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Agreements > Panama-Taiwan

About the Agreement

 Panama - Taiwan Free Trade Agreement

  Signature: 2003-August-21
  Entry into Force: 2004-January-01

Index

Topics Covered in the Agreement

Initial Provisions
Definitions
Trade in Goods

Tariff reduction

Tariff Schedules

Rules of Origin

Specific Rules of Origin

Customs Procedures
Safeguards
Unfair Trade Practices
Sanitary and Phytosanitary Maesures
Technical Barriers to Trade
Investment

Annex - Services list

Cross-Border Trade in Services

Annex - Services list

Financial Services

Annex - Services list

Telecommunications
Temporary Entrance of Business Persons
Competition Policy
IPR
Transparency
Agreement Administration
Dispute Settlement
Exceptions
Final Provisions
 
Preamble    
     
Part One General Aspects  
     
Chapter 1 Initial Provisions

Article 1.01

Establishment of the Free Trade Area  

Article 1.02

Enforcement  

Article 1.03

Relation to Other International Agreements  

Article 1.04

Successor Agreement  
     
Chapter 2 General Definitions

Article 2.01

Definitions of General Application  
  Annex 2.01: Country Specific Definitions  
     
Part Two Trade in Goods  
     
Chapter 3 National Treatment and Market Access for Goods
Section A Definitions and Scope of Application  

Article 3.01

Definitions  

Article 3.02

Scope Of Application  
Section B National Treatment  

Article 3.03

National Treatment  
Section C Tariffs  

Article 3.04

Tariff Reduction Schedule         

Article 3.05

Temporary Admission of Goods  

Article 3.06

Duty-Free Entry of Certain Commercial Samples of Negligible Value or of Non-Commercial Value and Printed Advertising Materials  

Article 3.07

Goods Re-Entered after Repair or Alteration  

Article 3.08

Customs Valuation  
Section D Non-Tariff Measures  

Article 3.09

Domestic Supports  

Article 3.10

Export Subsidies  

Article 3.11

Import and Export Restrictions  

Article 3.12

Customs Processing Fees and Consular Fees         

Article 3.13

Country of Origin Marking  

Article 3.14

Export Taxes  

Article 3.15

Measures under Intergovernmental Agreements  

Article 3.16

Committee on Trade in Goods  
  Annex 3.04: Tariff Reduction Schedule of the ROC  
  Annex 3.04: Tariff Reduction Schedule of Panama  
  Annex 3.11(6): Import and Export Restrictions  
  Annex 3.16: Committee on Trade in Goods  
     
Chapter 4 Rules of Origin

Article 4.01

Definitions  

Article 4.02

 Application Instruments and Interpretation  

Article 4.03

Originating Goods  

Article 4.04

Minimal Operations or Processes  

Article 4.05

Indirect Materials  

Article 4.06

Accumulation  

Article 4.07

Regional Value Content  

Article 4.08

De Minimis  

Article 4.09

Fungible Goods  

Article 4.10

Sets or Assortments of Goods  

Article 4.11

Accessories, Spare Parts and Tools  

Article 4.12

Containers and Packaging Materials for Retail Sale  

Article 4.13

Containers and Packing Materials for Shipment  

Article 4.14

Transshipment  
  Annex 4.03: Specific Rules of Origin  
     
Chapter 5 Customs Procedures

Article 5.01

Definitions  

Article 5.02

Certification of Origin  

Article 5.03

Obligations Regarding Importation  

Article 5.04

Obligations Regarding Exportation  

Article 5.05

Records  

Article 5.06

Origin Verification Procedure  

Article 5.07

Advance Rulings  

Article 5.08

Confidentiality  

Article 5.09

Recognition and Acceptance of the Re-Exportation Certificate  

Article 5.10

Penalties  

Article 5.11

Review and Appeal  

Article 5.12

Uniform Regulations  

Article 5.13

Cooperation  
     
Chapter 6 Safeguard Measures

Article 6.01

Definitions         

Article 6.02

Bilateral Safeguard Measures  

Article 6.03

Global Safeguard Measures  

Article 6.04

Administration of Safeguard Measure Proceedings  

Article 6.05

Dispute Settlement in Safeguard Measure Matters  
  Annex 6.01: Investigating Authority  
     
Chapter 7 Unfair Trade Practices

Article 7.01

Scope and Coverage  

Article 7.02

Obligation for Completing an Investigation  
     
Part Three Technical Barriers to Trade  
     
Chapter 8 Sanitary and Phytosanitary Measures

Article 8.01

Definitions  

Article 8.02

General Provisions  

Article 8.03

Rights of the Parties  

Article 8.04

Obligations of the Parties  

Article 8.05

International Standards and Harmonization  

Article 8.06

Equivalence  

Article 8.07

Assessment of Risk and Determination of the Appropriate Level of Sanitary and Phytosanitary Protection  

Article 8.08

Recognition of Pest- or Disease- Free Areas and Areas of Low Pest or Disease Prevalence  

Article 8.09

Control, Inspection and Approval Procedures  

Article 8.10

Transparency  

Article 8.11

Committee on Sanitary and Phytosanitary Measures  

Article 8.12

Technical Cooperation  
  Annex 8.11: Committee on Sanitary and Phytosanitary Measures  
     
Chapter 9 Measures on Standards, Metrology and Authorization Procedures

Article 9.01

Definitions  

Article 9.02

General Provisions  

Article 9.03

Scope and Coverage  

Article 9.04

Basic Rights and Obligations  

Article 9.05

Assessment of Risk  

Article 9.06

Compatibility and Equivalence  

Article 9.07

Conformity Assessment  

Article 9.08

Authorization Procedures  

Article 9.09

Metrology  

Article 9.10

Notification  

Article 9.11

Information Centres  

Article 9.12

Committee on Standards, Metrology and Authorization Procedures  

Article 9.13

Technical Cooperation  
  Annex 9.11(2): Information Centres  
  Annex 9.12: Committee on Standards, Metrology and Authorization Procedure  
     
Part Four Investment, Services and Related Matters  
     
Chapter 10 Investment
Section A Investment  

Article 10.01

Scope and Coverage  

Article 10.02

National Treatment  

Article 10.03

Most-Favored-Nation Treatment  

Article 10.04

Fair and Equitable Treatment  

Article 10.05

Standard of Treatment  

Article 10.06

Compensation for Losses  

Article 10.07

Performance Requirements  

Article 10.08

Senior Management and Boards of Directors  

Article 10.09

Reservations and Exceptions  

Article 10.10

Transfers  

Article 10.11

Expropriation and Compensation  

Article 10.12

Special Formalities and Information Requirements  

Article 10.13

Relation to Other Chapters  

Article 10.14

Denial of Benefits  

Article 10.15

Environmental Measures  
Section B Settlement of Disputes between a Party and an Investor of the Other Party  

Article 10.16

Purpose           

Article 10.17

Claim by an Investor of a Party on Its Own Behalf  

Article 10.18

Claim by an Investor of a Party on Behalf of an Enterprise  

Article 10.19

Settlement of a Claim through Consultation and Negotiation  

Article 10.20

Notice of Intent to Submit a Claim to Arbitration  

Article 10.21

Submission of a Claim to Arbitration  

Article 10.22

Conditions Precedent to Submission of a Claim to Arbitration  

Article 10.23

Consent to Arbitration  

Article 10.24

Number of Arbitrators and Method of Appointment  

Article 10.25

Constitution of a Tribunal When a Party Fails to Appoint an Arbitrator or the Disputing Parties Are Unable to Agree on a Presiding Arbitrator  

Article10.26

Agreement to Appointment of Arbitrators  

Article 10.27

Consolidation  

Article 10.28

Notice  

Article 10.29

Participation by a Party  

Article 10.30

Documents  

Article 10.31

Venue of Arbitration  

Article 10.32

Governing Law  

Article 10.33

Interpretation of Annexes  

Article 10.34

Expert Reports  

Article 10.35

Interim Measures of Protection  

Article 10.36

Final Award  

Article 10.37

Finality and Enforcement of an Award  

Article 10.38

General Provision  
Section C Definitions  

Article 10.39

Definitions  
  Annex 10.38(2): Delivery of Notifications and Other Documents  
     
Chapter 11 Cross Border Trade in Services

Article 11.01

Definitions  

Article 11.02

Scope and Coverage  

Article 11.03

National Treatment  

Article 11.04

Most-Favored-Nation Treatment  

Article 11.05

Standard of Treatment  

Article 11.06

Local Presence  

Article 11.07

Permission, Authorization, Licensing and Certification  

Article 11.08

Reservations  

Article 11.09

Quantitative Restrictions  

Article 11.10

Denial of Benefits  

Article 11.11

Future Liberalization  

Article 11.12

Procedures  

Article 11.13

Disclosure of Confidential Information  

Article 11.14

Committee on Investment and Cross-border Trade in Services  
  Annex 11.14: Committee on Investment and Cross-border Trade in Services  
     
Chapter 12 Financial Services

Article 12.01

 Definitions  

Article 12.02

Scope and Coverage  

Article 12.03

Self-regulatory Organizations  

Article 12.04

Right of Establishment  

Article 12.05

Cross-border Trade  

Article 12.06

National Treatment  

Article 12.07

Most-Favored-Nation Treatment  

Article 12.08

Recognition and Harmonization  

Article 12.09

Exceptions  

Article 12.10

Transparency  

Article 12.11

Committee on Financial Services  

Article 12.12

Consultations  

Article 12.13

New Financial Services and Data Processing  

Article 12.14

Senior Management and Board of Directors  

Article 12.15

Reservations and Specific Commitments  

Article 12.16

Denial of Benefits  

Article 12.17

Transfers  

Article 12.18

Dispute Settlement Between the Parties  

Article 12.19

Investment Disputes Settlement in Financial Services Between an Investor of a Party and the Other Party  
  Annex 12.11: Committee on Financial Services  
     
Chapter 13 Telecommunications

Article 13.01

Definitions         

Article 13.02

Scope and Coverage  

Article 13.03

Access to and Use of Public Telecommunications Transport Networks and Services  

Article 13.04

Conditions for the Provision of Enhanced or Value-added Services  

Article 13.05

Standards-Related Measures  

Article 13.06

Monopolies or Anti-competition Practice  

Article 13.07

Transparency  

Article 13.08

Relation to Other Chapters  

Article 13.09

Relation to Other International Organizations and Agreements  

Article 13.10

Technical Cooperation and Other Consultations  
  Annex 13.01(a): Conformity Assessment Procedure  
  Annex 13.01(b): Private Networks Interconnection (Private Circuits)  
     
Chapter 14 Temporary Entrance of Business Persons

Article 14.01

Definitions  

Article 14.02

General Principles  

Article 14.03

General Obligations  

Article 14.04

Grant of Temporary Entry  

Article 14.05

Provision of Information  

Article 14.06

Dispute Settlement  

Article 14.07

Relation to Other Chapters  
  Annex 14.04: Temporary Entry For Business Persons  
  Annex 14.04(1): Special Provision Regarding Temporary Entry Of Business Persons  
  Appendix 14.04(A)(1): Business Visitors  
  Appendix 14.04(A)(3): Existing Immigration Measures  
     
Part Five Competition Policy  
     
Chapter 15 Competition Policy, Monopolies, and State Enterprises
Section A Competition Policy  

Article 15.01

Objectives  

Article 15.02

Cooperation  
Section B Monopolies and State Enterprises  

Article 15.03

Monopolies and State Enterprises  
     
Part Six Intellectual Property Rights  
     
Chapter 16 Intellectual Property
Section A General Provisions  

Article 16.01

General Provisions  
Section B Protection of the Intellectual Property Rights  

Article 16.02

General Obligations  

Article 16.03

Exhaustion of the Copyright and Related Rights  

Article 16.04

Protection of Geographic Indications  

Article 16.05

Protection of Traditional Knowledge  

Article 16.06

Protection of Folklore  

Article 16.07

Relation between Access to Genetic Resources and Intellectual Property  

Article 16.08

Plant breeders  
Section C Enforcement  

Article 16.09

Applications  

Article 16.10

Enforcement of Intellectual Property Rights  

Article 16.11

Enforcement of Border Measures  

Article 16.12

Transparency  

Article 16.13

Committee on Intellectual Property  

Article 16.14

Technical Cooperation  
  Annex 16.13: Committee on Intellectual Property  
     
Part Seven Administrative and Institutional Provisions  
     
Chapter 17 Transparency

Article 17.01

Definitions  

Article 17.02

Information Centre  

Article 17.03

Publication  

Article 17.04

Provision of Information  

Article 17.05

Guarantees on Hearing, Legality and Due Process  

Article 17.06

Administrative Proceedings for Adopting Measures of General Applications  

Article 17.07

Review and Appeal  

Article 17.08

Communications and Notifications  
     
Chapter 18 Administration of the Agreement
Section A Commission, Sub-Commission and Secretariat  

Article 18.01

Administrative Commission of the Agreement        

Article 18.02

Administrative Sub-commission of the Agreement  

Article 18.03

Secretariat  
Section B Committees, Sub-Committees and Expert Groups  

Article 18.04

General Provisions  

Article 18.05

Committees  

Article 18.06

Sub-committees  

Article 18.07

Expert Groups  
  Annex 18.01: Members of the Administrative Commission of the Agreement  
  Annex 18.02: Members of the Administrative Sub-Commission of the Agreement  
  Annex 18.03: Remuneration and Payment of Expenses  
  Annex 18.04: Committee  
     
Chapter 19 Dispute Settlement
Section A Dispute Settlement  

Article 19.01

Definitions  

Article 19.02

General Provisions  

Article 19.03

Scope of Application  

Article 19.04

Choice of Fora  

Article 19.05

Urgent Cases  

Article 19.06

Consultations  

Article 19.07

Commission Intervention  

Article 19.08

Good Offices, Conciliation and Mediation  

Article 19.09

Request for the Establishment of an Arbitral Group  

Article 19.10

List of Arbitrators  

Article 19.11

Qualifications of the Arbitrators  

Article 19.12

Composition of the Arbitral Group  

Article 19.13

Model Rules of Procedure  

Article 19.14

Information and Technical Advice  

Article 19.15

Preliminary Report  

Article 19.16

Final Report  

Article 19.17

Implementation of the Final Report  

Article 19.18

Suspension of Benefits  
Section B Domestic Proceedings and Settlement of Private Commercial Disputes  

Article 19.19

Interpretation of the Agreement Before Judicial and Administrative Proceedings  

Article 19.20

Private Rights  

Article 19.21

Alternative Dispute Settlement Methods Between Individuals  
  Annex 19.03: Nullification and Impairment