Free Trade Agreement (FTA) Nicaragua Taiwan

Free Trade Agreements (FTA) of Nicaragua - Taiwan Free Trade Agreements (FTAs)

Course summary Free Trade Agreement (FTA) Nicaragua Taiwan

The free Trade Agreement (FTA) Nicaragua – Taiwan entry into Force on 01 January 2008

“The Parties to this Agreement, consistent with Article XXIV of the General Agreement on Tariffs and Trade 1994 and Article V of the General Agreement on Trade in Services, hereby establish a free trade area”.

The objectives of the Free Trade Agreement (FTA) Nicaragua – Taiwan, as elaborated more specifically through its principles and rules, including national treatment, most-favored-nation treatment, and transparency, are to:
(a) encourage expansion and diversification of trade between the Parties;
(b) eliminate barriers to trade in, and facilitate the cross-border movement of, goods and services between the territories of the Parties;
(c) promote conditions of fair competition in the free trade area;
(d) substantially increase investment opportunities in the territories of the Parties;
(e) provide adequate and effective protection and enforcement of intellectual property rights in each Party’s territory;
(f) create effective procedures for the implementation and application of this Agreement, for its joint administration, and for the resolution of disputes; and
(g) establish a framework for further bilateral, regional, and multilateral cooperation to expand and enhance the benefits of this Agreement.

Agreement was reached on a wide range of topics covered by provisions in 22 chapters of the draft agreement. These include the removal of technical trade barriers, establishment of sanitary and phytosanitary standards, customs administration and cross-border trade in services.

Topics Covered in the Agreement
- Initial Provisions
- General Definitions
- National Treatment and Market Access for Goods
- Customs Tariff Elimination
- Rules of Origin
- Specific Rules of Origin
- Trade Facilitation
- Safeguard Measures
- Unfair Trade Practices
- Sanitary and Phytosanitary Measures
- Technical Barriers to Trade
- Investment
- Non-Conforming Measures
- Cross-Border Trade in Services
- Non-Conforming Measures
- Financial Services
- Non-Conforming Measures
- Telecommunications
- Electronic Commerce
- Temporary Entry for Business Persons
- Competition Policy
- Intellectual Property Rights
- Labor
- Environment
- Transparency
- Administration of the Agreement
- Dispute Settlement
- Exceptions
- Final Provisions

Free Trade Agreement (FTA) Nicaragua Taiwan:

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