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General Trade Agreement with Dankuk(Authorizes Trade with Dankuk)
This treaty was drafted in November 4502 by the Sunrise Party 해돋이당.
Status: ratification[?]
Description[?]
| This treaty is to provide strong trade and relations between Dankuk and Signatory States Article 1: Market Access Retail goods to non-corporate consumers from Dankuk and vice-versa shall receive a duty of 0%. Article 2: Economic Cooperation Each party agrees to promote mutual economic and social cooperation in support of the economic integration of the parties and the economic and social development of the parties. Article 3: Double Taxation With further bilateral agreements, the parties agree to work towards the prevention of double taxation. Article 4: Trade Promotion The contracting nations pledge to establish trade promotion programmes, facilitate private and public trade missions and promote the continuous exchange of information, market studies and activities leading to the maximum utilisation of opportunities offered by the liberalisation of trade. Article 5: Investment The parties agree to promote, protect and facilitate investment between each other through the development and implementation of an agreement on the asymmetrical promotion and protection of investments. Article 6: Products of Trade Any material with origin from either signatory nations shall be considered originating regardless of the material and its production origins. These include fuel, electrical energy, gloves, protective eye masks, footwear, apparel, security and military equipment and accessories, spare parts, lubricants, oils any other equipment apart of the groups above. Article 7: Compensation for Losses The contracting nations whose investments are lost to nationalisation or other such state confiscation not ordered by a duly constituted court of law in pursuance of criminal prosecution made by a due process of law are obligated to file a Compensation Request with the Ministry of Foreign Affairs and the Ministry of Trade and Industry of the confiscating nation. The confiscating nation is obligated to compensate all loss of assets, intrinsic value, and goodwill. Article 8: Trade in Finances The parties recognise the important role of trade financing in the development/fostering of trade. The parties agree to encourage banks and other financial institutions engaged in foreign trade to increase their support to exporters/importers in the respective territories of the parties. The support mentioned shall include the establishment of lines of credit, the establishment of export credit insurance, the establishment of a joint finance committee with the aims of reviewing the competitiveness of credit terms and financial cooperation. Article 10: Friendship Both parties pledge friendship and good relations with each other. Kim Yi Minister of Foreign Affairs of Dankuk |
Articles[?]
The treaty consists of the following articles.
Ratifiers[?]
The treaty has been formally ratified by the following nations.
| Nation | Date |
Pending Ratifications
Compliance[?]
The treaty contains no articles that can be verified.
Ratification
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Ratification Map
| Random fact: All role-play must respect the established cultural background in Culturally Protected nations. |
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