Archive for September 26th, 2021

26th September
2021
written by Tellus

Turkey, as a contracting party to the WTO`s General Agreement on Tariffs and Trade (GATT), implements free trade agreements in accordance with Article XXIV of the GATT 1947. Under this Article, Turkey may grant, under certain conditions, favourable treatment to its trading partners within a customs union or free trade area, without extending this treatment to all WTO Members. (4) Free Trade Agreement between the Republic of Macedonia and the Republic of TurkeyThe Free Trade Agreement between the Republic of Macedonia and the Republic of Turkey governs trade between the two countries and applies from 1 September 2000. 5) Stabilisation and Association Agreement The Turkey-EU Customs Union has abolished customs duties, quantitative restrictions and measures with equivalent effect in trade in industrial goods in order to guarantee the free movement of goods. As a result of the customs union, Turkey opened its internal market to competition in the EU and third countries and guaranteed its exporters free access to the EU market. In addition, Turkey has committed to adapt to the preferential regimes applied by the EU towards third countries and to align its legislation in a wide range of areas, including standards and technical legislation, as well as competition policy, with the acquis communautaire. However, trade in agricultural products shall be managed under the preferential arrangements between the Contracting Parties; while trade in steel products is governed by the Free Trade Agreement between Turkey and the European Coal and Steel Community. The EU and Turkey are bound by a customs union agreement which entered into force on 31 December 1995. The Commission`s proposal was based on extensive preparatory work during 2016, including a public stakeholder consultation, a detailed impact assessment and a study by an external consultant. However, the Council has not yet adopted the mandate.

Turkey is a member of the Euro-Mediterranean Partnership (Euromed) and, as such, should conclude free trade agreements with all other Mediterranean partners in order to create a Euro-Mediterranean free trade area. The customs union entered into force on 31 December 1995. It covers all industrial goods, but not agriculture (with the exception of processed agricultural products), services or public procurement. Bilateral trade concessions apply to agricultural products as well as coal and steel products. The Republic of Macedonia currently has five free trade agreements covering 40 trading partners: 27 EU Member States, 4 EFTA countries, 7 CEFTA parties, Turkey and Ukraine. The main objective of the conclusion of the agreements is to promote the growth of trade between the parties, the increase of foreign direct investment, the elimination of tariff and non-tariff barriers and to increase the transparency of trade policy. . . .

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26th September
2021
written by Tellus

So far, LLP Rules has imposed numerous forms in 2009 to be submitted to MCA in order to obtain a successful LLP agreement. Understanding LLP requirements is essential for establishing a flawless and accurate LLP agreement. The advice of a good legal advisor in India can enable business owners to have an LLP agreement in accordance with their requirements and wishes. Here are the main types of LLP agreements. It contains all definitions of terms used in the LLP Agreement. After its creation, the contract must be concluded within 30 days, in accordance with the LLP Act 2008. The LLP agreement exists between all partners and designated partners. The agreement must contain the date and conclusion of an agreement. Setting up a business in India is not a one-size-fits-all legal procedure, but requires a number of formalities to complete. One of the business structures favored by a majority of new companies in India is a limited liability partnership (LLP), which requires registering a business with MCA, obtaining DPIN for partners, rebooking names and liability partnership (LLP). In our latest findings, we`re going to shed some light on an LLP agreement using an LLP contract template and the main provisions of the agreement. For the proper functioning of LLPs and to avoid friction between partners, an agreement must be correct and error-free. .

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