Commission.

The working groups and committees of NAFTA also helped make the process of implementation of NAFTA in a more smooth to create a forum to explore ways dalneshey trade liberalization among member countries. An example is the consistent policy of Canada to an accelerated reduction of tariffs on certain goods. In addition, working groups and committees NAFTA creates an arena for discussion of controversial issues, free from politics, and, using a discussion of problems at an early stage of their development, helping to avoid the dispute resolution procedures. Currently, most of the trade carried out in North America, occurs in accordance with clear, concise and well-established rules of NAFTA and World Trade Organization (WTO). However, despite this, sales of this magnitude has raised controversial issues. If you have any similar situations NAFTA stands for a friendly settlement of the dispute States whose interests are affected, with the help of committees and working groups of NAFTA or other advisory bodies. In the event that vzaimopriemlimoe decision will not be found, NAFTA provides for quick and effekttivnoe consideration of the issue by the expert group. Administering the provisions of NAFTA-related disputes, the responsibility of the Canadian, American and Mexican National Section secretary NAFTA. In the first nine months of 1996 - 97 financial year, the Secretariat has appointed 14 reviews by expert groups in accordance with Chapter 19 of the Agreement and a review of an arbitration under Chapter 20. In 1996, the eight decisions were taken by an expert group in accordance with Chapter 19 and one report of the expert group in accordance with Chapter 20. Twentieth head the North American Free Trade Agreement installed institutional mechanism and procedure for resolving disputes. At the end of 1996, in accordance with this Chapter 11 consultations were required on 10 occasions, one of whom had been referred for arbitration review. In the fourteenth chapter further specifies the special procedures to resolve any disputes relating to financial services. Based on the Canada-United States Free Trade Agreement (FTA), NAFTA includes (in Chapter 19) a unique system of peer review of the two countries, national decisions on antidumping and countervailing duties, thereby replacing the legal consideration, and each of the three countries . Since NAFTA was already 73 at the request Considering the issue by the expert group in accordance with Chapter 19 of the Agreement. With regard to resolving issues related to investment, NAFTA uses the "mixed" arbitration between the investor, whose interests are damaged, and the Governments concerned, based on the general procedures established by the Canadian agreements on the protection of foreign investment and world banking center of the settlement of disputes relating to investments . NAFTA also requires national agencies to respect the principles of fairness and transparency. At the national sections of NAFTA lies otvetstvennot and for the settlement of disputes in other free trade agreements concluded by these countries are not under the NAFTA. For example, in 1997 at the Canadian Section of the NAFTA Secretariat, was responsible for the administration of dispute resolution under Chapter 8 of the Canada-Israel Free Trade Agreement, and the same responsibility for the Canada-Chile Free Trade Agreement.

Continued


Related:

The magnitude of the economic relationship the United States, Canada and Mexico through trade and capital flows can be measured by the following data. In the United States implemented approximately 75-80% of Canadian exports (20% of the GDP of Canada). The proportion of dollars in foreign direct investment in Canada - over 75% in the... Next

United States Participation in the regional integration process has become a powerful factor in long-term positive impact on domestic economic development. Total trade with Mexico only for 1993-1997 increased almost 2.5 times (from 80.5 billion dollars to 197 billion) in Canada - almost 2-fold (from 197 to... Next

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