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Bilateral Conference; Israel and South Korea
Topic Started: Oct 8 2014, 11:51 PM (182 Views)
C.E
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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



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

I welcome the approval of our draft.

Now in regards to Joint Projects, I would propose that each party assigns approximately $ 800 million for said projects and that we agree upon two projects. I am interessted in hearing about COIL-RDF program?
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10ebbor10
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Such a proposal is acceptable, and we wonder what projects you had in mind. Nevertheless, we think that aside from several large scale programs, we should also encourage small scale innovation by start-up's and encourage exchange of experience and technology in those areas.

Ooc: http://www.koril-rdf.or.kr/english/index.php
I'm not that good at remembering acronyms, apparently.
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Posted Image אביגדור ליברמן‎ |Avigdor Lieberman
Israeli Minister of Foreign Affairs

Mr. Yun Byung-se,

Can the Republic of Korea agree to the following agreement including its annexes?

RoK-Israeli 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 liberalize 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 liberalize, 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 SOUTH KOREA 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 request 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. I oked by either Party with respect to any matter, the mechanism invoked shall have exclusive jurisdiction over that matter.
2. f the conciliation panel under this Agreement or any other applicable international dispute settlement mechanism has been invAfter 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
ANNEX 4 AGREEMENT ON JOINT R&D SUPPORT
ANNEX 5 AGREEMENT ON FEASIBILITY STUDY FOR SOUTH KOREAN AIR DEFENSE SHIELD



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ANNEX 4 – AGREEMENT ON JOINT R&D SUPPORT

The PARTIES agrees to further support on-going research and development projects through the Korea-Israel Industrial R&D foundation and welcomes new projects within this framework

SOUTH KOREA shall allocate $ 350 Million to the Korea-Israel Industrial R&D foundation
ISRAEL shall allocated $ 350 Million to the Korea-Israel Industrial R&D foundation

Further the PARTIES shall allocate $ 400 million each, which totals $ 800 million to Joint Research Projects within the following categories:
(a) Nanotechnology
(b) Solar Power and Generation
(c) Communications Technologies
(d) Engines – Hybrid



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ANNEX 5 – AGREEMENT ON FEASIBILITY STUDY FOR SOUTH KOREAN AIR DEFENSE SHIELD

The PARTIES shall establish and formulate a feasibility study that aims to the development of an the Korean-Israeli indigenous Air Defense System. The Feasibility study shall be funded by South Korea and focus on South Korean requirements with the support from Israeli Defense contractor, RAFAEL Advanced Defense Industries and Israel Aerospace Industries (IAI) each awarded a contract of $ 5.0 million.

The Feasibility study shall assess:
(a) South Korean requirements
(b) Integration of proven technologies
(c) Development of new system
(d) Requirement for Third Party assistance.



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10ebbor10
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The Republic of Korea is in full agreement about the proposed agreement.
Edited by 10ebbor10, Oct 20 2014, 09:19 AM.
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Posted Image אביגדור ליברמן‎ |Avigdor Lieberman
Israeli Minister of Foreign Affairs

Mr. Yun Byung-se,

Your approval absolutely delights me. I recommend that we proceed to a signature ceremony and concludes this most mutual beneficial conference that will establish a new era in Isreali-Korean relations.
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