component of Pacific island country economies and the principal source of jobs. Services are central to micro, small and medium enterprise participation in regional trade. PACER Plus will create more transparent and predictable operating conditions for domestic and foreign service providers. PACER Plus investment outcomes are win-win for Australia and all Parties. Commitments under PACER Plus will increase investor confidence in the Pacific island countries. For Pacific island countries, increased inflows of direct foreign investment will help to meet their needs for capital and technology in developing their rich agricultural, mineral and marine resources, as well as developing niche offerings in services, especially tourism and manufacturing. More information is available in the Trade in Services and Investment fact sheets.
Services and Investment. 1. The States Parties to this Agreement recognize the growing importance of certain areas, such as services and investments. In their efforts to gradually develop and broaden their co-operation, in particular in the context of European integration, they will co-operate with the aim of achieving a gradual liberalization and mutual opening of markets for investments and trade in services, taking into account the results of the Uruguay Round as well as any relevant work under the auspices of the WTO. They will endeavour to accord to each others' operators treatment no less favourable than that accorded to other foreign operators in their territories on condition that a balance of rights and obligations as well as a balance of operating conditions exist between the States Parties to this Agreement.
Services and Investment. As part of the built-in agenda of the AJCEP Agreement, negotiations for services and investment are to commence one year from the entry into force of the Agreement. Following the mandate from the Ministers to bring trade in services and investment into the AJCEP, the Sub-Committee on Services and the Sub-Committee on Investment were established to undertake the negotiations. Dispute Settlement Mechanism A Dispute Settlement Chapter has been provided under the AJCEP to address disputes that may arise from the interpretation of the implementation of the TIG Agreement. Overall Benefits As more investors come to ASEAN through the AJCEP, it is expected that this will help narrow the economic divide among the estimated 711 million peoples of ASEAN and Japan. From 2002 to 2008, the total FDI from Japan in ASEAN reached US$45 billion and this is expected to grow as the implementation of the AJCEP continues. For more information: External Economic Relations Division Xxxx X. Xxxxxxxx (xxxx@xxxxx.xxx) The Republic of Korea (Korea) is the second dialogue partner with whom ASEAN has forged a free trade agreement. In 2005, ASEAN and Korea signed the Framework Agreement on Comprehensive Economic Cooperation (Framework Agreement), and subsequently, signed four (4) more agreements that form the legal instruments for establishing the ASEAN-Korea Free Trade Area (AKFTA). The ASEAN-Korea Agreement on Trade in Goods (AK- TIG), signed on 24 August 2006, sets out the preferential arrangement trade in goods between the ten (10) ASEAN Member States and Korea, which principally, involves tariff reduction and elimination for all tariff lines over a transition period. Under this Agreement, ASEAN exports would enjoy greater market access to Korea starting from 2006 and have free market access (subject to meeting the ASEAN-Korea rules of origin) in 2010 as Korea eliminates tariffs for all tariff lines under the Normal Track. On a reciprocal note, the XXXXX 0 (Xxxxxx Xxxxxxxxxx, Xxxxxxxxx, Malaysia, the Philippines and Singapore) imports from Korea will be enjoying zero tariff rates as well for all tariff lines in the Normal Tack subject to limited flexibility. By 2012, tariffs imposed by ASEAN for all Korean products under the Normal Track would be eliminated. For the newer members of ASEAN, namely, Viet Nam, Cambodia, Lao PDR and Myanmar, a longer transition period for tariff reduction and elimination had been agreed in recognition of their development status. Under this scheme at lea...
Services and Investment. ASEAN and India agreed to commence the negotiations on services and investment in 2008 and separate working groups for services and investment were established to undertake these tasks. The services and investment negotiations are targeted for completion by 2010. For more information: External Economic Relations Division Xxxx X. Xxxxxxxx (xxxx@xxxxx.xxx) (AANZFTA) The Agreement Establishing the ASEAN-Australia- New Zealand Free Trade Area (AANZFTA) that aims to integrate twelve (12) markets into a market of more than 600 million people with a combined GDP of US$2.65 trillion (based on 2008 figures) was signed in Thailand on 27 February 2009. The Agreement entered into force on 1 January 2010.
Services and Investment. The Parties recognise the ever increasing importance of trade in services and investment in their economies. They agree to work together to create the most favourable conditions for expanding investment and achieving further liberalisation and additional mutual opening of markets for trade in services whilst taking into account on-going work under the auspices of the WTO. They also agree to encourage the relevant bodies in their respective territories to co- operate with a view to achieving mutual recognition for licensing and certification of professional service suppliers. The Joint Committee shall review issues related to services and investment and consider the adoption of liberalisation measures no later than three years after the entry into force of the Agreement.
