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| Syrian European Partnership | |
The Association Agreement has been signed with first initials. Trade between Syria and the 25 EU member states will be liberalized by gradually decreasing custom duties in accordance with a 12-year schedule, after the association agreement is ratified by the EU Parliaments, where a number of provisions will be set to exempt Syrian products by creating the value-added tax and the certificate of origin, keeping in mind that most EU exports to Syria are allowed to be imported and that most of our imports (more than one third) are of European origin. This applies also to our exports (most of which comprise raw materials such as oil, cotton, tobacco, phosphate etc.)
Association between the Belgium-Luxemburg Economic Union
and the Syrian Arab Republic 2004
An association Agreement has been concluded between the Belgian- Luxemburg Economic Union and Syria aiming to enhance trade and protect capitals.
Article No 1: Definitions.
Article No 2: Capital Promotion.
Article No 3: Capital Protection.
Article No 4: National treatment and the Most Favoured Nations.
Article No 5: Environment:
Taking into consideration each participating country’s right to maintain the required national standards as to protect its environment.
Article No 6: Labor:
According to the Association, all participating countries have endorsed accepting all job applicants from all participating countries, pursuant to the reciprocal association, in any of the regions of the participating countries, whose rights are compatible with the international labor rights.
Article No 7: Property Protection:
All member countries shall commit themselves not to handle or take any past or local property or any financial revenues resulting directly or indirectly form any member country’s capital investment within its own region.
Article No 8: Concession & Transfer of Property:
Each member country should grant any of the participants the freedom of transfer and waiver and all types of capital payments.
Article No 9: Provocation, Bribery:
In case any member country is provoked or bribed via paying compensations to any of its participants, in case such payments are made to an agent to protect the capital of other participating countries, the later maintains that the capital shareholder is entitled to sue the bribing country.
Article No 10: Special Agreements:
Such agreements are meant to cover or maintain the successive capitals shared between a member country and a shareholders of another participating country according to a special agreement assigned by this association and other associations.
Article No 11: Capital Repayment:
1.Settlement of amounts by any party should be notified in writing.
2.Lack of the right Directive, regarding to deliberating parties, for more than six months of the discussion declaration date, cancels this discussion, according to the shareholder’s Directive, and puts to justice where the capital is, or to international arbitration.
Article 12: Deliberation among member countries on the interpretation and implementation of this agreement:
1.Any deliberation pertaining to the implementation or interpretation of this association shall be as adequate as possible according to political changes.
2.In case of instability due to political variations, deliberations shall be entrusted to a joint agency comprising representatives of both parties.
3.In case the agency fails to solve the deliberations, the case is referred to a judicial court under the charge of participating parties.
Article 13: Application:
This association agreement should be applied to all productive capitals, after being signed by shareholders of one of the participating parties, in their area or to another participating party who abides by the association’s provisions and regulation.
Article 14: Commitment and duration of the association agreement:
1.This association agreement will be binding one month after the contract exchange and the ratification of the association by participating parties. The association shall be valid for only ten years.
2.The capital paid before the validity date shall be covered according to the articles of this agreement until its expiry date after ten years.
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