Export Structure from South Korea to EU and FTA Application Plan
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09年慈溪市招商文本(一)慈溪概况Cixi Overview区域环境Regional Environment慈溪位于东海之滨,东离宁波60公里,北距上海148公里,西至杭州138公里,属亚热带季风气候,年平均气温16℃,年平均降水量1260毫米。
全市现有区域总面积1361平方公里,户籍人口103万。
Cixi, 60 km from Ningbo on the east, 138 km from Hangzhou on the west and 148 km from Shanghai on the north across the sea, is located in the coastal area of eastern Zhejiang Province. It is in the area of subtropical monsoon climate, with annual average temperture of 16℃and annual average precipitation of 1260 mm. The city covers an area of 1154 km2. The population is 1.03 million.慈溪历史悠久,人杰地灵。
这座围垦城市,从“唐涂宋地”而成,区域内75%的土地都是海涂围垦而来,尚有吴淞零点高程以上滩涂50万亩,是长三角南翼最大的滩涂资源。
移民文化与围垦文化伴随,慈溪现有82万外来打工者安居乐业。
慈溪是座创业城市,每5户家庭拥有一家工商企业,占宁波市三成的6万纳税人孕育激荡着区域经济的生机活力。
慈溪是经济强市,牢固树立农业稳市、工业强市、三产兴市的发展理念。
Cixi is a city with a long history, millenium blessed land and talented people. It has a long reclaimation history since Tang Dynasty, 75% of the city is reclaimed. There are still 333.3 km2mudflat with Wusong zero point height remained, which is the largest mudflat resource in the southern part of Yangtze River Delta. At present, 820 thousand migrant workers are working and living happily in Cixi. And also, the city is full of entrepreneurs—there is one industrial and commercial enterprise in every 5 families. Taking 30% of taxpayers of Ningbo, these entrepreneurs bring vigorous economic vital to the city, which made Cixi a city with great economic strength.杭州湾跨海大桥建成通车,慈溪至上海的距离缩短到148公里,全面融入以上海为中心,150公里为半径的中国最具经济活力的区域——大上海经济圈,是长三角经济圈沪、杭、甬经济金三角的中心地带,是浙江省环杭州湾产业带黄金区域,也是宁波都市区北部的重要经济一极。
Import to export进口商to 出口商Dear Sirs:We have been informed by Mr. Li Ming, the Chinese Commercial Counselor in CHINA, that your corporation specializes in exporting various 产品,and that are keen to extend your overseas trade. We are, therefore, contacting you with a view to introducing some of your products into our market.We have been in the import and export business for over twenty years and have extensive contacts throughout CHINA .It appears that demand for 产品is now increasing and we are sure that your corporation can do considerable business in our market.At the present ,we are now particularly interested in 产品,and we would be appreciated if you could send us your latest catalogues for the items and sales conditions as well.We are awaiting your early your early reply and looking forward to hearing good news from you.Y ours sincerely 出口商to 进口商Dear Sirs:We are very pleased to receive your enquiry of 16th November and enclose our illustrated catalogue and price list giving you the details asked for. Also by separate post we are sending you some samples and feel confident that when you have examined them you will agree that the goods are both excellent in quality and reasonable in price .On regular purchase of not less than 数量pc of individual item wo would allow you a discount of 2%.payment is to be made by irrevocable L/C at sight.(结算方式)Because of their softness and durability , our 产品are rapidly become popular and after studying our price you will learn that we are finding it difficult to meet the demand . But if you place your order not later than the end of this month , we would ensure prompt shipment.We invite your attention to our other products such as table cloth ,details of which you will find in the catalogue ,and look forward to receiving your order.Y ours sincerely进口商to 出口商Dear Sirs:We wish to thank you for your letter of October 10 ,offering us 数量kilos of 产品at $价格per kilogram.We regret to say that we find your price rather high and we believe we’ll have a hard time convincing our client at your price.Besides, there’s keen competition from supplies in South Korea .you can’t very well ignore that .Should you be ready to reduce your price by 5% , we might come to business .Considering the long-standing business and relationship between us we make you such a counter-offer .as the market is declining, we hope you will consider our counter-offer most favorable and fax us as soon as possible.Y ours sincerely出口商to 进口商Dear Sirs:We refer to your fax of November 10 and are pleased to confirm having sold to you 数量单位of 产品on the terms and conditions agreed upon.We enclose our sales confirmation No.123in duplicate, a copy of while please countersign and return to us or our file.Y ours sincerely。
高二年级英语音乐流派与艺术家创作风格深化理解单选题40题1. In a concert hall, the orchestra is playing a piece of music with complex melodies, harmonious polyphony and strict forms. This kind of music often features the use of symphony orchestra and has a long history. Which music genre does it belong to?A. RockB. JazzC. ClassicalD. Pop答案:C。
解析:题干描述的是古典音乐的特点,古典音乐有复杂的旋律、和谐的复调以及严格的形式,常使用交响乐团演奏并且历史悠久。
选项A摇滚音乐通常节奏强烈、旋律简单直接且具有强烈的节拍感。
选项B爵士乐特点是即兴演奏、节奏复杂且独特的爵士和声。
选项D流行音乐风格较为通俗,节奏轻快,和题干描述不符。
本题没有涉及特殊语法知识。
2. A famous piece of music has a solemn and elegant melody. The composer was a master in the Classical period. He often used sonata form in his works. Which of the following composers might he be?A. Ludwig van BeethovenB. Elvis PresleyC. Bob DylanD. Michael Jackson答案:A。
解析:贝多芬是古典时期的著名作曲家,他的作品常常使用奏鸣曲式。
选项B猫王是摇滚和流行音乐领域的歌手,与古典音乐无关。
选项C鲍勃·迪伦是民谣歌手。
韩国公司税务代理合同(英文版注册地韩国)PartiesParty A: [Client Name], a company incorporated in [Country] with registered address at [Address]Party B: [Service Provider Name], a tax agency incorporated in [South Korea] with registered address at [Address]BackgroundParty A currently operates business in [South Korea] and is required to comply with various tax laws and regulations in [South Korea].Party B is a professional tax agency duly licensed and registered under the laws of [South Korea] to provide tax services to clients.Both parties intend to enter into a contract whereby Party B will provide tax services to Party A.Agreement1.Scope of ServicesParty B agrees to provide the following tax services to Party A:•Filing of monthly and annual tax returns•Preparation of financial statements•Calculation of tax liabilities•Assistance during tax audits•Advisory services on tax matters2.Term of AgreementThis agreement shall commence on [Date] and shall continue until terminated by either party upon [Notice Period] days written notice.3.FeesParty A shall pay Party B for the tax services rendered in accordance with the following terms:•[Fee Structure]Payment shall be made within [Payment Terms] days of receipt of an invoice issued by Party B.4.ConfidentialityBoth parties agree to keep confidential all information provided by the other party in connection with this agreement.5.Intellectual Property RightsAll intellectual property rights in any reports, materials, or other deliverables provided by Party B under this agreement shall belong to Party B.6.Limitation of LiabilityParty B shall not be liable to Party A for any indirect, incidental, or consequential damages arising out of or in connection with this agreement.7.TerminationEither party may terminate this agreement if the other party breaches any material term of this agreement and fails to remedy the breach within [Notice Period] days of receiving written notice from the non-breaching party.erning LawThis agreement shall be governed by and construed in accordance with the laws of [South Korea].9.Dispute ResolutionAny dispute arising out of or in connection with this agreementshall be finally settled under the rules of [Arbitration Association] by one or more arbitrators appointed in accordance with said arbitration rules.SignaturesIn witness whereof, the parties have executed this agreement on the date first above written.Party A: [Signature and Printed Name]Party B: [Signature and Printed Name]。
GUIDELINES FOR EXPORT OF SCOMET ITEMSII A condition for consideration of an application for an export licence is submission of stipulated certifications to the effect, inter alia, that:a. The item will be used only for the stated purpose and that such use will not bechanged, nor items modified or replicated without consent of Government ofIndia;b. Neither the items nor replicas nor derivatives thereof will be re-transferredwithout consent of Government of India;c. End-user shall facilitate such verifications as are required by Government ofIndia. Government of India may also require additional formal assurances, asappropriate, including on end-use and non-retransfer, from State of recipient.III Licensing authority for items in Category 0 in Appendix 3 to Schedule 2 of ITC (HS) is Department of Atomic Energy. Applicable guidelines are notified by that Department under Atomic Energy Act, 1962. For certain items in Category 0, formal assurances from recipient State will include non- use in any nuclear explosive device. Licences for export of certain items in Category 0 will not be granted unless transfer is additionally under adequate physical protection and is covered by appropriate International Atomic Energy Agency (IAEA) safeguards, or any other mutually agreed controls on transferred items.IV Additional end-use conditions may be stipulated in licences for export of items or technology that bear possibility of diversion to or use in development ormanufacture of, or use as, systems capable of delivery of weapons of massdestruction.V Applications for transfer of “Technology” for any item on the List will be considered as an application for export of the item itself.VI Licences for export of items in SCOMET List (other than those under Category 0,1 and 2) solely for purpose of display or exhibition shall not require any end- use or end-user certifications. No export licence for display or exhibition shall be issued for ‘Technology’ in any category or for items under Categories 0,1, and 2. VII Export of items not on SCOMET List may also be regulated under provision of the Weapons of Mass Destruction and their Delivery Systems (Prohibition ofUnlawful Activities) Act, 2005.Note 1: Export or attempt to export in violation of any conditions of licence shall invite civil and/or criminal prosecution.Note 2: Licences for export of items in this List for display or exhibition abroad are subject to a condition of re-import within a period not exceeding six months. Exporters are entitled to apply for an export licence for such items exhibited abroad if exhibitor intends to offer that item for sale during exhibition abroad. Such sale shall not take place without a valid licence.Note 3: Export of items in Category 2 of this list may also be controlled by other applicable guidelines issued from time-to-timeNote 4: Exporters are entitled to apply for a ‘destination licence’ for countries and/or groupings of countries for export to which only re-transfer conditions need be imposed.Note 5. Exporters are entitled to request that only such conditions need be imposed as are subject of government-to-government instruments of accord over export of items on SCOMET List.Note 6. ‘Technology’ (see also entry ‘Technology’ in glossary in Appendix 3 to Schedule 2 of ITC (HS): Approval of export of an item on the SCOMET List also authorizes the export to same end-user of minimum ‘technology’ required for installation, operation, maintenance and repair of the item.DGFT in association with Administrative Ministries/Departments and Trade Associations will organize Industry Outreach Programme on regular basis for an effective awareness among the exporters/importers dealing with trade, in particular, in SCOMENT items.5. Advice to ExportersAttention of exporters is drawn to the following important provisions ofPolicy/Procedures:-(i) Export of SCOMET items is permitted only against a licence, in accordance with the policy contained in Appendix 3 to Schedule 2 of ITC (HS). It is not permitted under an Advance Authorization or any other licence issued (under a duty exemption or remission scheme) by the DGFT.In this connection, attention is drawn to para 4.1.13 of the Foreign Trade Policy, 2009- 14:“….prohibited items of exports mentioned in ITC (HS) shall not be exported under Advance Authorization/DFIA scheme. Export of restricted items shall be subject to all conditionalities or requirements of Export Authorization or permission, as may be required, under Schedule II of ITC (HS).”It has been clarified vide Policy Circular No. 99(RE-08)/2004-2009 dated 11thClick on option ‘File’.Click on option ‘Create’.ANF 2E will open. Fill in the information as directed.3. While filling the online application, following need to be kept in mind:-(i) All columns must be filled correctly and completely. No column is tobe left blank. If information is not applicable, ‘Not Applicable’ maybe filled in the space provided.(ii) Where FOB value has to be filled, if the export does not have a commercial value, ‘00.00’ may be filled.(iii) Drop down lists have been provided wherever possible. Where no drop down list has been provided, requisite details must be filled incorrectly in the space provided.(iv) Documents as per list in Para 4 below need to be uploaded. A check list for ‘Uploaded documents’ has been provided at the end of theapplication. Please tick whichever document has been uploaded.‘Master’ screen:(v) Port of Loading/Shipment must be selected from the drop-down list provided. Correct port must be selected. No change of route/mode oftransport will be allowed after export licence has been issued. Port ofdischarge must be filled in the space provided (No drop-down menuprovided for this).(vi) FOB in Rupees and in relevant currency need not be filled in the ‘Master’ screen. This detail in ‘Master’ screen will get automaticallypopulated once the same is filled in the ‘Item of Export’ screen.(vii) Fill in details in all columns on this screen. Then click on buttons/options given on the right side of this screen. Relevant screenswill open. Proceed to fill each one.‘Item of Export’ screen:(viii) SCOMET Categories have been provided as a drop-down list. Correct category must be selected. SCOMET item number must be filled incorrectly in the space provided.(ix) Space has been provided to fill in the details of maximum of six (6) items of export. If items are more than six ( 6), details must beuploaded as extra sheet in the same format as on this screen.‘Previous Export’ screen:(x) For Previous Exports, drop-down menu for year has been provided.Select the respective year and fill in details.‘Foreign Buyer/Consignee/End-User’ screen:(xi) A drop down list has been provided for Foreign Buyer/Consignee/End- User. Choose each one from the drop-down list and fill details of eachseparately.(xii) Complete address should be given in respect of the Foreign Buyer, the Consignee and the End User. Only P.O. Box No. will not be accepted.‘Bank Details’ screen:(xiii) Filling ‘Bank details’ is mandatory. For applications where the consignment has no commercial value (e.g. blood samples etc.,) ‘NotApplicable’ must be filled in all columns under ‘Bank Details’.(xiv) Giving details of IBAN, SWIFT Code and IFSC Code is mandatory. If IBAN is not used in the country to which item is to be exported i.e.IBAN is not available, this may be mentioned. For example, if itemsare to be exported to South Korea and IBAN is not used in that country‘IBAN not used in South Korea’ must be filled.4. Following documents are to be uploaded with the online application :(i) Purchase Order(s) from the Foreign Buyer, the Consignee, and theEnd–User and in respect of all items to be exported as mentioned inthe application.(ii) End User Certificate(s) from all end-users. (Also see Paras 5&6 below).(iii) Technical Specifications (not exceeding one page for each item) for the items to be exported.。
维基百科亚投行英文介绍The Asian Infrastructure Investment Bank (AIIB) is a proposed international financial institution which is focused on supporting infrastructure construction in the Asia-Pacific region. The bank was proposed as an initiative by the government of China[5] andsupported by 37 regional and 20 non-regional members Prospective Founding Members,51 of which have signed the Articles of Agreement that form the legal basis for theproposed bank. The bank starts operation after the agreement enters into force, which requires 10 ratifications, holding a total number of 50% of the initial subscritions of the Authorized Capital Stock. Countries with a large GDP that did not become PFM are the US, Japan (which dominated the ADB) and Canada.AIIB is regarded by some as a rival for the IMF, the World Bank and the AsianDevelopment Bank (ADB),[6] which are regarded as dominated by developed countries like the United States.[6] The United Nations has addressed the launch of AIIB as "scaling up financing for sustainable development"[7] for the concern of Global EconomicGovernance.[8]The bank was proposed by China in 2013[9] and the initiative launched at a ceremony in Beijing in October 2014.[10] The Articles of Agreement (AOA) were signed by 50 PFMs on29 June 2015, which become a party to the agreement through ratification. As of July2015, 1 state (Myanmar) has ratified the agreement, formally becoming a foundingmember.[1]Contents[hide]∙ 1 Historyo 1.1 AIIB within PRC policy thinking▪ 1.1.1 Fostering LT economic development▪ 1.1.2 Infrastructure as regional integration and foreign policy tool∙ 2 Legal basis and Membershipo 2.1 Founding Memberso 2.2 non Prospective Founding Members▪ 2.2.1 Dependent territories▪ 2.2.2 Other states∙ 3 Shareholding Structure∙ 4 Management structure∙ 5 Receptiono 5.1 Environmental record∙ 6 See also∙7 References∙8 External linksHistory[edit]The first news reports about the AIIB appeared in October 2013.[11] The Chinese government has been frustrated with what it regards as the slow pace of reforms and governance, and wants greater input in global established institutions like the IMF, World Bank and Asian Development Bank which it claims are dominated by American, European and Japanese interests.[6]In April 2014, Chinese Premier Li Keqiang delivered a keynote speech at the opening of the Boao Forum for Asia and said that China was ready to intensify consultations with relevant parties in and outside Asia on the preparations for the Asian Infrastructure Investment Bank.[12]The Asian Development Bank Institute published a report in 2010 which said that the region requires $8 trillion to be invested from 2010 to 2020 in infrastructure for the region to continue economic development.[6][13] In a 2014 editorial, The Guardian newspaper wrote that the new bank could allow Chinese capital to finance these projects and allow it a greater role to play in the economic development of the region commensurate with its growing economic and political clout.[14] But until March 2015, China in the ADB has only 5.47 percent voting right, while Japan and US have a combined 26 percent voting right (13 percent each) with a share in subscribed capital of 15.7 percent and 15.6 percent, respectively. Dominance by both countries and slow reforms underlie China's wish to establish the AIIB, while both countries worry about China's increasing influence.[15]In June 2014 China proposed doubling the registered capital of the bank from $50 billion to $100 billion and invited India to participate in the founding of the bank.[16][17] On 24 October 2014, twenty-one countries signed a Memorandum of Understanding (MOU) regarding the AIIB in Beijing, China: Bangladesh, Brunei, Cambodia, China India, Kazakhstan, Kuwait, Laos, Malaysia, Myanmar, Mongolia, Nepal, Oman, Pakistan, Philippines, Qatar, Singapore, Sri Lanka, Thailand, Uzbekistan andVietnam.[18] Indonesia's joining was slightly delayed due to their new presidential administration not being able to review the membership in time.[19] Indonesia signed the MOU on 25 November 2014.The U.S. allegedly tried to keep Australia and South Korea from becoming prospective founding members, after they expressed an interest in it.[20] However, both Australia and South Korea applied to join the bank in March 2015.[21][22][23]Hong Kong's Financial Secretary John Tsang announced in his budget speech in February 2015 that the territory would join the AIIB.[24] It did however not become one of the prospective founding members and negotiated as part of the Chinese delegation.In early March 2015, the United Kingdom's Chancellor of the Exchequer, George Osborne, announced that the UK had decided to apply to join the Bank, becoming the first major Western country to do so. The announcement was criticised by the U.S. ObamaAdministration. A US government official told Financial Times, "We are wary about a trend toward constant accommodation of China, which is not the best way to engage a rising power." The official further stated that the British decision was taken after "no consultation with the US."[25] In response, the UK indicated that the subject had been discussed between Chancellor Osborne and US Treasury Secretary Jack Lew for several months preceding the decision. It was further stated that joining the bank as a founding member would allow the UK to influence the development of the institution. By encouraging Chinese investments in the next generations of nuclear power plants, Osborne announced that "the City of London would become the base for the first clearing house for the yuan outside Asia."[26]Following the criticism, the White House National Security Council, in a statement to The Guardian, declared, "Our position on the AIIB remains clear and consistent. The United States and many major global economies all agree there is a pressing need to enhance infrastructure investment around the world. We believe any new multilateral institution should incorporate the high standards of the World Bank and the regional development banks. Based on many discussions, we have concerns about whether the AIIB will meet these high standards, particularly related to governance, and environmental and social safeguards … The international community has a stake in seeing the AIIB complement the existing architecture, and to work effectively alongside the World Bank and Asian Development Bank."[27]Three other European states: Germany, France and Italy – followed the UK's decision to join the AIIB in March. German Finance Minister Wolfgang Schäuble stated, "We want to contribute our long-standing experience with international financial institutions to the creation of the new bank by setting high standards and helping the bank to get a high international reputation."[28] In March 2015, the South Korean Ministry of Strategy and Finance announced that it, too, is planning to join the AIIB, citing its potential in benefiting South Korean companies win deals in infrastructural projects as well expanding South Korea's influence in international banking as a founding member.[29] States could indicate their interest in becoming a Prospective Founding Member until 31 March 2015.Negotiations took place in the framework of 5 Chief Negotiators Meetings (CNMs) which took place between November 2014 and May 2015. The Articles of Agreement, the legal framework of the proposed bank, were concluded in the fifth CNM. It was signed on 29 June 2015 by 50 of the named 57 prospective founding members in Beijing.AIIB within PRC policy thinking[edit]Fostering LT economic development[edit]The Asian Infrastructure Investment Bank can be construed as a natural inter-national extension of the infrastructure-driven economic development framework that has sustained the rapid economic growth of China since the adoption of the Chinese economic reform under chairman Deng Xiaoping. It stems from the notion that long-termeconomic growth can only be achieved through massive, systematic, and broad-based investments in infrastructure assets – in contrast with the more short-term "export-driven" and "domestic consumption" development models favored by mainstream Neoclassical economists and pursued inconsiderately by many developing countries in the 1990s and the first decade of the 21st century with generally disappointing results.[30][31]Infrastructure as regional integration and foreign policy tool[edit]In his 29 March 2015 speech at the Boao Forum for Asia (BFA) annual conference, President Xi Jinping insisted that "the Chinese economy is deeply integrated with the global economy and forms an important driving force of the economy of Asia and even the world at large. […] China's investment opportunities are expanding. Investment opportunities in infrastructure connectivity as well as in new technologies, new products, new business patterns, and new business models are constantly springing up. […] China's foreign cooperation opportunities are expanding. We support the multilateral trading system, devote ourselves to the Doha Round negotiations, advocate theAsia-Pacific free trade zone, promote negotiations on regional comprehensive economic partnership, advocate the construction of the Asian Infrastructure Investment Bank (AIIB), boost economic and financial cooperation in an all-round manner, and work as an active promoter of economic globalization and regional integration", insisting that the Silk Road Fund and the Asian Infrastructure Investment Bank would foster "economic connectivity and a new-type of industrialization [in the Asia Pacific area], and [thus] promote the common development of all countries as well as the peoples' joint enjoyment of development fruits".[32]Legal basis and Membership[edit]ArticlesArticles of Agreement of the Asian InfrastructureInvestment BankPotential signatoriesSignatories (regional)Parties (non-regional)Signatories (non-regional)Signed 29 June 2015Location Beijing, ChinaEffective not in forceCondition Ratification by 10 states, comprising 50% of initialsubscriptions of capital stockSignatories 51Parties 1[1]Depositary Government of the People’s Republic of ChinaLanguages Chinese, English (used in disputes) and FrenchThe Articles of Agreement will form the legal basis for the Bank. 57 Prospective Founding Members (PFM) named in annex A of the agreement are eligible to sign and ratify the Articles, thus becoming a member of the Bank. Other states, which are parties tothe International Bank for Reconstruction and Development or the Asian Development Bank may become members after approval of their accession by the bank.[33]The Articles were negotiated by the Prospective Founding Members, with Hong Kong joining the negotiations via China.[34][35]Founding Members[edit]The 57 Prospective Founding Members can become Founding Members through:∙Signing the Articles of Agreement in 2015∙Ratifying the Articles of Agreement in 2015 or 2016As of August 2015, 51 states have signed the Articles, one of which has ratified them. Seven countries that signed the founding charter did not sign the Article of Agreement on 29 June.[36][37] The formal actions towards becoming a Founding Member are shown below, as well as the percentage of the votes and of the shares, in the event all prospective founding states become parties, and no other members are accepted.Country (Region) ProspectiveFoundingMemberstatusSignature(Articles)[1]Ratification(Articles)[1]Shares% ofshares%ofvoteCountry (Region)Prospective Founding Member statusSignature (Articles)[1]Ratificati on (Articles)[1]Share s% of share s% of vot eAustralia3 April 2015[38]29 June 201536,912 3.76 3.46Austria11 April 2015[39]29 June 20155,008 0.51 0.70Azerbaijan15 April 2015[40]29 June 20152,541 0.26 0.48Banglades h*24 October 201429 June 20156,605 0.67 0.83Brazil12 April 2015[41]29 June 201531,810 3.24 3.02Brunei*24 October 201429 June 2015524 0.05 0.31Cambodia *24 October 201429 June 2015623 0.06 0.32China* (founder)24 October 201429 June 2015297,804 30.34 26.06Denmark12 April 2015[41]3,695 0.38 0.58Country (Region)Prospective Founding Member statusSignature (Articles)[1]Ratificati on (Articles)[1]Share s% of share s% of vot eEgypt14 April 2015[42]29 June 20156,505 0.66 0.83Finland12 April 2015[41]29 June 20153,103 0.32 0.53France2 April 2015[43]29 June 201533,756 3.44 3.19Georgia12 April 2015[41]29 June 2015539 0.05 0.31Germany1 April 2015[44]29 June 201544,842 4.57 4.15Iceland15 April 2015[40]29 June 2015176 0.02 0.28India*24 October 201429 June 201583,673 8.52 7.51Indonesia*25 November 2014[19]29 June 201533,607 3.42 3.17Iran 7 April 2015[45]29 June 201515,808 1.61 1.63Country (Region)Prospective Founding Member statusSignature (Articles)[1]Ratificati on (Articles)[1]Share s% of share s% of vot eIsrael15 April 2015[40]29 June 20157,499 0.76 0.91Italy2 April 2015[43]29 June 201525,718 2.62 2.49Jordan7 February 201529 June 20151,192 0.12 0.37Kazakhsta n*24 October 201429 June 20157,293 0.74 0.89South Korea11 April 2015[39]29 June 201537,388 3.81 3.50Kuwait24 October 20145,360 0.55 0.73Kyrgyzsta n9 April 2015[46]29 June 2015268 0.03 0.29Laos*24 October 201429 June 2015430 0.04 0.30Luxembou rg27 March 2015[47]29 June 2015697 0.07 0.32Country (Region)Prospective Founding Member statusSignature (Articles)[1]Ratificati on (Articles)[1]Share s% of share s% of vot eMalaysia24 October 201421 August 2015[48]1,095 0.11 0.36Maldives31 December 2014[19]29 June 201572 0.01 0.27Malta9 April 2015[46]29 June 2015136 0.01 0.27Mongolia*24 October 201429 June 2015411 0.04 0.30Myanmar*24 October 201429 June 20151 July 2015 2645 0.27 0.49Nepal*24 October 201429 June 2015809 0.08 0.33Netherland s12 April 2015[41]29 June 201510,313 1.05 1.16New Zealand5 January 2015[49]29 June 20154,615 0.47 0.66Norway14 April 2015[42]29 June 20155,506 0.56 0.74Country (Region)Prospective Founding Member statusSignature (Articles)[1]Ratificati on (Articles)[1]Share s% of share s% of vot eOman*24 October 201429 June 20152,592 0.26 0.49Pakistan*24 October 201429 June 201510,341 1.05 1.16Philippines24 October 20149,791 1.00 1.11Poland 15 April 2015[40]8,318 0.85 0.98Portugal 15 April 2015[40]29 June 2015650 0.07 0.32Qatar* 24 October 201429 June 20156,044 0.62 0.79Russia 14 April 2015[50]29 June 201565,362 6.66 5.93Saudi Arabia13 January 2015[51]29 June 201525,446 2.59 2.47Singapore *24 October 2014[52]29 June 20152,500 0.25 0.48Country (Region)Prospective Founding Member statusSignature (Articles)[1]Ratificati on (Articles)[1]Share s% of share s% of vot eSouth Africa15 April 2015[40]5,905 0.60 0.77Spain 11 April 2015[39]29 June 201517,615 1.79 1.79Sri Lanka* 24 October 201429 June 20152,690 0.27 0.50Sweden 15 April 2015[40]29 June 20156,300 0.64 0.81Switzerlan d28 March 2015[53]29 June 20157,064 0.72 0.87Tajikistan13 January 2015[51]29 June 2015309 0.03 0.29Thailand24 October 2014[52]14,275 1.45 1.50Turkey 10 April 2015[54]29 June 201526,099 2.66 2.52United Arab Emirates5 April 2015[55]29 June 201511,857 1.21 1.29Country (Region)Prospective Founding Member statusSignature (Articles)[1]Ratificati on (Articles)[1]Share s% of share s% of vot eUnited Kingdom28 March 2015[53]29 June 201530,547 3.11 2.91Uzbekista n*24 October 201429 June 20152,198 0.22 0.45Vietnam*24 October 201429 June 20156,633 0.68 0.84Unallocated Shares18,486 – –Grand Total5737 Regional 20non-Regional51 95.17% of shares1 0.27% of shares1,000,000100.00100.00Note: Regional members in blueMember, and the number of shares determines the fraction of autorized capital in the bank.[33][69][70][71]Three categories of votes exist: basic votes, share votes and Founding Member votes. The basic votes are equal for all members and constitute 18% of the total votes, while the share votes are equal to the number of shares. Each Founding Member furthermore gets 600 votes. An overview of the shares, assuming when all 57 Prospective Founding Members have become Founding Members is shown below (values in bold do not depend on the number of members):Vote Type% of Total VotesTotal VotesVote per MemberChina (LargestMaldives (SmallestPFM) PFM)Basic votes 12 138,510 2,430 2,430 2,430 Share votes 85 981,514 Varies 297,804 72FoundingMember votes3 34,200 600 600 600Total 1001,154,224 varies 300,834(26.1%)3,102 (0.3%)Shares and Voting %, in the event all PFM are party, and no new members are accepted, are shown in the table with parties above.Environmental record[edit]As the proposed bank has no management or approved loans, it has no environmental record. Several organizations have however expressed their concerns over environmental policy of the proposed bank because of the high stake of China in the bank's business. Although the proposed bank declared "AIIB will learn from the best practice in the world and adopt international standards of environmental protection", Yuge Ma has argued that this may be complicated in developing Asian countries.[73]∙Boao Forum for Asia∙New Development Bank (BRICS)/NDB BRICS∙Asian Development Bank (ADB)∙World Bank∙International Monetary Fund (IMF)。
Export Structure from South Korea to EU and FTA ApplicationPlanAbstractFree Trade Agreement (FTA) between Republic of Korea, of the one part, and the European Union and its member states, of the other part, was officially come into effect in July 2011. The FTA is expecting ROK (Republic of Korea) and EU (European Union) both. It will make ROK and EU economic growth positively, also will promote cultural exchange among nations. But there is problems Korean export structure to EU. The one is that the percentage of export in EU is decreasing. So for the essay, I analyze the problems and make a proposal to solve the problems.Key WordsFTA Export StructureFTA between ROK and EU was officially come into effect on July 2011. The FTA negotiation was started on May 2007, and it had been continued for 2 more years. The negotiations for FTA were going on 8 times; the negotiations were about the lowering of custom duties, rules of origins, opening service market, car trainings mainly. The agreement was signed provisionally but not finally on October 2009. Finally, the agreement was signed on October 2010.The European Council approved the FTA on February 2011. But for the car-trainings, there were resistance in Europe. However, there were 495 agreements and 16 disagreements, 75 abstentions, so that the FTA ratification was passed. Through the ratification in EC, the FTA was officially come into effect. The Korean National Council also approved the FTA on May 2011. The Korean Democratic Party didn’t attend on vote, so that the result of vote turned out as The Korean Grand National Party’s expects. Finally, the FTA ratification was passed.ROK-EU FTA is the first FTA for EU signing FTA in Asia. The ROK-EU FTA is expecting in ROK, also in EU. The FTA was officially come into effect, but we can think it was finally come into effect.EU market is the chance to improve Korean economy.ROK-EU FTA is the chance to increase export volume and make Korean economic system more be advanced. According to KOTRA1’s report, Korean export volume increasing is expected in Rumania, Bulgaria, Poland, Hungary, and the Czech Republic in 2013. The expecting various fields of industry in Rumania are agriculture, car industry, green energy, oil 1Korea Trade-Investment Promotion Agencyand gas industry, medical device, ship building industry etc.. The expecting various fields of industry in Bulgaria are computer industry, cell phone and AV (audio & video) industry, tourism industry etc.. The expecting various field of industry in Poland is solar energy industry. The expecting various fields of industry in Hungary are car industry, automobile accessories industry, medical device, medical tourism industry, dental clinic tourism industry etc. The expecting various fields of industry in the Czech Republic are automobile industry, environment industry, CSR etc.2. To make economic network with EU, ROK is planning to increase market share, and improve Korea’s international status as a bridge between Europe and Asia.The flower of FTA, tariff lowering is expecting the effect growth of ROK to 46.5 hundred million dollars per a year3. Because of tariff lowering effect, there will be 25.2 hundred million dollars per a year for after 15 years exports, and will be 21.3 hundred million dollars per a year for after 15 years imports. Mainly car industries, electronics, fabrics will be exported from ROK to EU a., and electronics, machines, fine chemistry will be imported from EU to ROK b..a.:/gw/overmarket/GWOMAL020M.html?BBS_ID=10&MENU_CD=M10103&UP PER_MENU_CD=M10102&MENU_STEP=3&ARTICLE_ID=5000602&ARTICLE_SE=203023Analysis economic effects of FTA between Republic of Korea and Europe Union (한-EU FTA의경제적효과분석), Korean Foreign Economic Policy Research Center(대외경제정책연구소), Oct 6, 2010b.The FTA between ROK and EU that is the chance to improve Korean economic growth, and make Korean car industries, electronics, and fabrics to be more developed through the competitions.Being Bridge between Asia and EuropeROK is the first Asian country which signed FTA with EU. ROK can be the bridge between Asia and EU. In 2004 April, ROK signed FTA with Chile first time. After that, ROK signed FTA with Singapore (March, 2006), EFTA (September, 2006), ASEAN (June, 2007) etc. (with 17 countries). Through the FTA between ROK and EU, ROK picks with being herb of FTA. In the future, ROK will sign FTA not only with India, but also with MERCOSUR, Russia, and Turkey4.Recently, EU has emphasized the relationship with Asian countries, so that the FTA between ROK and EU will be the role model for the significant of FTA in Asia. In the past, EU signed FTA mainly with European countries around or with colonies. EU substituted preferential trading agreement for FTA or to increase the exchange among them. EU mainly signed FTA with Africa, Mid-east Asia, and Mid-south AmericaBut EU pick with FTA between ROK and EU prepare bridgehead to advance Asian market. Now, EU is in economic crisis, so that for the solution, EU emphasizes the FTA with India, 4Because Turkey is free trading with EU, so the products will be traded with free tariff, but because of the FTA between ROK and EU, there is difficulty to sort out the country of origin between ROK and Turkey, so that we should sign FTA with Turkey.ASEAN, but passively with developed Asian countries.The Present Condition of Propulsion between ROK&EU5Korea’s Market Possession Is Taken 2% Only in EU MarketKorean exportation market possession is decreasing in EU. On 2010 basis, EU is the 2nd 5Quoted from: The Korean business desk (知識經濟部, http://www.motie.go.kr)6Palestine Liberation Organization7Overseas Countries and Territories (21 of small states what is trading8African Caribbean and Pacific Associablebiggest market of Korean exportation market (Exportation to EU: 535 billion dollars), but there is big gap between 1st biggest market (China) and 2nd biggest market (EU) (Exportation to China: 1,168.4 billion dollars). Besides, exportation rate in EU is decreasing in Korean exportation market, and EU countries are pushed in the rank of different countries. For example, the exportation to EU was increasing to 15.4% in 2005, but because of getting duller of exportation rate, the exportation to EU was decreased to 11.5% in 20109. Germany and the United Kingdom was in top 10 of Korean exportation market in 2001, but because of India and Vietnam’s developing, the United Kingdom had been pushed out of top 10. This is because Korean business corporations were doing developing countries utmost to trade.Korea’s market possession is taken 2% Only in EU market10. The competitor China’s exportation market possession rate in EU is taken most 20%, The United States’ in EU is also taken more than 10%, but Japan’s in EU is decreasing as ROK. Japan and Korea’s exportation market possession rate is retarded, but China’s is increasing day by day.Compare EU market possession rate in main countries11Korean competition products is decreasing in EU marketKorean competition products is decreasing in EU market, RCA more than 1 of the exportation products to EU (on HS 2 basis, total 96 products) had been decreased from 17 in 2001 to 13 in 2010. Comparative Advantage Products: Ships (34.8), crotchet (5.1), Optical instruments (4.0), artificial fabrics (2.9), electronics (1.9), motorcars (1.5), rubber products (1.4), steel (1.1) etc., main competitor countries contain more than ROK do: China (35 products), the United States (26 products), Japan (18 products).Comparative Advantage Products of Main Countries to EU129Especially, because of global economic crisis, the exportation to EU was decreased 8.3% in 2010.10EU market is meaning the extra-EU imports, the extra-EU imports amounts are 19,770 billion dollars, it is taking 37% of total amounts (53,370 billion dollars).11Market Possession Rate is taking the total of extra-EU imports in different countries (quoted by: European Commission DB)121. Products which RCA rate more than 1The Exportation to West-Europe Is Decreasing, but to East-Europe Is IncreasingThe economic growth in West-Europe is lower than in East-Europe, but the income level in West-Europe is higher than in East-Europe, so that the West-European consumer market is being the foundation of economic. West-Europe 15countries take 87.8% of EU total GDP, the extra imports take 91%.Compare economic power between WE and EE13decreased more than 20% for 10 years. Exportation percentage to WE: 92.4% (in 2001), 82.1% (in 2006), 74% (in 2008), 70% (in 2010). Oppositely, the exportation percentage to EE has been increased. The United States and China’s exportation percentage to WE is more than 90%, Japan also takes 70% and more. The decreasing rate in WE is the main problem of stagnation of EU market rate.Main countries’ exportation percentage to WE142. on HS 2 units basis, quoted by ITC, Trade Statistics.13Quoted in Eurostat; IMF; WTO(Unit: %)The exportation percentage to WE is decreasing, to EE is increasing. The cause is from Korean corporation s’ strategy changing. For the distribution, East-Europe has geographical advantage, and there is low wage in East-Europe. So that, East-Europe is being an area of production, and the products in the area are being exported to West-Europe. Since 2000s, Korean manufacturing industries have constructed the system of products in East-Europe. Electronics industries for securing competitiveness moved product area from West-Europe to East-Europe, Motorcars industries settled the product area in East-Europe. So that, Korean exportation pattern to EU is changing from “Complete products exportation to West-Europe” to “Intermediate materials & components exportation to East-Europe”. In detail, to produce complete products, imports intermediate materials and components from Southeast-Asia and export them to East-Europe.Color televisions and motorcars’ changing of exportation pattern to EU1514KOTRA ()151. MTI 4 steps of standard; 2. Import tariff of EU in ( ), quoted from KOTRA ()Because of the changing exportation pattern to EU, the benefit of tariff free will be decreased. Because the complete products’ tariff is high without FTA, but ROK corporations export more intermediate materials and components, so ROK can’t enjoy the tariff benefit. Exportation to EU relies on minority products too muchKorea’s exportation to EU relies on minority products too much, especially higher than to the United States or to China. The main products percentage in EU markets: Top 10 products (66.5%), top 20 products (75.9%), top 50 products (85.9%). Because main exportation products to EU almost are that heavy chemistry industries, so base of exportation is vulnerable. Especially, relying on top 10 products exportation to EU is more serious than to the United States (59.5%) or to China (52%) or to any other countries (50.7%). This means that the interest of the small and medium-sized business to EU market is lower than to the United States or China.Dependence products for different market (2010)16Application Plan of FTA1: Increase EU market ratio through dominating the market in advanceROK is the first Asian country as signed FTA with EU, so that we can operate the opportunity to dominate the market in advance. If ROK regards to the speed of negotiation between EU and other Asian countries, ROK has 3 years more to enjoy the opportunity for dominating the market in advance, so that the government should concentrate on increasing exportation to EU. If the government apply the FTA between ROK and EU, then Korea’s 161. The percentage of total exportation amounts; 2. 4 steps of MTI Standard, quoted from KOTRA ()EU market possession will be increased from 2.6% to 3.0% more for 10 years.2: Need Strategy for West-European MarketKorea’s EU market share being increased turned out favorable for ROK. Cause of tariff free, so that ROK exportation to EU will be increased by competitive price intensification. To enjoy the benefit of tariff free, we should reduce price or invest in marketing. And EU is making a diversion to China which the trade surplus per year is expanded; it is helpful for ROK to reinforce position. EU is imposing anti-dumping tariff to China, and EU is going to rule BRICs out of GSP recipients. This is the chance for Korean position reinforcement.ConclusionThis report analyzed about FTA between Republic of Korea and the European Union and export structure from Republic of Korea to the European Union, the application plan for FTA. Republic of Korea is the first FTA partner of EU, and the bridge between EU and Asia. China is the biggest trade partner of EU. As we know, China-EU has trouble with anti-dumping tariff. If the FTA between China and ROK reached settlement, I guess the trouble will be solved through the FTA between ROK and EU.Reference1: Reports:ONE. 한국의對EU 수출구조오FTA활용방안Seri Economy Focus (No. 339,)by Deuk-Gap Kim, Jun. 7th, 2011, Samsung Economics Research InstitutionTWO. Issue Paper, the Strategy for FTA between the Republic of Korea and the European Union, Oct. 6th, 2010, Samsung Economics Research InstitutionTHREE. Analysis economic effects of FTA between Republic of Korea and Europe Union (한-EU FTA의경제적효과분석), Korean Foreign Economic Policy Research Center(대외경제정책연구소), Oct 6, 20102: Webs:FOUR. FIVE. SIX. motie.go.krSEVEN. ec.europa.euEIGHT. epp.eurostat.ec.europa.euNINE. TEN. 3: AgreementELEVEN. FREE TRADE AGREEMENT BETWEEN THE REPUBLIC OF KOREA, OF THE ONE P ART, AND THE EUROPEAN UNION AND ITS MEMBER STATES, OF THE OTHER P ART, Oct. 6th, 2010, MINISTRY OF FOREIGN AFFAIRS AND TRADE。