Wto Mutual Recognition Agreements
SHARE

5 This article does not address the question of whether mutual recognition in a regional trade agreement falls within the gaTT Article XXIV exemption, although leading scientists believe that most of these recognition agreements are not covered by the exception. See General Trachtman, Joel P., `Toward Open Recognition? Standardization and regional integration in accordance with GATT Article XXIV, 6 Journal of International Economic Law (2003) 459 CrossRefGoogle Scholar; Bartels, Lorand, “The Legality of the EC Mutual Recognition Clause under WTO Law,” 8 Journal of International Economic Law (2005) 691, at 711-714 CrossRefGoogle Scholar. There are other examples of mutual recognition of the rules, including the EU-US marine equipment regime of 2004, the Trans-Tasman Mutual Recognition Arrangement between Australia and New Zealand (TTMRA) in 1998 and the EU-Switzerland MRA of 2002. If the EU refuses to negotiate a similar mutual recognition system with the UK, the obligation of the most favoured nation (MFN) under WTO law may be contrary to the obligation of the most favoured nation (MFN). The MFN is a non-discrimination rule that requires that any benefit granted to products originating in one country be granted to similar products originating in other countries. However, recent free trade agreements indicate a change in approach and acceptance of “traditional” MMAs. For example, Article 4.6 and Article 7.21, paragraph 4, of the EU-Korea Free Trade Agreement provide for the negotiation of mutual recognition of the assessment of the compliance of goods and services. A traditional MRA is a mutual recognition agreement for “compliance assessment.” 96 This is sometimes referred to as “closed” mutual recognition. See James Mathis, “Addressing Transatlantic Regulatory Barriers: Can the US and the EU Create an Effective Equivalency Instrument?”, in Elaine Fahey and Deirdre Curtin (note. M), A Transatlantic Community of Law: Legal Perspectives on the Relationship between the EU and LEGAL Orders (2014) 186, at Note 38; Trachtman, supra note 5, at 459, 481. 84 Member C may also argue that its technical requirements are equivalent to The Technical Requirements of Member A and require recognition in accordance with Article 2.7 OBT.

However, this is not an MFN claim and is not created by Member A`s MRA with Member B. The pre-benefit or advantage conferred by Member State A in the AMR to Member State B is the recognition of the technical rules of a certain quality and, when an MFN claim is invoked, Member C must argue that its technical rules are of the same quality.

Please fill the details
Thank you for Showing Interest in Saving Tax. Our Advisor will get back to you shortly.
YOU MAY ALSO LIKE
23rd September 2021
Icici Bank Agreement

1. Principles of liability In the performance of its obligations, the Bank is liable for the negligence of its staff and persons as it is required to fulfil its obligations. If the special conditions of certain commercial relations or other agreements contain incompatible provisions, those provisions shall have priority. In the event that the customer has contributed through his own…Read More

23rd September 2021
How To Make Registered Rent Agreement In Pune

The first is mutual agreement. There should be mutual understanding between a landlord and a tenant. If there is no mutual understanding between tenants and landlords, no lease could be possible. You should choose one of the most appropriate contractual options based on your property. For example, if you want to purchase a residential property, you must opt for an…Read More

23rd September 2021
How Do I Print A Rental Agreement

In most cases, leases are considered “monthly” and automatically renew at the end of each period (month), unless otherwise specified by the tenant or lessor. In the case of a rental agreement, the lessor and the tenant are free to modify the contractual conditions at the end of each monthly period (if the corresponding termination procedures are respected). As a…Read More