w11.zetaboards.com Webutation
Welcome Guest [Log In] [Register]

- NATIONS

Domestic News: | International News: P | Military News: | Financial News: | Other News: |
Add Reply
Bilateral Conference; Israel and South Korea
Topic Started: Oct 8 2014, 11:51 PM (183 Views)
C.E
Member Avatar






Posted ImagePosted Image


STATE VISIT

HIS EXCELLENCY, Mr. Avigdor Liebermann, Israeli Minister of Foreign Affairs

And
HIS EXCELLENCY, Mr. Yun Byung-se, South Korean Minister of Foreign Affairs

VENUE:
TEL AVIV – Israel


===

OOC



Offline Profile Quote Post Goto Top
 
C.E
Member Avatar

Posted Image
Posted Image אביגדור ליברמן‎ |Avigdor Lieberman
Israeli Minister of Foreign Affairs

Mr. Yun Byung-se,

It is with great pleasure to welcome you and your delegation to Israel. We have been anticipating another constructive and prosperous meeting between our nations. I believe that Seoul and Jerusalem has much in common – both highly advanced democratic nations, whom endure an external threat all day, every day around the year, and has been so for decades. As it is for South Korean and the regime in Pyongyang, it is for Israel and its neighbours.

Yet both nations has led development within many areas and today we stand with the opportunity to forge an even stronger relationship and found a technologic and economic powerhouse that can engage the challenges of the future.

Mr. Yun Byung-se,

It is of course my sincere hope that this bilateral conference can establish a constructive and beneficial Free Trade Agreement between our nations. It is further my sincere hope, that this bilateral conference can forge an even stronger defence and security cooperation between our nations, knowing we share many of the same threats.

Thank you.

Edited by C.E, Oct 9 2014, 12:30 AM.
Offline Profile Quote Post Goto Top
 
10ebbor10
Member Avatar

Mr. Yun Byung-se
Korean Minister of Foreign Affairs

Mr. Avigdor Liebermann,

It is with great enthusiasm that we arrive here in Tel Aviv. The Korean Republic and the State of Israel have maintained diplomatic relations since the founding of our nations, and we have both much in common. Though the relationship has been troubled in the past, we believe that strengthening our mutual relationships will be very beneficial for the prosperity and security of out nations .

Technological and economic cooperation, expanding but going beyond agreements made in the future, will go a long way in ensuring prosperity both now and in the future. The creation of a creative economy, featuring wide cooperation between Israel and Korea in high tech, and sustainable development, as well as joint projects in science and technology should go a long way in ensuring the future of our both nations.

Greater cooperation in security matters should also be very beneficial.

Offline Profile Quote Post Goto Top
 
C.E
Member Avatar

Posted Image
Posted Image אביגדור ליברמן‎ |Avigdor Lieberman
Israeli Minister of Foreign Affairs

Mr. Yun Byung-se,

I thank you for your kind words. I believe I shall proceed with the initial enquiry. Israel is would like to debate the proposed Free Trade Agreement and inquire if the Republic of Korea has any constraints in regards to product categories? Further we would like to know if the Republic of Korea has a proposal in regards to how to manage dispute resolution.

Further it is the intention of Israel to draft joint projects with the Republic of Korea in the areas of nanotechnology, Green technology and defense.
Offline Profile Quote Post Goto Top
 
10ebbor10
Member Avatar

Mr. Yun Byung-se
Korean Minister of Foreign Affairs

The Republic of Korea would prefer to exclude agricultural products, predominantly grains, from the free trade agreement. The Korean agricultural market is slowly being liberalized in Cooperation with the world trade organization, and would have severe negative consequences for the Korean agricultural sector.
Offline Profile Quote Post Goto Top
 
C.E
Member Avatar

Posted Image
Posted Image אביגדור ליברמן‎ |Avigdor Lieberman
Israeli Minister of Foreign Affairs

Israel would agree to an exemption of agricultural products with the exception of Fruit and vegetables. As for dispute resolution, we propose a Joint Trade Council to manage disputes. Further we would once more reinterate our interest in Joint projects within nanotechnology, Green technology and defense. For the latter, I have been informed that the Republic of Korea has recently been investigating technologies to expand its capabilities within radar surveillance, due to the infiltration of three North Korean UAV's?
Offline Profile Quote Post Goto Top
 
10ebbor10
Member Avatar

Mr. Yun Byung-se
Korean Minister of Foreign Affairs

The Republic of Korea can find itself in both these statements, supporting the limited exception and the Joint Trade Council. In addition, we are supportive of the idea of joint cooperation in research of development for both practical and theoretical manners.

And indeed, the Republic of Korea is looking towards more advanced radar and other systems to deal with more unconventional threats.
Offline Profile Quote Post Goto Top
 
C.E
Member Avatar

Posted Image
Posted Image אביגדור ליברמן‎ |Avigdor Lieberman
Israeli Minister of Foreign Affairs

I will have my delegation drafting a proposal for a Free Trade Agreement that includes the concerns outlined by the Republic of Korea. Further as our corridor discussions show, we have several projects to add to an agreement.
Edited by C.E, Oct 14 2014, 01:12 AM.
Offline Profile Quote Post Goto Top
 
C.E
Member Avatar

Posted Image
Posted Image אביגדור ליברמן‎ |Avigdor Lieberman
Israeli Minister of Foreign Affairs


Israel wishes to propose the following document:

ISRAEL AND REPUBLIC OF KOREA|FREE TRADE AGREEMENT
 


The State of Israel, hereinafter referred to as “ISRAEL” and the Republic of Korea, hereinafter referred to as “SOUTH KOREA” and collectively referred to as “PARTIES” has agreed to the establishment and commencement of a FREE TRADE AGREEMENT, hereinafter referred to as the AGREEMENT as set out in the following clauses:

(a)OVERALL OBJECTIVES FOR THE FREE TRADE AGREEMENT


[The Parties hereby establish a free trade area on goods,
services, establishment and associated rules in accordance with this Agreement.]

The objectives of this Agreement are;

a) to liberalise and facilitate trade in goods between the Parties,
in conformity with Article XXIV of the General Agreement
on Tariffs and Trade 1994 (hereinafter referred to as ‘GATT
1994’);

(b) to liberalise trade in services and investment between the
Parties, in conformity with Article V of the General
Agreement on Trade in Services (hereinafter referred to as
‘GATS’);

(c) to promote competition in their economies, particularly as
it relates to economic relations between the Parties;

(d) to further liberalise, on a mutual basis, the government
procurement markets of the Parties;

(e) to adequately and effectively protect intellectual property
rights;

(f) to contribute, by removing barriers to trade and by
developing an environment conducive to increased
investment flows, to the harmonious development and
expansion of world trade;

(g) to commit, in the recognition that sustainable development
is an overarching objective, to the development of international
trade in such a way as to contribute to the objective of sustainable development and strive to ensure
that this objective is integrated and reflected at every level of
the Parties’ trade relationship; and

(h) to promote foreign direct investment without lowering or
reducing environmental, labour or occupational health and
safety standards in the application and enforcement of environmental
and labour laws of the Parties.

(i)To minimize technical trade barriers, internal approval procedures and restrictions, whereas possible

ARTICLE 1 [SCOPE OF APPLICATION]

1. Products of ISRAEL shall, when imported into the customs territory of the SOUTH KOREA, be governed by the provisions of Annex 1.
2. Products of the SOUTH KOREA shall, when imported into Israel, be governed by the provisions of Annex 2.
3. The rules of origin applicable to this Agreement tare set forth in Annex 3.
4. The Annexes to this Agreement constitute an integral part thereof

ARTICLE 2 [EXCLUDED ITEMS]

Agricultural products with the exclusion of Fruit and vegetables shall not take part of the AGREEMENT

ARTICLE 3 [RELATIONSHIP TO OTHER AGREEMENTS]
The Parties affirm their respective rights and obligations with respect to each other under existing bilateral and multilateral agreements, including the Treaty of Friendship, Commerce and Navigation between the United States and Israel and the GATT. In the event of an inconsistency between provisions of this Agreement and such existing agreements, the provisions of this Agreement shall prevail.

ARTICLE 4 [TRADE-RELATED PERFORMANCE REQUIREMENTS]
Neither Party shall impose, as a condition of establishment, expansion or maintenance of investments by nationals or companies of the other Party, requirements to export any amount of production resulting from such investments or to purchase locally-produced goods and services. Moreover, neither Party shall impose requirements on investors to purchase locally-produced goods and services as a condition for receiving any type of governmental incentives.

ARTICLE 5 [INTELLECTUAL PROPERTY]
The Parties reaffirm their obligations under bilateral and multilateral agreements relating to intellectual property rights, including industrial property rights, in effect between the Parties. Accordingly, nationals and companies of each Party shall continue to be accorded national and most favored nation treatment with respect to obtaining, maintaining and enforcing patents of invention, with respect to obtaining and enforcing copyrights, and with respect to rights in trademarks, service marks, trade names, trade labels, and industrial property of all kinds.

ARTICLE 6 [GOVERNMENT PROCUREMENT]
1. The Parties agree to endeavor to eliminate all restrictions relating to government procurement.
2. SOUTH KOREA shall waive all Buy National restrictions with respect to government agency purchases of a contract value of $50,000 or more which would be subject to the Agreement on Government Procurement at the time of entry into force of this Agreement but for the threshold provided for in Article I'll) (b) of the Agreement on Government Procurement.
3. ISRAEL shall waive all Buy National restrictions with respect to government agency purchases of a contract value of $50,000 or more which would be subject to the Agreement on Government Procurement at the time of entry into force of this Agreement but for the threshold provided for in Article I (1)(b)of the Agreement on Government Procurement and by the Ministry of Defense subject to exceptions comparable in character and extent to those included in the United States' entity list of the Agreement on Government Procurement with regard to the Department of Defense.
4. In implementing paragraphs 2 and 3 of this Article the Parties shall apply the provisions of the Agreement on Government Procurement.
5. The Parties agree to consider promptly further trade liberalizing measures in regard to both government procurement and offset requirements in the context of the Joint Committee established by this Agreement. In particular it is agreed that should the entity coverage of the Agreement on Government Procurement be expanded, priority consideration will be given to expanding this Agreement to apply to those purchases.

ARTICLE 7 [TRADE IN SERVICES]
The Parties recognize the importance of trade in services and the need to maintain an open system of services exports which would minimize restrictions on the flow of services between the two nations. To this end, the Parties agree to develop means for cooperation on trade in services pursuant to the provisions of a Declaration to be made by the Parties.

ARTICLE 8 [JOINT COMMITTEE]
1. A Joint Committee is hereby established to supervise the proper implementation of this Agreement and to review the trade relationship between the Parties.
2. The functions of the Joint Committee shall include, inter alia:
a. reviewing the general functioning of this Agreement;
b. holding consultations with respect to any matter affecting the operation and the interpretation of this Agreement, as provided in Article 18;
c. reviewing the results of this Agreement, the experience gained during its functioning, and the objectives defined therein, and considering ways of improving trade relations between the Parties, including possible improvements in this Agreement. The adoption of any amendments shall be subject to the domestic legal requirements of both Parties;
d. reviewing the Declaration on Trade in Services.
3.
a. The Joint Committee shall be composed of representatives of the Parties and shall be headed by the United States Trade Representative and Israel's Minister of Industry and Trade or their designees.
b. The Joint Committee may establish working groups and delegate its powers to them.
4. Each party shall preside in turn over the Joint Committee, which shall convene at least once a year in regular session in order to review the general functioning of the Agreement. Special meetings of the Joint Committee shall also be convened within 21 days at the request of either Party. Regular sessions of the Joint Committee shall be held alternately in the two countries. The Joint Committee shall establish its own rules of procedure.

ARTICLE 9 [NOTICE AND CONSULTATION]
1. a. Before either Party takes any trade measure with respect to products traded between the Parties, it shall provide prior written notice to the other Party as far in advance as maybe practicable. The notice shall include a description of the circum- stances leading to the proposed action.
b. Before either Party commits itself to take any action, unilaterally or by agreement, which would reduce the barriers to trade applicable to third countries, including those with whom that Party intends to enter into a customs union, free trade area, arrangement for frontier trade or those to whom that Party intends unilaterally to grant trade concessions, it shall provide prior written notice to the other Party as far in advance as maybe practicable.
2. If the Party affected by the proposed measure referred to in paragraph 1 requests consultations with regard to such measures the Party proposing the measure shall afford adequate opportunity for consultations regarding the proposed measures.
3. In special circumstances, where delay or prior notice would cause damage which would be difficult to remedy, action may be taken without prior notice or consultation, provided that notice and an opportunity to consult in accordance with paragraphs1 and 2 are provided as soon thereafter as practicable.

ARTICLE 10 [DISPUTE SETTLEMENTS]
1. a. Whenever a dispute arises concerning the interpretation of this Agreement, or whenever a Party considers that the other Party has filed to carry out its obligations under this Agreement, the dispute settlement mechanism described in this Article maybe invoked. In addition, the dispute settlement mechanism may also be invoked if one Party considers that measures taken by the other Party, including a violation of the Annex an subsidies, severely distort the balance of trade benefits accorded by this Agreement or substantially undermine fundamental objectives of this Agreement. This paragraph shall not apply to the imposition of antidumping or countervailing duties.
b. When a dispute arises, the Parties shall make every attempt to arrive at a mutually agreeable resolution through consultations.
c. If the Parties fail to resolve the dispute through consultations, either Party may refer the matter to the Joint Committee, which shall be convened and shall endeavor to resolve the dispute.
d. If a dispute referred to the Joint Committee has not been resolved within a period of sixty days after the dispute was referred to it, or within such longer period as the Joint Committee has agreed upon, either Party may refer the matter to a conciliation panel. The conciliation panel shall be composed of three members: each Party shall appoint, within fifteen days of the date of referral, one member, and the two appointees shall choose, within forty-five days of the date of referral, a third who will serve as the chairman. The panel shall establish its own rules of procedure.
e. The panel shall endeavor to resolve the dispute through agreement of the Parties. If the panel fails to reach such a resolution, it shall, within three months after the first member is appointed, present to the Parties a report containing findings of fact, its determination as to whether either Party has failed to carry out its obligations under the Agreement or whether a measure taken by either Party severely distorts the balance of trade benefits accorded by this Agreement or substantially undermines the fundamental objectives of this Agreement, and a proposal on the settlement of the dispute. The report of the panel shall be non-binding.
f. If the conciliation panel under this Agreement or any other applicable international dispute settlement mechanism has been invoked by either Party with respect to any matter, the mechanism invoked shall have exclusive jurisdiction over that matter.
2. After a dispute has been referred to a panel and the panel has presented its report the affected Party shall be entitled so to take any appropriate measure.

ARTICLE 11 [ENTRY INTO FORCE]
1. The entry into force of this Agreement will be subject to the completion of necessary domestic legal procedures by each Party.
2. This Agreement shall enter into force on the date on which both parties have provided written notification to each other that such procedures have been completed with paragraph2.
3. Either Party may terminate this Agreement by written notification to the other Party. This Agreement shall expire twelvemonths after the date of such notification.

ANNEX 1 Implementation of Duty-Free Treatment for SOUTH KOREA Imports of Products of ISRAEL
ANNEX 2 Implementation of Duty-Free Treatment for ISRAEL Imports of Products of SOUTH KOREA
ANNEX 3 Rules of Origin

Offline Profile Quote Post Goto Top
 
10ebbor10
Member Avatar

Mr. Yun Byung-se
Korean Minister of Foreign Affairs

We are in agreement with the agreement as it currently stands, so we believe that we can move on with some additional agreement to improve upon these fresh opportunities. A significant of the COIL-RDF program, as well as several other initiatives could greatly help both our nations.
Offline Profile Quote Post Goto Top
 
1 user reading this topic (1 Guest and 0 Anonymous)
Go to Next Page
« Previous Topic · Round 5 · Next Topic »
Add Reply

Skin created by tiptopolive