Singapore-Ukraine Free Trade Agreement

The trade agreement contains binding commitments to ensure that the national level of environmental protection and occupational safety is in line with key international standards and agreements. This is an example of the pragmatism and flexibility that the EU has adopted to overcome political obstacles. The Advocate of the European Council considers the decision as an international agreement. However, the Court of Justice of the European Union (ECJ) has ruled that such rare decisions constitute a legal act of the Council and has aligned them with EU instruments. “Those who have the competence to negotiate and conclude trade agreements within the EU were a dispute.” The agreement will ensure that European and Singaporean investors are treated fairly and equitably and are not subjected to discriminatory treatment, such as.B. under this Agreement, importers may claim a preferential duty on the basis of an origin declaration submitted by the exporter. The introduction of the free trade agreement is proof of the growth of economic relations between the two countries. The free trade agreement will strengthen bilateral trade and investment and boost investor and business confidence. Key elements of the Free Trade Agreement include measures to liberalise trade in goods and services and the investment regime, simplify customs procedures, enhance competition, open up public procurement, cooperate in the protection of intellectual property rights, sanitary and phytosanitary measures and technical barriers to trade, and other general provisions. The free trade agreement will also provide a solid basis for cooperation in other areas of mutual interest. Article 207 of the Treaty on the Functioning of the European Union (TFEU) extended the scope of the EU`s common commercial policy to trade in services, commercial aspects of intellectual property and foreign direct investment. In accordance with Article 207 TFEU, the Council normally votes by qualified majority, which excludes the possibility for a Member State to veto a trade agreement. In Opinion 2/15, in the context of a procedure provided for in Article 218(11) of the Treaty on the Functioning of the European Union, the Court will have the opportunity to discuss in plenary whether the proposed free trade agreement between the EU and Singapore falls within the exclusive competence of the EU, so that the Commission can implement and ratify the agreement, or if its content allows Member States: to play a role in the negotiation and ratification of a mixed agreement.

The EU-Singapore Free Trade Agreement covers trade in goods, services, intellectual property and investment. While case law has already decided that the first three areas will fall under the EXCLUSIVE COMPETENCE OF THE EU, the importance of foreign direct investment – which is transferred to the EU`s exclusive competence by Article 207 of the Treaty on the Functioning of the European Union – may require legal clarification. Even before the agreement, almost all products originating in the EU could enter Singapore duty-free. Since the entry into force of the agreement, Singapore has been required to grant duty-free access to all products from the EU, including those previously subject to tariffs (such as beer and stout). The Free Trade Agreement between the Republic of Macedonia and Ukraine was signed in Skopje on 18 January 2001 and ratified by Law no. 2599-III of Ukraine of 5 July 2001. This Agreement concerns the elimination of trade restrictions on industrial and agricultural goods, the creation of conditions for fair competition in trade, the creation of conditions for the further promotion of investment, the development of joint investment projects and the protection of intellectual property and cooperation between the Contracting Parties on the markets of third countries. .

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