On 14.04.2016, Council of Ministers' affirming decision
regarding ''Agreement on Investment Under the Framework
Agreement Establishing a Free Trade Area Between the Republic of
Turkey and the Republic of Korea'' ('the
Agreement') was published on the Official Gazette
Since the commencement of political relationship of the
respective countries 67 years ago, the economic relationship has
shown a promising rise in the last 10 years. For example, in 2013,
total trade has generated a volume of USD 6.1 billion. Indeed, it
is safe to assume that the instruments that were entered into force
i.e. ''Framework Agreement Establishing a Free Trade Area
between the Republic of Turkey and The Republic of Korea''
and ''Agreement on Trade in Goods between the Republic of
Turkey and The Republic of Korea'' have devised legal
framework of such increase.
It is in this climate that the Agreement, while substituting and
replacing Bilateral Investment Treaty between Turkey and Korea, it
also seem to enhance scope of investment by adding following
elements in its Section B; licenses, authorizations, permits, and
similar rights conferred pursuant to domestic law as well as
turnkey, construction, management, production revenue-sharing, and
other similar contracts. Notably, the Agreement also introduces an
article to maintain a high level of environmental and health
measures and not lowering these standards in order to attract or
expand investment from the other Party.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
Tightened monetary policies leading to limited capital inflow to the securities market, its low liquidity and significant decrease in stock price partly contribute to the low attractiveness of Vietnam's stock exchange.
Each step taken towards achieving a unified codification on the international business law is of paramount importance in terms of providing parties a neutral, familiar and efficient legal infrastructure.
Once the government notifies the European Council that the UK has decided to leave the EU, the two-year period for the negotiation for exit under Article 50 of the Treaty of the European Union will start.
It is important to examine how the CISG was structured in order to identify where the relevant rules on the contract formation regime are located and examine their interaction with other provisions of the Convention.
The dispute "Russia – Tariff Treatment" deals with the import duties imposed by Russia on certain agricultural and manufacturing products in excess of its bound rates.
Some comments from our readers… “The articles are extremely timely and highly applicable” “I often find critical information not available elsewhere” “As in-house counsel, Mondaq’s service is of great value”
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).