Common use of Additional Measures Clause in Contracts

Additional Measures. Contracting States agree to consider, in addition to the measures set out in Article 7, the adoption of trade facilitation and other measures to support and complement SAFTA for mutual benefit. These may include, among others: - a) harmonization of standards, reciprocal recognition of tests and accreditation of testing laboratories of Contracting States and certification of products; b) simplification and harmonization of customs clearance procedure; c) harmonization of national customs classification based on HS coding system; d) Customs cooperation to resolve dispute at customs entry points; e) simplification and harmonization of import licensing and registration procedures; f) simplification of banking procedures for import financing; g) transit facilities for efficient intra-SAARC trade, especially for the land-locked Contracting States; h) removal of barriers to intra-SAARC investments; i) macroeconomic consultations; j) rules for fair competition and the promotion of venture capital; k) development of communication systems and transport infrastructure; l) making exceptions to their foreign exchange restrictions, if any, relating to payments for products under the SAFTA scheme, as well as repatriation of such payments without prejudice to their rights under Article XVIII of the General Agreement on Tariffs and Trade (GATT) and the relevant provisions of Articles of Treaty of the International Monetary Fund (IMF); and m) Simplification of procedures for business visas.

Additional Measures. Contracting States agree to consider, in addition to the measures set out in Article 7, the adoption of trade facilitation and other measures to support and complement SAFTA for mutual benefit. These may include, among others: -: a) harmonization of standards, reciprocal recognition of tests and accreditation of testing laboratories of Contracting States and certification of products; b) simplification and harmonization of customs clearance procedure; c) harmonization of national customs classification based on HS coding system; d) Customs cooperation to resolve dispute at customs entry points; e) simplification and harmonization of import licensing and registration procedures; f) simplification of banking procedures for import financing; g) transit facilities for efficient intra-SAARC trade, especially for the land-locked Contracting States; h) removal of barriers to intra-SAARC investments; i) macroeconomic consultations; j) rules for fair competition and the promotion of venture capital; k) development of communication systems and transport infrastructure; l) making exceptions to their foreign exchange restrictions, if any, relating to payments for products under the SAFTA scheme, as well as repatriation of such payments without prejudice to their rights under Article XVIII of the General Agreement on Tariffs and Trade (GATT) and the relevant provisions of Articles of Treaty of the International Monetary Fund (IMF); and m) Simplification of procedures for business visas.

Additional Measures. Contracting States agree to consider, in addition to the measures set out in Article 7, the adoption of trade facilitation and other measures to support and complement SAFTA for mutual benefit. These may include, among others: -: a) harmonization of standards, reciprocal recognition of tests and accreditation of testing laboratories of Contracting States and certification of products; b) simplification and harmonization of customs clearance procedure; c) harmonization of national customs classification based on HS coding system; d) Customs cooperation to resolve dispute at customs entry points; e) simplification and harmonization of import licensing and registration procedures; f) simplification of banking procedures for import financing; g) transit facilities for efficient intra-SAARC trade, especially for the land-locked Contracting States; h) removal of barriers to intra-SAARC investments; i) macroeconomic consultations; j) rules for fair competition and the promotion of venture capital;; ACKU k) development of communication systems and transport infrastructure; l; I) making exceptions to their foreign exchange restrictions, if any, relating to payments for products under the SAFTA SAFfA scheme, as well as repatriation of such payments without prejudice to their rights under Article XVIII of the General Agreement on Tariffs and Trade (GATT) and the relevant provisions of Articles of Treaty of the International Monetary Fund (IMF); and m) Simplification of procedures for business visas.