Competitive environment. 1. The Parties acknowledge that it is their joint objective to have a fair and competitive environment for the operation of air services. The Parties recognise that fair competitive practices by air carriers are most likely to occur where these air carriers operate on a fully commercial basis and are not subsidised.
Competitive environment. 1. The Contracting Parties reaffirm the application of the provisions of Chapter 3 ("Competition") of Title IV of the Association Agreement to this Agreement.
Competitive environment. 1. Within the scope of this Agreement, Title IV of the Association Agreement or any successor agreement between the European Union, its Member States and Ukraine shall apply, except where more specific rules on competition and State aid for the aviation sector are included in this Agreement.
Competitive environment. The life insurance industry remains highly fragmented and competitive. See “Description of Business — Competition.” In particular, we believe that financial strength and financial flexibility are highly relevant differentiators from the perspective of customers and distributors. We believe we are adequately positioned to compete in this environment. Regulatory Developments We are regulated by the NYDFS. We are regulated primarily at the state level, with some products and services also subject to federal regulation. In addition, BLNY is subject to regulation under the insurance holding company laws of various U.S. jurisdictions. Furthermore, some of our operations, products and services are subject to ERISA, consumer protection laws, securities, broker-dealer and investment advisor regulations, as well as environmental and unclaimed property laws and regulations. See “Description of Business — Regulation,” as well as “Risk Factors — Regulatory and Legal Risks.” Summary of Critical Accounting Estimates The preparation of financial statements in conformity with GAAP requires management to adopt accounting policies and make estimates and assumptions that affect amounts reported on the Financial Statements. The most critical estimates include those used in determining: • liabilities for future policy benefits; • amortization of DAC; • estimated fair values of freestanding derivatives and the recognition and estimated fair value of embedded derivatives requiring bifurcation; and • measurement of income taxes and the valuation of deferred tax assets. In applying our accounting policies, we make subjective and complex judgments that frequently require estimates about matters that are inherently uncertain. Many of these policies, estimates and related judgments are common in the insurance and financial services industries; others are specific to our business and operations. Actual results could differ from these estimates. The above critical accounting estimates are described below and in Note 1 of the Notes to the Financial Statements.
Competitive environment. 1. Within the scope of this Agreement, the provisions of Title VI ("Competition, intellectual, industrial and commercial property protection and legislative co-operation") of the Partnership and Co-operation Agreement or any successor agreement between the European Union, its Member States and Ukraine shall apply, except where more specific rules on competition and state aid for the aviation sector are included in this Agreement.
Competitive environment. This section defines the environment in which the players will compete in this tournament.
Competitive environment. The US remains the top exporter to Japan for some products in the fresh vegetable and fruit sectors. However, China and other Asian and southern hemisphere countries have become major suppliers, increasing both the range and volume of fresh fruit and vegetables imported into Japan. China is recognised as one of the lowest- cost suppliers of vegetables, with other overseas producers unable to compete on price. However, there have been cases of Chinese produce being restricted or banned, due to levels of chemical residue and several food safety issues. Australia is also facing stronger competition from Chilean and South African producers due to their location in the southern hemisphere. They are taking advantage of counter seasonality by supplying similar types of products at more competitive prices. Tariffs, regulations and customs When the Japan Australia Economic Partnership Agreement (JAEPA) entered into force, there were immediate tariff elimination on the vast majority of Australia’s vegetables, fruit and nuts. For example, tariffs on macadamia nuts and asparagus, worth $16.2 million and $13.5 million in 2013 respectively, were eliminated. Exporters are advised to look closely at tariff rates before exporting to Japan. Some fresh fruit and vegetables will attract a seasonal tariff, depending on the time at which they are imported. of imported oranges to Japan come from either Australia or the USA JAPAN FTA | 19 Industry standards The Japanese Government prohibits importers of fresh fruit and vegetables where soil is evident and plants have soil attached or produce contains evidence of pests and pathogens. Under the Plant Protection Act’s designated quarantine procedures, fresh vegetables and fruit are checked by the Ministry of Agriculture, Forestry and Fisheries’ (MAFF) Plant Protection Station. This includes a phytosanitary inspection which screens for contamination by any pests or harmful plants. For details of the quarantine procedures, visit the Plant Protection Station. The Ministry of Health, Labour and Welfare (MHLW) introduced a list system, prohibiting the distribution of food containing agricultural chemicals (pesticides, feed additives and veterinary drugs) above a certain level of Maximum Residue Limits (MRLs). More information about the list system is available on the Ministry of Health, Labour and Welfare website: • An introduction of the positive list system • List of Maximum Residue Limits • Further details about the system Marketing y...
Competitive environment. While the WTO Agreement is a giant step forward, much work remains to be done to open up the telecommunications markets of the region to competition. Only two countries in the region can be said to be open to full competition - Chile and Mexico. Colombia and the Dominican Republic allow a degree of competition in basic services and several others are in a transition toward a competitive regime. That leaves 39 countries where the provision of local telephone services is primarily a monopoly. Only Peru (1999), Venezuela (2000), Bolivia (2001), Belize (2002), Panama (2003) and Ecuador (2003) have announced firm plans to open their local markets to competition. The Future The trend is clear. Each year more and more countries of the region are privatising their telecommunications companies and creating the conditions for competition. The first to take the leap was Chile. The next country to move decisively in this direction was Xxxxxx. Xx Xxxxxxxx, Xxxxxxxxx, Xxxxxx, Xxxx and Venezuela have already made considerable progress towards liberalisation and others are following suit.
Competitive environment. There are few mid to large sized hotels in the North Fork region, most are small inns and motels with about 10-room occupancy and basic décor. The best-known area hotels are The Bayview Inn and Cottages, The Soundview Inn, and The Xxxxxxxx Manor Inn with 9, 49, and 25 rooms respectively. Room rates are generally between $150-300 and up per night with a two night minimum. Rates are higher in the peak summer season. Many of the locations include efficiency style rooms with mini kitchens and appliances. Also, a large new luxury hotel and spa called The Inn at East Wind was recently built in Wading River. Lodging in the North Fork is dominated by bed and breakfasts; there are over 30 in the area. The average bed and breakfast has about 6 rooms and costs between $150 and $200 per night. The hotel/motel and bed and breakfast locations in the area are heavily supported by weddings scheduled at the local vineyards, with the most popular of these vineyards being Ricardo’s, with it’s Italian/ Mediterranean décor. There are also some lodgings that offer spa treatments, which keep these locations busier year round. Many more establishments also offer winter getaway weekend specials, ranging from $250 to $600 per person including facials and massages. Although close in proximity to the Hamptons, the North Fork is preferred by those seeking a more relaxed and serene getaway. It is also preferred by many for weddings, romantic escapes, corporate events and low key family activities. As the North Fork continues to develop a following as a popular, conveniently located vacation destination for the 10 million of people living within a 2 hour commute, there is a shortage of supply and increasing demand for more luxuries hotel rooms and banquet facilities. According to Xxxxxx Xxxxxx, director of the North Fork Promotion Council, there are 384 beds on the North Fork now, and 54 more are planned for this year. “There is such a need for more beds, especially with the wineries becoming more popular and offering their sites for wedding receptions, and it is phenomenal how many weddings are booked by people from out of town.”5 Long Island H o tel S tats fo r 2003 (Including XX X xxxx F ork and S outh F ork - entire eastern) Mo n th O ccupancy Rate Averag e Daily R ate Rev P AR January 26.7 % $106 .00 $28.30 F ebruary 3 .0 % $108 .00 $ 3.24 M arch 26.6 % $103 .60 $27.56 A pril 29.5 % $103 .17 $30.44 M ay 39.6 % $147 .00 $58.21 June 61 .2 % $177 .87 $ 108.86 July 81 .3 % $275 .26 $ 2...
Competitive environment. The oncology marketplace is characterized by a high degree of competition generated by numerous biotechnology research companies, as well as by selected larger pharmaceutical suppliers. Significantly, a large pipeline of products with cancer indications exists among both the plethora of biotechs, and the larger PMA companies, whose products in this therapeutic area at times tend to be distinct from the companies' primary focus, or are smaller than is warranted for commercialization. Schering, Bristol Xxxxx Squibb, Roche, Pharmacia, Xxxxxxxxx Wellcome, Abbott and Zeneca are among the notable PMA's involved in oncology. Leading biotechs include Amgen, Genentech, Chrion, Biogen and Immunex. The biotechnology industry is in an early growth phase relative to many other industries. Since 1981, the FDA has approved ?? biopharmaceutical products, ?? of which are therapeutics, (?? vaccine). Today, more than 160 biotech products (a significant number of which are believed to be in oncology) are undergoing human clinical trials, many of which have reached Phase II and III trials. In terms of the total anticancer drug market, over 1,000 chemotherapy, immunotherapy, adjuvant and other products are currently in development, approximately one-third of which are in Phase I or beyond. The next few years are likely to bring significant changes to this industry as longer development times and lack of capital force consolidation among small biotechs. It is anticipated that this environment may be very receptive to alternative development and commercialization vehicles. Among the large PMA companies, competitive (and regulatory) forces have generated considerable pricing pressures. As a result, these companies look to large, differentiated products to provide needed revenues. The oncology therapeutic area is not characterized by these "high profile" drugs; is therefore not an area in which PMA's are willing to develop the unique commercialization expertise required. The Company believes that this environment will also be very interested in the Newco concept.
