Hong Kong - Peru FTA (2024)
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The Joint Commission shall take decisions on any matter within its functions by

agreement.

The Joint Commission may establish rules of procedures for the conduct of its work.

The Joint Commission shall undertake a general review, including matters relating to the implementation or operation of this Agreement, within three years of the date of entry into force of this Agreement and every five years thereafter, or as otherwise mutually determined by the Parties.

The Parties hereby establish the Trade in Goods Committee (TIG Committee), comprising government representatives of each Party.

The TIG Committee shall meet on agreement of the Parties or on request of the Joint Commission to consider any matter arising under Chapter 2 (Trade in Goods), Chapter 3 (Rules of Origin and Origin Procedures) and Chapter 4 (Customs Procedures and Trade Facilitation).

The functions of the TIG Committee shall include:

reviewing the future amendments to the HS to ensure that the obligations of each Party under this Agreement are not altered, and consulting to resolve any conflicts between:

subsequent amendments to HS nomenclature, amended as at January 1, 2022, and Annex 2-B (Schedules of Tariff Commitments) of Chapter 2 (Trade in Goods); or

Annex 2-B (Schedules of Tariff Commitments) of Chapter 2 (Trade in Goods) and the Party’s HS nomenclatures;

consulting on and seeking to resolve any difference between the Parties on tariff classification and, if the TIG Committee fails to resolve such difference, referring the matter to the Joint Commission for consideration;

proposing modifications to Annex 3-B (Product-Specific Rules of Origin) of Chapter 3 (Rules of Origin and Origin Procedures), for consideration and adoption by the Joint Commission, on the basis of the World Customs

Organization’s periodic transpositions of the HS; and

proposing modifications concerning the acceleration of the reduction or elimination of a customs duty set out in the tariff schedules of the Parties in Annex 2-B (Schedules of Tariff Commitments) of Chapter 2 (Trade in Goods), for consideration and adoption by the Joint Commission.

Article Article 17.6: Contact Points

For the purpose of facilitating communication between the Parties on any matter covered by this Agreement, the following contact points are designated:

for Hong Kong, China: the Trade and Industry Department, or its successor; and

for Peru: the Ministry of Foreign Trade and Tourism (Ministerio de Comercio Exterior y Turismo - MINCETUR), or its successor.

Article Article 18.1: Definitions

For the purposes of this Chapter:

complaining Party means a Party that requests the establishment of a panel under Article 18.7.1;

panel means a panel established under Article 18.7;

perishable good means a good that rapidly decays due to its natural characteristics, in particular in the absence of appropriate storage conditions;

responding Party means a Party that has been complained against under Article 18.7; and

Rules of Procedure means the rules referred to in Article 18.12 and adopted in accordance with Article 17.2 (Functions of the Joint Commission) of Chapter 17 (Administrative and Institutional Provisions).

The Parties shall at all times endeavour to agree on the interpretation and application of this Agreement and shall make every effort through cooperation and consultations to reach a mutually satisfactory resolution of any matter that may affect its operation.

The objective of this Chapter is to provide an effective, efficient and transparent process for consultations and settlement of disputes arising under this Agreement.

Unless otherwise provided in this Agreement, this Chapter shall apply:

with respect to the avoidance or settlement of any dispute that arises between the Parties regarding the interpretation or application of this Agreement;

when a Party considers that an actual measure of the other Party is inconsistent with its obligations of this Agreement or that the other Party has otherwise failed to carry out its obligations under this Agreement; or

when a Party considers that a benefit it could reasonably have expected to accrue to it under Chapter 2 (Trade in Goods), Chapter 3 (Rules of Origin and Origin Procedures), Chapter 4 (Customs Procedures and Trade Facilitation), Chapter 5 (Technical Barriers to Trade), Chapter 6 (Sanitary and Phytosanitary Measures), Chapter 7 (Trade Remedies) or Chapter 8 (Trade in Services), is being nullified or impaired as a result of the application of a measure of the other Party that is not inconsistent with this Agreement.

If a dispute regarding any matter arises under this Agreement and under another international trade agreement to which the Parties are party, including the WTO Agreement, the complaining Party may select the forum in which to settle the dispute.

Once a complaining Party has requested the establishment of, or referred a matter to, a panel, an arbitral tribunal or other forum under an agreement referred to in paragraph 1 to settle the dispute, the forum selected shall be used to the exclusion of other fora.

A Party may request consultations with the other Party, through the contact point designated under Article 17.6 (Contact Points) of Chapter 17 (Administrative and Institutional Provisions), with respect to any matter described in Article 18.3. The Party making the request for consultations shall do so in writing, and shall set out the reasons for the request, including identification of the actual measure or other matter at issue and an indication of the factual and legal basis for the complaint.

Unless the Parties otherwise agree, the Party to which a request for consultations is made shall reply in writing to the request no later than 10 days after the date of its receipt.1

Unless the Parties otherwise agree, they shall enter into consultations no later than:

15 days after the date of receipt of the request in cases of urgency, including those which concern perishable goods; or

30 days after the date of receipt of the request for all other matters.

1 For greater certainty, if the Party to which a request for consultations is made does not reply within the time period specified in this paragraph, it shall be deemed to have received the request 10 days after the date on which the Party making the request for consultations transmitted that request.

Consultations may be held in person or by any technological means available to the Parties. If the consultations are held in person, they shall be held alternately in the Area of each Party, with the first meeting held in the Area of the Party to which the request for consultations is made, unless the Parties otherwise agree.

The Parties shall make every attempt to reach a mutually satisfactory resolution of the matter through consultations under this Article. To this end, each Party shall:

provide sufficient information to enable a full examination of how the actual measure might affect the operation or application of this Agreement; and

treat any information exchanged in the course of the consultations that is designated as confidential on the same basis as the Party providing the information.

In consultations under this Article, on request of a Party, the other Party shall endeavour to make available for the consultations personnel of its government agencies or other regulatory bodies who have responsibility for or expertise in the matter under consultation.

Consultations shall be confidential and without prejudice to the rights of a Party in any other proceedings.

The Parties may at any time agree to voluntarily undertake an alternative method of dispute resolution, such as good offices, conciliation or mediation.

Proceedings that involve such alternative methods of dispute resolution2 shall be confidential and without prejudice to the rights of a Party in any other proceedings.

The Parties may suspend or terminate the proceedings established under this Article at any time.

If the Parties agree, the alternative method of dispute resolution may continue while the matter is being examined by a panel established or a panel reconvened under this Chapter.

The Party that requested consultations under Article 18.5.1 may request, by means of a written notice addressed to the responding Party, the establishment of a panel if the

2 For greater certainty, such proceedings include positions taken by the Parties during these proceedings.

Parties fail to resolve the matter no later than:

30 days after the date of receipt of the request for consultations under Article 18.5.1 in cases of urgency, including those which concern perishable goods;

60 days after the date of receipt of the request for consultations under Article 18.5.1 for all other matters; or

any other period as the Parties may agree.

The complaining Party shall include in the request to establish a panel an identification of the specific measure or other matter at issue and a brief summary of the factual and legal basis of the complaint sufficient to present the problem clearly.

A panel shall be established upon receipt of the request.

Unless the Parties otherwise agree, the panel shall be composed in a manner consistent with this Chapter and the Rules of Procedure.

Unless the Parties otherwise agree no later than 20 days after the date of receipt of the request for the establishment of a panel, the terms of reference shall be to:

examine, in the light of the relevant provisions of this Agreement, the matter referred to in the request for the establishment of a panel under Article 18.7.1; and

make findings and determinations, as well as recommendations, if any, together with the reasons therefor, as provided for in Articles 18.15.4 and 18.16.

If, in its request for the establishment of a panel, a complaining Party claims that a measure nullifies or impairs benefits within the meaning of Article 18.3(c), the terms of reference shall so indicate.

A panel shall be composed of three members, including a chair.

Unless the Parties otherwise agree, each Party shall, in accordance with Article 18.10, no later than 30 days after the date of receipt of the request for the establishment of a panel, appoint one panellist who may be its natural person and propose

up to three candidates for appointment as the chair of the panel. The chair shall not be a natural person of either Party, nor have his or her usual place of residence in either Party, nor be employed by either Party, nor have dealt with the dispute in any capacity.

The Parties shall agree on and appoint the chair no later than 45 days after the date of receipt of the request for the establishment of a panel, taking into account the list of candidates proposed in accordance with paragraph 2. If appropriate, the Parties may jointly consult the panellists appointed in accordance with paragraph 2.

If any of the three appointments have not been made no later than 45 days after the date of receipt of the request for the establishment of a panel, panellist not yet appointed shall be appointed, on request of either Party, by lot from the list of the candidates proposed in accordance with paragraph 2. The appointment by lot shall be undertaken no later than seven days after the date of receipt of the request for appointment by lot, unless the Parties otherwise agree. Where more than one panellist, including the chair, is to be selected by lot, the chair shall be selected first.

The date of the establishment of a panel shall be the date on which the last panellist is appointed.

If the Parties agree that a panellist has failed to comply with the code of conduct referred to in Article 18.10.1(d), they may remove the panellist, waive the violation or request the panellist to ameliorate the violation within a specified period of time. If the Parties agree to waive the violation or determine that, after amelioration, the violation has ceased, the panellist may continue to serve.

If a panellist appointed in accordance with this Article resigns or becomes unable to act, including as a result of his or her removal in accordance with paragraph 6, a successor panellist shall be appointed in the same manner as prescribed for the appointment of the original panellist within 21 days, unless the Parties otherwise agree, and shall have all the powers and duties of the original panellist. The work of the panel, including any procedural timeframe, shall be suspended until the successor panellist has been appointed.

Where a panel is reconvened under Article 18.19 or Article 18.20, the reconvened panel shall, where possible, have the same panellists as the original panel. Where this is not possible, any successor panellist shall be appointed in the same manner as prescribed for the appointment of the original panellist within 21 days, unless the Parties otherwise agree, and shall have all the powers and duties of the original panellist.

All panellists shall:

have expertise or experience in law, international trade, other matters covered by this Agreement or the resolution of disputes arising under international trade agreements;

be chosen strictly on the basis of objectivity, reliability and sound judgment;

be independent of, and not affiliated with or take instructions from, either Party; and

comply with the code of conduct in the Rules of Procedure.

An individual shall not serve as a panellist for a dispute in which that person has participated under Article 18.6 or dealt with the dispute in any other capacity.

The function of a panel is to make an objective assessment of the matter before it, which includes an examination of the facts and the applicability of and conformity with this Agreement, and to make the findings, determinations and recommendations as are called for in its terms of reference and necessary for the resolution of the dispute.

Unless the Parties otherwise agree, the panel shall perform its functions and conduct its proceedings in a manner consistent with this Chapter and the Rules of Procedure.

The panel shall consider this Agreement in accordance with the customary rules of treaty interpretation of public international law as reflected in the Vienna Convention on the Law of Treaties, done at Vienna on May 23, 1969. With respect to any provision of the WTO Agreement that has been incorporated into this Agreement, the panel shall also consider relevant interpretations in reports of panels and the WTO Appellate Body adopted by the WTO Dispute Settlement Body. The findings, determinations and recommendations of the panel shall not add to or diminish the rights and obligations of the Parties under this Agreement.

A panel shall take its decisions by consensus. If a panel is unable to reach consensus, it may take its decisions by majority vote.

The Rules of Procedure, adopted under this Agreement in accordance with Article 17.2 (Functions of the Joint Commission) of Chapter 17 (Administrative and Institutional Provisions), shall ensure that:

there is at least one hearing before the panel at which each Party may present its views orally;

subject to subparagraph (e), any hearing before the panel shall be open to the public if the Parties agree;

each Party shall have an opportunity to provide at least an initial and a rebuttal written submission;

subject to subparagraph (e), each Party may:

release to the public its written submissions, written version of an oral statement and written response to a request or question from the panel, if any, as soon as possible after those documents are filed; and

if not already released, release all these documents by the time the final report of the panel is issued;

confidential information is protected;

the venue for hearings shall be decided by agreement between the Parties. If there is no agreement, the venue shall alternate between the Areas of the Parties with the first hearing to be held in the Area of the responding Party; and

administrative assistance is provided to a panel established under Article 18.7.

On request of either Party, or on its own initiative, a panel may seek information and technical advice from any person or body that it deems appropriate, subject to any terms and conditions agreed by the Parties. The Parties shall have an opportunity to comment on any information or advice obtained under this Article. If the panel takes the information or technical advice into account in the preparation of its reports, it shall also take into account any comments by the Parties on the information or technical advice.

The panel may suspend its work at any time on request of the complaining Party for a period not to exceed 12 consecutive months. The panel shall suspend its work at any time if the Parties request it to do so by joint notification to the chair of the panel. In the event of a suspension, the timeframes set out in this Chapter and in the Rules of Procedure shall be extended by the amount of time that the work was suspended. If the work of the panel is suspended for more than 12 consecutive months, the panel proceedings shall lapse unless the Parties otherwise agree.

The panel shall terminate its proceedings if the Parties request it to do so by joint notification to the chair of the panel.

The panel shall draft its report without the presence of the Parties.

The panel shall base its report on the relevant provisions of this Agreement, the interpretations issued by the Joint Commission, the submissions and arguments of the Parties, and any information or advice put before it under Article 18.13.

The panel shall present an initial report to the Parties no later than 120 days after the date of the appointment of the last panellist. In cases of urgency, including those which concern perishable goods, the panel shall endeavour to present an initial report to the Parties no later than 90 days after the date of the appointment of the last panellist.

The initial report shall contain:

a summary of the written and oral submissions and arguments;

the findings along with their factual and legal basis;

the determination of the panel as to whether:

the measure at issue is inconsistent with obligations in this Agreement;

the responding Party has otherwise failed to carry out its obligations in this Agreement; or

the measure at issue is causing nullification or impairment within the meaning of Article 18.3(c);

any other determination requested in the terms of reference;

recommendations, if any, whether on request of a Party or upon initiative of the panel, for the resolution of the dispute; and

the reasons for the findings and determinations.

If the panel makes recommendations, it may provide the reasons thereof in the initial report.

In exceptional cases, if the panel considers that it cannot present its initial report within the time period specified in paragraph 3, it shall inform the Parties in writing of

the reasons for the delay together with an estimate of when it will issue its report. Any delay shall not exceed an additional period of 30 days unless the Parties otherwise agree.

Panellists may present separate opinions on matters not unanimously agreed.

A Party may submit written comments to the panel on its initial report no later than 15 days after the date of receipt of the initial report or within another period as the Parties may agree.

After considering any written comments by the Parties on the initial report, the panel may modify its report and make any further examination it considers appropriate.

The panel shall present a final report to the Parties, including any separate opinions on matters not unanimously agreed, no later than 30 days, or 20 days in cases of urgency, after the date of receipt of the initial report, unless the Parties otherwise agree. After taking any steps to protect confidential information, and no later than 15 days after the presentation of the final report, the Parties shall release the final report to the public.

The panel shall not, either in its initial report or its final report, disclose which panellists are associated with majority or minority opinions.

No later than 10 days after the date of receipt of the final report, a Party may submit a written request for the panel to clarify any finding, determination or recommendation of the final report that it considers ambiguous. The panel shall reply to such request no later than 10 days after its submission.

Clarification by the panel shall not affect its findings, determinations and recommendations.

The submission of a request as described in paragraph 1 shall not affect the timeframes referred to in Article 18.19.

The findings and determinations of the panel shall be final and binding on the Parties.

The Parties recognise the importance of prompt compliance with determinations made by the panel in its final report under Article 18.16 in achieving the aim of the dispute settlement procedures in this Chapter, which is to secure a positive solution to disputes.

If in its final report under Article 18.16 the panel determines that:

the measure at issue is inconsistent with the obligations of the responding Party in this Agreement;

the responding Party has otherwise failed to carry out its obligations in this Agreement; or

the measure at issue is causing nullification or impairment within the meaning of Article 18.3(c),

the responding Party shall eliminate the non-conformity or the nullification or impairment, unless the Parties otherwise agree pursuant to Article 18.19.1.

Unless the Parties otherwise agree, the responding Party shall comply with the obligations in paragraph 3 immediately, or if this is not practicable, within a reasonable period of time.

The Parties shall endeavour to agree on the reasonable period of time referred to in paragraph 4. If the Parties fail to agree on the reasonable period of time no later than 45 days after the presentation of the final report under Article 18.16.1, either Party may, no later than 60 days after the presentation of the final report under Article 18.16.1, refer the matter to the chair of the panel to determine the reasonable period of time through arbitration.

The chair of the panel shall take into consideration as a guideline that the reasonable period of time should not exceed 15 months from the presentation of the final report under Article 18.16.1. However, such reasonable period of time may be shorter or longer, depending upon the particular circumstances.

The chair of the panel shall determine the reasonable period of time no later than 60 days after the date of referral to the chair under paragraph 5.

The Parties may agree to vary the procedures set out in paragraph 5, paragraph 6 and paragraph 7 for the determination of the reasonable period of time.

The responding Party shall, if requested by the complaining Party, enter into negotiations no later than 15 days after receipt of that request, with a view to developing mutually acceptable compensation, if:

the responding Party has notified the complaining Party that it does not intend to comply with the obligations in Article 18.18.3; or

following the expiry of the reasonable period of time established in accordance with Article 18.18, there is disagreement between the Parties as to whether the responding Party has complied with the obligations in Article 18.18.3.

A complaining Party may suspend benefits in accordance with paragraph 3 if the Parties have:

been unable to agree on compensation within 30 days of the date of receipt of the request made under paragraph 1; or

agreed on compensation but the complaining Party considers that the responding Party has failed to observe the terms of the agreement.

A complaining Party may, at any time after either of the conditions set out in paragraph 2 are met, provide written notice to the responding Party that it intends to suspend benefits of equivalent effect. The notice shall specify the level of benefits that the Party proposes to suspend.3 The complaining Party may begin suspending benefits 30 days after the date on which it provides notice under this paragraph.

The right to suspend benefits arising under paragraph 3 shall not be exercised if:

a review is being undertaken in accordance with paragraph 7; or

an agreed solution has been reached by the Parties.

The level of the suspension of benefits shall be equivalent to the level of the non- compliance, nullification or impairment.

In considering what benefits to suspend under paragraph 3, the complaining Party shall apply the following principles and procedures:

it should first seek to suspend benefits in the same sector or sectors as that affected by the measure or other matter that the panel has determined non- conformity or nullification or impairment to exist;

if it considers that it is not practicable or effective to suspend benefits in the same sector or sectors, it may suspend benefits in a different sector or sectors. In the written notice referred to in paragraph 3, the complaining Party shall indicate the reasons on which such decision to suspend benefits is based; and

3 For greater certainty, the phrase “the level of benefits that the Party proposes to suspend” refers to the level of concessions or other obligations under this Agreement the application of which the Party proposes to suspend.

in applying the principles set out in subparagraph (a) and subparagraph (b), it shall take into account:

the trade in the sector or sectors in which the panel has determined the non-conformity or nullification or impairment to exist, and the importance of that trade to the complaining Party;

  • Chapter   1 INITIAL PROVISIONS AND GENERAL DEFINITIONS 1
  • Section   A Initial Provisions 1
  • Article   1.1 Establishment of a Free Trade Area 1
  • Article   1.2 Relation to other Agreements 1
  • Section   B General Definitions 1
  • Article   1.3 General Definitions 1
  • Section   C Interpretations 1
  • Article   1.4 Interpretations 1
  • Chapter   2 TRADE IN GOODS 1
  • Section   A Definitions and Scope 1
  • Article   2.1 Definitions 1
  • Article   2.2 Scope of Application 1
  • Section   B National Treatment 1
  • Article   2.3 National Treatment 1
  • Section   C Elimination of Customs Duties 1
  • Article   2.4 Elimination of Customs Duties 1
  • Section   D Special Regimes 1
  • Article   2.5 Temporary Admission of Goods 1
  • Article   2.6 Duty-Free Entry of Commercial Samples of Negligible Value and Printed Advertising Materials 1
  • Section   E Non-Tariff Measures 1
  • Article   2.7 Import and Export Restrictions 1
  • Article   2.8 Import Licensing 1
  • Article   2.9 Administrative Fees and Formalities 1
  • Article   2.10 State Trading Enterprises 1
  • Article   2.11 Agricultural Export Subsidies 1
  • Chapter   3 RULES OF ORIGIN AND ORIGIN PROCEDURES 1
  • Article   3.1 Definitions 1
  • Article   3.2 Originating Goods 2
  • Article   3.3 Wholly Obtained or Produced Goods 2
  • Article   3.4 Regional Value Content 2
  • Article   3.5 Accumulation 2
  • Article   3.6 De Minimis 2
  • Article   3.7 Minimal Operations or Processes 2
  • Article   3.8 Fungible Goods or Materials 2
  • Article   3.9 Accessories, Spare Parts, Tools or Instructional or other Information Materials 2
  • Article   3.10 Packaging Materials and Containers for Retail Sale 2
  • Article   3.11 Packing Materials and Containers for Shipment 2
  • Article   3.12 Indirect Materials 2
  • Article   3.13 Sets of Goods 2
  • Article   3.14 Direct Transport 2
  • Section   B Origin Procedures 2
  • Article   3.15 Certificate of Origin 2
  • Article   3.16 Exemption of Certificate of Origin 2
  • Article   3.17 Authorised Body 2
  • Article   3.18 Minor Errors or Slight Discrepancies 2
  • Article   3.19 Obligations Regarding Importations 2
  • Article   3.20 Refund of Import Customs Duty 2
  • Article   3.21 Supporting Documents 2
  • Article   3.22 Record Keeping of Certificate of Origin and Supporting Documents 2
  • Article   3.23 Verification Process 2
  • Article   3.24 Denial of Preferential Tariff Treatment 3
  • Article   3.25 Electronic Origin Data Exchange 3
  • Article   3.26 Penalties 3
  • Article   3.27 Confidentiality 3
  • Chapter   4 CUSTOMS PROCEDURES AND TRADE FACILITATION 3
  • Article   4.1 Definitions 3
  • Article   4.2 Objectives 3
  • Article   4.3 Scope 3
  • Article   4.4 Affirmation of the WTO Agreement on Trade Facilitation 3
  • Article   4.5 Customs Valuation 3
  • Article   4.6 Tariff Classification 3
  • Article   4.7 Competent Authorities 3
  • Article   4.8 Facilitation 3
  • Article   4.9 Advance Rulings 3
  • Article   4.10 Application of Information Technology 3
  • Article   4.11 Single Window 3
  • Article   4.12 Use of International Standards 3
  • Article   4.13 Risk Management 3
  • Article   4.14 Publication and Enquiry Points 3
  • Article   4.15 Express Consignments 3
  • Article   4.16 Release of Goods 3
  • Article   4.17 Border Agency Cooperation 3
  • Article   4.18 Perishable Goods 3
  • Article   4.19 Penalties 3
  • Article   4.20 Review of Formalities and Documentation Requirements 3
  • Article   4.21 Authorised Economic Operator 3
  • Article   4.22 Review and Appeal 3
  • Article   4.23 Customs Cooperation and Assistance 3
  • Article   4.24 Consultation 3
  • Chapter   5 TECHNICAL BARRIERS TO TRADE 3
  • Article   5.1 Definitions 3
  • Article   5.2 Objectives 3
  • Article   5.3 Scope 4
  • Article   5.4 Affirmation of the TBT Agreement 4
  • Article   5.5 International Standards, Guides and Recommendations 4
  • Article   5.6 Equivalence of Technical Regulations 4
  • Article   5.7 Conformity Assessment Procedures 4
  • Article   5.8 Transparency 4
  • Article   5.9 Technical Cooperation 4
  • Article   5.10 Information Exchange 4
  • Article   5.11 Consultations 4
  • Article   5.12 Committee on Technical Barriers to Trade 4
  • Article   5.13 Contact Points 4
  • Chapter   6 SANITARY AND PHYTOSANITARY MEASURES 4
  • Article   6.1 Definitions 4
  • Article   6.2 Objectives 4
  • Article   6.3 Scope 4
  • Article   6.4 Affirmation of the SPS Agreement 4
  • Article   6.5 Transparency 4
  • Article   6.6 Equivalence 4
  • Article   6.7 Science and Risk Analysis 4
  • Article   6.8 Adaptation to Regional Conditions 4
  • Article   6.9 Cooperation 4
  • Article   6.10 Consultations 4
  • Article   6.11 Committee on SPS Measures 4
  • Article   6.12 Contact Points 4
  • Chapter   7 TRADE REMEDIES 4
  • Section   A Anti-dumping and Countervailing Duties 4
  • Article   7.1 Anti-dumping 4
  • Article   7.2 Subsidies and Countervailing Measures 4
  • Section   B Safeguard Measures 4
  • Article   7.3 Definitions 4
  • Article   7.4 Global Safeguard Measures 4
  • Article   7.5 Imposition of a Transitional Safeguard Measure 5
  • Article   7.6 Investigation Procedures and Transparency Requirements 5
  • Article   7.7 Standards for a Transitional Safeguard Measure 5
  • Article   7.8 Notification and Consultation 5
  • Article   7.9 Compensation 5
  • Article   7.10 Relation to other Safeguard Measures 5
  • Chapter   8 TRADE IN SERVICES 5
  • Article   8.1 Definitions 5
  • Article   8.2 Scope 5
  • Article   8.3 National Treatment (2) 5
  • Article   8.4 Most-Favoured-Nation Treatment 5
  • Article   8.5 Market Access 5
  • Article   8.6 Local Presence 5
  • Article   8.7 Non-Conforming Measures 5
  • Article   8.8 Domestic Regulation 5
  • Article   8.9 Recognition 6
  • Article   8.10 Denial of Benefits 6
  • Article   8.11 Transparency 6
  • Article   8.12 Payments and Transfers 6
  • Article   8.13 Contact Points 6
  • Annex 8-A  PROFESSIONAL SERVICES 6
  • Annex I  SCHEDULE OF HONG KONG, CHINA (Existing Non-Conforming Measures for Trade in Services) (1) 6
  • Annex I  SCHEDULE OF PERU (Existing Non-Conforming Measures for Trade in Services and Establishment) (1) 7
  • Annex II  SCHEDULE OF HONG KONG, CHINA (Reservations for Trade in Services) (1) 9
  • Annex II  SCHEDULE OF PERU (Reservations for Trade in Services and Establishment) (1) 11
  • Chapter   9 FINANCIAL SERVICES 12
  • Article   9.1 Definitions 12
  • Article   9.2 Scope 13
  • Article   9.3 National Treatment (2) 13
  • Article   9.4 Most-Favoured-Nation Treatment 13
  • Article   9.5 Market Access for Financial Institutions 13
  • Article   9.6 Cross-Border Trade 13
  • Article   9.7 Special Formalities and Information Requirements 13
  • Article   9.8 Senior Management and Boards of Directors 13
  • Article   9.9 Non-Conforming Measures 13
  • Article   9.10 Electronic Payment Card Systems 13
  • Article   9.11 Transparency and Administration of Measures 13
  • Article   9.12 Expedited Availability of Insurance Services 13
  • Article   9.13 Financial Services New to the Area of a Party 13
  • Article   9.14 Self-Regulatory Organisations 13
  • Article   9.15 Performance of Back-Office Functions 13
  • Article   9.16 Payment and Clearing Systems 13
  • Article   9.17 Denial of Benefits 13
  • Article   9.18 Payments and Transfers 13
  • Article   9.19 Treatment of Certain Information 13
  • Article   9.20 Exceptions Including for Prudential Reasons 13
  • Article   9.21 Recognition 13
  • Article   9.22 Consultations 13
  • Article   9.23 Contact Points 13
  • Article   9.24 Specific Provisions on Dispute Settlement 13
  • Annex 9-A  CROSS-BORDER TRADE 14
  • Annex 9-B  AUTHORITIES RESPONSIBLE FOR FINANCIAL SERVICES 14
  • Annex III  SCHEDULE OF HONG KONG, CHINA (Financial Services) (1) 14
  • Annex III  SCHEDULE OF PERU (Financial Services) (1) 14
  • Chapter   10 TEMPORARY ENTRY FOR BUSINESS PERSONS 15
  • Article   10.1 Definitions 15
  • Article   10.2 Scope 15
  • Article   10.3 Application Procedures 15
  • Article   10.4 Grant of Temporary Entry 15
  • Article   10.5 Provision of Information 15
  • Article   10.6 Relation to other Chapters 15
  • Article   10.7 Dispute Settlement 15
  • Annex 10-A  SPECIFIC TEMPORARY ENTRY FOR BUSINESS PERSONS. Schedule of Hong Kong, China (1) 15
  • Article   Article 12.4 (National Treatment) of Chapter 12 (Establishment and Related Provisions); or 16
  • Article   Article 12.5 (Performance Requirements) of Chapter 12 (Establishment and Related Provisions). 16
  • Article   Article 8.3 (National Treatment) of Chapter 8 (Trade In Services) or Article 12.4 (National Treatment) of Chapter 12 (Establishment and Related Provisions); 16
  • Article   Article 8.4 (Most-Favoured-Nation Treatment) of Chapter 8 (Trade In Services); 16
  • Article   Article 8.5 (Market Access) of Chapter 8 (Trade In Services); 16
  • Article   Article 8.6 (Local Presence) of Chapter 8 (Trade In Services); or 16
  • Article   Article 12.5 (Performance Requirements) of Chapter 12 (Establishment and Related Provisions). 16
  • Chapter   Chapter 12 (Establishment and Related Provisions), Do Not Apply to the Listed Measure(s); 16
  • Article   Articles 8.3 (National Treatment) and 8.6 (Local Presence) of Chapter 8 (Trade In Services) Are Separate Disciplines and a Measure That Is Only Inconsistent with Article 8.6 (Local Presence) of Chapter 8 (Trade In Services) Need Not Be Reserved Against Article 8.3 (National Treatment) of Chapter 8 (Trade In Services). 16
  • Article   Article 12.4 (National Treatment) of Chapter 12 (Establishment and Related Provisions); or 18
  • Article   Article 12.5 (Performance Requirements) of Chapter 12 (Establishment and Related Provisions). 18
  • Article   Articles 12.4 and 12.5 Shall Not Apply to: 19
  • Article   Articles 12.4 and 12.5 Shall Not Apply to Any Measure That a Party Adopts or Maintains with Respect to Sectors, Sub-sectors or Activities as Set Out In Its Schedule to Annex II. 19
  • Article   Article 12.4 Shall Not Apply to Any Measure That Falls Within Article 5 of the TRIPS Agreement, or an Exception to, or Derogation from, the Obligations Which Are Imposed by Article 3 of the TRIPS Agreement. 19
  • Article   Article 16.1: Definition 20
  • Article   Article 17.6: Contact Points 21
  • Article   Article 18.1: Definitions 21
  • Chapter   Chapter 2 (Trade In Goods); or 22
  • Article   Article 12.5 (Performance Requirements) of Chapter 12 (Establishment and Related Provisions). 22