Period: 21 Legislative Year: 2 Warning: You Are Viewing Act, The Parliamentary General Assembly Has Already Adopted. If It Does Not Include The Changes Made Later. Government Of The Republic Of Turkey And The Government Of The United States Of America ...

Original Language Title: Dönem : 21 Yasama Yılı : 2 Uyarı: Görüntülemekte olduğunuz Kanun, TBMM Genel Kurulunda kabul edildiği halidir. Varsa daha sonra yapılan değişiklikleri içermemektedir. TÜRKİYE CUMHURİYETİ HÜKÜMETİ İLE AMERİKA BİRLEŞİK DEVLETLERİ HÜKÜMETİ ARASIND

Read the untranslated law here: https://www.tbmm.gov.tr/kanunlar/k4485.html

Law No. 4485 Date of Admission: 12/07/1999 Article 1 - September 29, 1999, signed in Washington, DC "The Government of the Republic of Turkey and the United States Government Agreement on the Development of Trade and Investment Relationship Between" has been used in the validation of. Article 2 - This Law shall enter into force on the date of publication. Article 3 - This Law shall be enforced by the Council of Ministers. REPUBLIC OF TURKEY AND THE GOVERNMENT OF THE UNITED STATES OF AMERICA AGREEMENT Republic of Turkey FOR THE DEVELOPMENT OF TRADE AND INVESTMENT RELATIONS BETWEEN THE GOVERNMENT The Government of the United States Government (individually a "Party" and together the "Parties" will be referred to.): 1. partnership between the two countries, friendship and cooperation the increasing desire of the soul; 2. Both the country's international trade and the desire to further develop bilateral economic relations; 3. In both countries, the World Trade Organization (WTO), taking into account that they are members and who this Agreement, the WTO Marrakech Agreement and the agreements that have been concluded or under the auspices associated with WTO rules, understandings and other documents under noting that without prejudice to rights and obligations; 4. Recognizing my preliminary international trade and the creation of an open and predictable environment for investment; 5. Each Party will win the benefits of increased international trade and investment, describing the investment and trade protectionism measures and the parties accepted the will deprive these benefits; 6. Domestic and foreign private investment, boosting growth, creating jobs, boosting trade, technology development and recognizing the fundamental role in fostering economic development; 7. The Parties to the interests of each of the direct foreign investment Recognizing that make a positive contribution; 8. By accepting the agreement, which was concluded earlier between the United States and the Republic of Turkey, noting that without prejudice to the rights and obligations of the parties under such Agreements of this Agreement; 9. Recognising the growing importance of the service sector in the economy and bilateral relations; 10. Recognizing the need to eliminate non-tariff barriers to facilitate any further access to the two countries' markets; 11. Intellectual property rights to ensuring adequate and effective protection and implementation of intellectual property rights and recognizing the importance of adherence to the contract; 12. Recognizing the importance for the economic prosperity of both countries to work on the international level in accordance with the basic work to comply with accepted standards and incentives based on the principles which constitute the essence of the basic International Labour Organisation Convention; 13 together with the desire to secure the sponsorship in the promotion of sustainable development of trade and environmental policies; 14. To encourage the private sector to facilitate contacts between the two countries and the desire; 15th October 20-21, 1998 Joint Statement of the US-Turkey Joint Economic Commission, which was signed in Ankara on 28 January 1998 by accepting the principles laid down in the Memorandum of Understanding on the establishment of commercial consultation mechanism; 16, including the negotiation of agreements to facilitate the further liberalization of trade, commerce, and to investigate ways to liberalize investment with a view to serve the common interest to establish a bilateral mechanism; The Parties have agreed on the following points: Article 1 The Parties shall, as products and services declare their desire to expand trade in line with the provisions of this Agreement. Parties to facilitate the exchange of such mutually beneficial goods and services and encouraging and favorable conditions for long-term development and take appropriate measures to safeguard the diversity of trade between its citizens and companies. Article 2 Parties, a Turkey-United States will be composed of representatives of both Parties to the Trade and Investment Council (Council) will be established. Parties to the Turkish Undersecretariat of Foreign Trade and the US Trade Representative office of the US Party (ICR) will be president. Both parties, if required by circumstances, will be able to get help from officials of other state institutions. The Council, in both Parties agreed date shall meet at least once a year. Article 3 The purpose of the Council, to organize consultations on significant trade and investment matters of interest to the parties; appropriate arrangements for negotiations To determine is to identify issues which impede trade and investment and work towards eliminating them. Article 4 further enhance bilateral trade and Parties to ensure a steady increase in the exchange of products and services; trade, taxation, intellectual property, investment, labor and environmental issues to be agreed upon by the Parties whether the desire of another agreement that other issues will considered. Article 5 1. Any of the parties, the Reciprocal Promotion and Protection Agreement on Investment, which was signed in Washington on December 3, 1985 between Turkey and the US, "Investment Agreement" any investment stemming from the subject or may request consultations between the Parties on any trade issues . Consultation requests, issues to be discussed will be held in conjunction with the written description and consultations, Parties agreed to a later date on the request, unless they will be held within 30 days from the request. 2. This Agreement shall be from the side or any national law shall prejudice the rights of other documents in the frame. Article 6 of this Agreement, that it is in both countries completed the legal procedures necessary for the entry into force of the Agreement the Parties of the date on which notification will be exchanged into force. Article 7 The parties agreed to the preparation of an action agenda for the Council within 30 days after the entry into force of this Agreement. Article 8 of this Agreement for five (5) shall remain in force for a period of and after six before the effective time (6) months prior to each Party to one as long as the validity of the report in writing a request to terminate to the other Party will be extended automatically by one year each year. These considerations are confirmed, the undersigned, have signed this Agreement duly authorized by their respective Governments. This Agreement; Washington on 29 September 1999, the text was signed in two copies in both Turkish and English languages ​​on an equal level to be effective. GOVERNMENT OF THE REPUBLIC OF THE UNITED STATES GOVERNMENT ON BEHALF Ahmet Kenan TANRIKULU Charlene BARSHEFSKY Minister of Industry and Trade, US Trade Representative