The People`s Republic of China has concluded bilateral trade agreements with the blocs, countries and their two special administrative regions: Turkey has concluded bilateral and multilateral agreements with: investment protection disciplines are in line with those usually found in bilateral investment protection agreements, including provisions on promotion and protection, national treatment and the most favourable treatment, taxation, expropriation and compensation, national regulations, languages and key personnel. The agreement also provides for the possibility of direct settlement of disputes between a party to the agreement and an investor of another party. Such disputes may be subject to compulsory arbitration, provided that both parties so agree. Reservations to this chapter are contained in annex XI. EFTA has concluded bilateral agreements with the following countries – including dependent areas – and blocs: are there any differences between them? In theory, economic partnership or large-scale cooperation agreements should have a wider scope than free trade agreements. In practice, there is no difference between them. Both terms are used synonymously. The chapter on trade in services covers the liberalization of the four types of services within the meaning of the WTO GATS in all services sectors, with the exception of air transport. The liberalisation of services is carried out according to the timetables of specific commitments. The commitment plans shall be reviewed at least every two years and the Parties have undertaken to liberalise all trade in services within ten years. Free Trade Agreements and Comprehensive Economic Partnership Some of our agreements are called free trade agreements, such as the one with the United States. Others are referred to as comprehensive economic partnership or cooperation agreements, such as the one with India. The Eurasian Economic Union, composed of Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan, has concluded the following free trade agreements, see below.
It is estimated that our free trade agreements with countries account for more than 85% of global GDP and account for more than 90% of Singapore`s trade. It`s a very impressive performance. Free trade and the WTO It is well known that Singapore`s foreign trade is three times larger than its economy. Trade is therefore our vital element. The rise of Singapore and other East and Southeast Asian countries is mainly due to the freedom and openness of trade and the international division of labor. . . .