Panama - Peru FTA (2011)
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Article 22.6. Denunciation

Either Party may denounce this Agreement. The denunciation shall take effect one hundred and eighty (180) days after written notification to the other Party, notwithstanding that the Parties may agree on a different period of time to give effect to the denunciation.

Conclusion

IN WITNESS WHEREOF, the undersigned, being duly authorized by their respective Governments, have signed this Treaty.

DONE at Panama, Republic of Panama, in two equally authentic and valid copies, this 25th day of May, 2011.

BY THE GOVERNMENT OF THE REPUBLIC OF PANAMA:

Roberto C. Henríquez Minister of Commerce and Industries

BY THE GOVERNMENT OF THE REPUBLIC OF PERU:

Eduardo Ferreyros Küppers Minister of Foreign Trade and Tourism

AS A WITNESS OF HONOR:

Ricardo Martinelli Berrocal President of the Republic of Panama

Attachments

Annex I. Nonconforming Measures

Annex I. Explanatory Note

1. A Party's Schedule to this Annex sets forth, in accordance with Articles 12.7 (Nonconforming Measures) and 13.7 (Nonconforming Measures), the non- conforming aspects of a Party's existing measures that are not subject to some or all of the obligations imposed by:

(a) Article 12.2 (National Treatment) or 13.3 (National Treatment);

(b) Article 12.3 (Most-Favored-Nation Treatment) or 13.4 (Most-Favored- Nation Treatment);

(c) Article 12.5 (Senior Executives and Boards of Directors);

(d) Article 12.6 (Performance Requirements);

(e) Article 13.5 (Market Access); or

(f) Article 13.6 (Local Presence).

2. Each reservation in the Party's Schedule sets forth the following elements:

(a) Sector refers to the general sector for which the reservation has been made;

(b) Subsector refers to the specific sector for which the reservation has been made;

(c) Obligations Affected specifies the obligation(s) referred to in paragraph 1 that, in accordance with Articles 12.7 (Non-Conforming Measures) and 13.7 (Non-Conforming Measures), do not apply to the non-conforming aspects of the measure(s) listed as provided for in paragraph 3;

(d) Level of Government indicates the level of government that maintains the measure(s) listed;

(e) Measures identifies the laws, regulations or other measures, for which the reservation has been made. A measure cited in the Measures element:

(i) means the measure as modified, continued or renewed, as of the date of entry into force of this Agreement; and

(ii) includes any subordinate action taken or maintained u n d e r the authority of, and consistent with, such action; and

(f) Description sets forth the liberalization commitments, if any, at the date of entry into force of this Agreement and the remaining non-conforming aspects of the existing measures on which the reservation has been made.

3. In interpreting a reservation to the List, all elements of the reservation shall be considered. A reservation shall be interpreted in the light of the relevant obligations of the Chapters in respect of which the reservation has been made. To the extent that:

(a) the Measures element is qualified by a liberalization commitment of the Description element, the Measures element so qualified shall prevail over any other element; and

(b) the Measures element is not qualified, the Measures element shall prevail over any other element, except where any discrepancy between the Measures element and the other elements considered as a whole is so substantial and material that it would be unreasonable to conclude that the Measures element should prevail, in which case, the other elements shall prevail to the extent of the discrepancy.

4. Pursuant to Articles 12.7 and 13.7, the Articles of this Agreement specified in the Affected Obligations element of a reservation do not apply to the non-conforming aspects of the measures identified in the Measures element of that reservation.

5. Where a Party maintains a measure requiring a service supplier to be a national, permanent resident, or resident in its territory as a condition for the supply of a service in its territory, a reservation made for that measure with respect to Article 13. 3 (National Treatment), 13.4 (Most-Favored-Nation Treatment), or 13.6 (Local Presence), shall operate as a reservation with respect to Article 12.2 (National Treatment), 12.3 (Most-Favored-Nation Treatment), or 12.6 (Performance Requirements) with respect to such measure.

6. For greater certainty, Article 13.5 (Market Access) refers to non-discriminatory measures.

7. The Parties understand that the requirement to appoint proxies, representatives or agents, whether national, local or resident, is not incompatible with the obligations of Chapter 13 (Cross-Border Trade in Services).

Annex I. Schedule of Panama

1. Sector: Retail Trade

Subsector:

Obligations Affected: National Treatment (Article 12.2) Senior Executives and Boards of Directors (Article 12.5)

Level of government: Central

Measures: Article 293 of the 1972 Constitution

Article 5 and 10 of Law No. 5 of January 11, 2007

Article 12 of Executive Decree No. 26 of July 12, 2007

Description: Investment

1. Only the following persons may have a retail business in Panama:

(a) a Panamanian national by birth;

(b) a natural person who, at the date of the entry into force of the 1972 Constitution, was a naturalized Panamanian national, the spouse of a Panamanian national or a natural person who had a child with a Panamanian national;

(c) a natural person who has been a naturalized Panamanian national for at least three (3) years;

(d) a foreign national or a foreign juridical person subject to the national legislation of a foreign country that had a legal retail trade business in Panama at the date of entry into force of the 1972 Constitution; and

(e) a juridical person, organized under the national legislation of Panama or of any other country, if the ownership of such person corresponds to a person included in subparagraphs (a), (b),(c) or (d), as provided in Article 293, paragraph 5 of the 1972 Constitution.

2. However, a foreign national not authorized to engage in the retail trade business may participate in those companies that sell products manufactured by such companies.

For greater certainty, it is understood by:

Wholesale trade: The activity exercised by engaging in:

(a) the rendering of services, except for those classified as retail trade by the legislation in force;

(b) sales to the State and to companies;

(c) the exercise of all kinds of commercial activities that do not constitute retail trade.

Retail trade: The activity exercised by engaging in:

(a) the sale of goods to the consumer;

(b) representation or agency of production or commercial companies;

(c) any other activity that the law qualifies as such.

2. Sector: Real Estate

Subsector:

Obligations Affected: National Treatment (Article 12.2)

Level of government: Central

Measures: Articles 290 and 291 of the 1972 Constitution.

Description: Investment

1. No foreign government, foreign official or foreign state enterprise may own real property in Panama, except for those properties used as embassies.

2. A foreign national, or a foreign company incorporated under the laws of Panama and owned in whole or in part by foreign nationals, may not own real property within ten (10) kilometers of the borders of Panama.

3. Sector: Utilities

Subsector:

Obligations Affected: National Treatment (Article 12.2)

Level of government: Central

Measures: Article 285 of the 1972 Constitution

Description: Investment

The majority of the capital of a private company participating in public utilities operating in Panama must be owned by a Panamanian person, except when permitted by national legislation. For clarity, public utilities are understood as potable water supply services, sanitary sewage, electricity, telecommunications, radio and television, and transmission and distribution of natural gas.

4. Sector: All Sectors

Subsector:

Obligations Affected: National Treatment (Article 13.3) Senior Executives and Boards of Directors (Article 12.5)

Level of government: Central

Measures: Article 322 of the 1972 Constitution

Articles 13, 14 and 86 of Law No. 19 of June 11, 1997

Description: Investment and Cross-Border Trade in Services

1. Preference shall be given to Panamanian nationals over foreign nationals to fill contractual positions in the Panama Canal Authority. A foreign national may be hired instead of a Panamanian national, provided the position is difficult to fill and all means have been exhausted to hire a qualified Panamanian national, and the Panama Canal Authority Administrator has given his authorization. If the only applicants for a position in the Panama Canal Authority are foreign nationals, preference shall be given to a foreign national with a Panamanian spouse or a foreign national who has lived in Panama for ten (10) consecutive years.

2. Only a Panamanian national may be a director of the Panama Canal Authority.

5. Sector: Artistic Activities

Subsector:

Obligations Affected: National Treatment (Article 13.3)

Level of government: Central

Measures: Article 1 of Law No. 10 of January 8, 1974.

Article 1 of Executive Decree No. 38 of August 12, 1985

Description:Cross Border Trade in Services

1. Every employer that hires a foreign orchestra or musical group must hire a Panamanian orchestra or musical group to perform in each of the locations where the foreign orchestra or musical group performs. This obligation will be maintained throughout the duration of the contract of the foreign orchestra or musical group. This Panamanian orchestra or musical group shall receive at least the amount of one thousand United States dollars (USD 1,000.00) per performance. Each member of the group must receive an amount not less than sixty United States dollars (USD 60.00).

2. A Panamanian artist performing alongside a foreign artist must be contracted under equal conditions and with the same professional considerations. This applies, but is not limited to, promotions, publicity and advertisements related to the event, regardless of the medium used.

3. The contracting of a foreign artist for promotions, or the donation or charitable exchange of services or works of a foreign artist will be approved only if it does not adversely affect or displace a Panamanian artist. In any case, the hiring must be subject to an expert evaluation to determine the value of the service and work provided for the purpose of paying union dues and fees.

6. Sector: Communications

Subsector:

Obligations Affected: National Treatment (Articles 12.2 and 13.3)

Most-Favored-Nation Treatment (Article 13.4) Senior Executives and Boards of Directors (Article 12.5)

Level of government: Central

Measures: Article 285 of the 1972 Constitution

Articles 14 and 25 of Law No. 24 of June 30, 1999

Articles 152 and 161 of Executive Decree No. 189 of August 13, 1999.

Description: Investment and Cross-Border Trade in Services

1. A concession to operate a public radio or television station in Panama may be awarded to a natural person or a company. In the case of a natural person, the concessionaire must be a Panamanian national. In the case of a corporation, at least sixty-five percent (65%) of the shares of the concessionaire must be owned by Panamanian nationals. By exception to the provisions of Article 280 of the Constitution, this requirement does not apply to public radio and paid television services, and therefore, foreign ownership of more than fifty percent (50%) in the capital of these concessions is authorized.

2. Each of the senior executives and directors of a company operating a public radio or television station must be a Panamanian national.

3. Under no circumstances may a foreign government or foreign state enterprise supply, by itself or through a third party, public radio or television services or have a controlling interest, directly or indirectly, in an enterprise providing such services.

4. The concessionaire of a public radio or television service may not broadcast any type of advertising originating within Panama that contains an advertisement made by an advertiser that does not have a license issued by the National Authority of Public Services. Such license may only be obtained by a Panamanian national or by a national of another country that has granted reciprocal rights to Panamanian nationals.

7. Sector: Communications

Subsector:

Obligations Affected: National Treatment (Article 12.2)

Level of government: Central

Measures: Article 21 of Law No. 31 of February 8, 1996.

Description: Investment

An enterprise under the ownership or control, directly or indirectly, of a foreign government, or in which a foreign government is a partner, may not supply telecommunications services in the territory of Panama.

8. Sector: Education

Subsector:

Obligations Affected: National Treatment (Article 13.3)

Level of government: Central

Measures: Article 100 of the 1972 Constitution

Description:Cross Border Trade in Services

Only a Panamanian national may teach Panamanian history and civic education in the territory of Panama.

9. Sector: Electric Power

Subsector:

Obligations Affected: Market Access (Article 13.5)

Level of government: Central

Measures: Articles 32, 45 and 46 of Law No. 6 of February 3, 1997.

Description:Cross Border Trade in Services

1. Electric power transmission services in the territory of Panama may be provided only by the Government of Panama.

2. Electric power distribution services in the territory of Panama will be provided by three (3) companies for a period of fifteen (15) years, under concessions granted by the National Authority of Public Services. Said period began on October 22, 1998.

10. Sector: Crude Oil, Hydrocarbons and Natural Gas.

Subsector:

Obligations Affected: Local Presence (Article 13.6) Performance Requirements (Article 12.6)

Level of government: Central

Measures: Articles 21, 26 and 71 of Law No. 8 of June 16, 1987

Law No. 52 of July 30, 2008

Description: Investment and Cross-Border Trade in Services

1. If the contractor is a foreign legal entity, it must establish or open a branch in the Republic of Panama.

2. A contractor or subcontractor may procure goods or services abroad if:

(a) the good or service is not available in Panama; or

  • Chapter   1 Initial Provisions and General Definitions 1
  • Section   A Initial Provisions 1
  • Article   1.1 Establishment of the Free Trade Zone 1
  • Article   1.2 Objectives 1
  • Article   1.3 Relationship to other International Agreements 1
  • Article   1.4 Scope of Obligations 1
  • Section   B General Definitions 1
  • Article   1.5 Definitions of General Application 1
  • Annex 1.5  Country-Specific Definitions 1
  • Chapter   2 Access to Commodity Markets 1
  • Article   2.1 Scope of Application 1
  • Section   A National Treatment 1
  • Article   2.2 National Treatment 1
  • Section   B Tariff Elimination 1
  • Article   2.3 Tariff Elimination 1
  • Section   C Special Regimes 1
  • Article   2.4 Exemption from Customs Duties 1
  • Article   2.5 Temporary Admission of Goods 1
  • Article   2.6 Goods Reimported after Repair or Alteration 1
  • Article   2.7 Free Lmport from Tariffs Tariffs for Commercial Samples of Insignificant Value and Printed Advertising Materials 1
  • Section   D Non-Tariff Measures 1
  • Article   2.8 Import and Export Restrictions 1
  • Article   2.9 Import and Export Licensing 2
  • Article   2.10 Administrative Burdens and Formalities 2
  • Article   2.11 Export Taxes 2
  • Section   E Other Measures 2
  • Article   2.12 State Trading Enterprises 2
  • Article   2.13 Customs Valuation 2
  • Section   F Agriculture 2
  • Article   2.14 Scope and Coverage 2
  • Article   2.15 Agricultural Export Subsidies 2
  • Section   G Institutional Arrangements Rule 2
  • Article   2.16 Committee on Trade In Goods 2
  • Section   H Definitions 2
  • Article   2.17 Definitions 2
  • Chapter   3 Rules of Origin and Origin Procedures 2
  • Section   A Rules of Origin 2
  • Article   3.1 Originating Goods 2
  • Article   3.2 Wholly Obtained or Wholly Produced Goods 2
  • Article   3.3 Regional Content Value 2
  • Article   3.4 Minimum Operations or Processes 2
  • Article   3.5 Intermediate Material 2
  • Article   3.6 Accumulation 2
  • Article   3.7 De Minimis 2
  • Article   3.8 Goods and Fungible Materials 2
  • Article   3.9 Accessories, Spare Parts and Tools 2
  • Article   3.10 Sets or Assortments of Goods 2
  • Article   3.11 Retail Containers and Packaging Materials 2
  • Article   3.12 Containers and Packing Materials for Shipment 2
  • Article   3.13 Indirect Materials 3
  • Article   3.14 Direct Transport 3
  • Section   B Origin Procedures 3
  • Article   3.15 Proof of Origin 3
  • Article   3.16 Certificate of Origin 3
  • Article   3.17 Declaration of Origin 3
  • Article   3.18 Approved Exporter 3
  • Article   3.19 Notifications 3
  • Article   3.20 Electronic Certificate of Origin 3
  • Article   3.21 Obligations Relating to Imports 3
  • Article   3.22 Refund of Customs Duties 3
  • Article   3.23 Supporting Documents 3
  • Article   3.24 Preservation of Proofs of Origin and Supporting Documents 3
  • Article   3.25 Exceptions to the Proof of Origin Requirement 3
  • Article   3.26 Verification Process 3
  • Article   3.27 Measures to Guarantee the Fiscal Interest 3
  • Article   3.28 Sanctions 3
  • Article   3.29 Review and Appeal Appeals 3
  • Article   3.30 Confidentiality 3
  • Article   3.31 Invoicing by a Third Country 3
  • Article   3.32 Uniform Regulations 3
  • Article   3.33 Rules of Origin Committee 3
  • Article   3.34 Re-export Certificate 4
  • Article   3.35 Definitions 4
  • Chapter   4 Trade Facilitation and Customs Procedures 4
  • Article   4.1 Publication 4
  • Article   4.2 Dispatch of Goods 4
  • Article   4.3 Automation 4
  • Article   4.4 Risk Administration or Risk Management 4
  • Article   4.5 Transit of Goods 4
  • Article   4.6 Expedited Delivery Shipments 4
  • Article   4.7 Authorized Economic Operator 4
  • Article   4.8 Foreign Trade Single Window 4
  • Article   4.9 Review and Appeal 4
  • Article   4.10 Sanctions 4
  • Article   4.11 Advance Rulings 4
  • Article   4.12 Committee on Trade Facilitation and Customs Procedures 4
  • Chapter   5 Cooperation and Mutual Administrative Assistance In Customs Matters 4
  • Article   5.1 Scope 4
  • Article   5.2 Implementation 4
  • Article   5.3 Communication of Information 4
  • Article   5.4 Verification 4
  • Article   5.5 Cooperation and Technical Assistance 4
  • Article   5.6 Applications 5
  • Article   5.7 Execution of Applications 5
  • Article   5.8 Archives, Documents and other Materials 5
  • Article   5.9 Use of Information 5
  • Article   5.10 Confidentiality 5
  • Article   5.11 Costs 5
  • Article   5.12 Exception from the Obligation to Provide Assistance 5
  • Article   5.13 Process of Verification of Compliance Y Dispute Resolution Dispute Resolution 5
  • Article   5.14 Definitions 5
  • Chapter   6 Sanitary and Phytosanitary Measures 5
  • Article   6.1 Scope of Application 5
  • Article   6.2 Objectives 5
  • Article   6.3 Reaffirmation of WTO SPS Agreement 5
  • Article   6.4 Rights and Obligations of the Parties 5
  • Article   6.5 Equivalence 5
  • Article   6.6 Risk Assessment and Determination of the Appropriate Level of SPS Protection 5
  • Article   6.7 Adaptation to Regional Conditions with Inclusion of Pest- or Disease Free Areas and Areas of Low Pest or Disease Prevalence 5
  • Article   6.8 Inspection, Control and Approval 5
  • Article   6.9 Transparency 5
  • Article   6.10 Cooperation and Technical Assistance 5
  • Article   6.11 Committee on Sanitary and Phytosanitary Measures 5
  • Article   6.12 Settlement of Disputes 5
  • Article   6.13 Definitions 5
  • Chapter   7 Technical Barriers to Trade 5
  • Article   7.1 Scope of Application 5
  • Article   7.2 Objectives 5
  • Article   7.3 Reaffirmation of the WTO TBT Agreement 5
  • Article   7.4 Trade Facilitation 5
  • Article   7.5 Use of International Standards 5
  • Article   7.6 Technical Regulations 5
  • Article   7.7 Conformity Assessment 5
  • Article   7.8 Transparency 6
  • Article   7.9 Technical Cooperation 6
  • Article   7.10 Committee on Technical Barriers to Trade 6
  • Article   7.11 Exchange of Information 6
  • Article   7.12 Definitions 6
  • Chapter   8 Trade Defense 6
  • Section   A Bilateral Safeguard Measures 6
  • Article   8.1 Imposition of a Bilateral Safeguard Measure 6
  • Article   8.2 Standards for a Bilateral Safeguard Measure 6
  • Article   8.3 Investigation Procedures and Transparency Requirements 6
  • Article   8.4 Provisional Bilateral Safeguard Measures 6
  • Article   8.5 Notification and Consultation 6
  • Article   8.6 Compensation 6
  • Article   8.7 Definitions 6
  • Section   B Global Safeguarding Measures 6
  • Article   8.8 Global Safeguarding Measures 6
  • Section   C Antidumping and Countervailing Duties 6
  • Article   8.9 Antidumping and Countervailing Duties 6
  • Section   D Cooperation 6
  • Article   8.10 Cooperation 6
  • Chapter   9 Intellectual Property 6
  • Article   9.1 Basic Principles 6
  • Article   9.2 General Provisions 6
  • Article   9.3 Marks 6
  • Article   9.4 Geographical Indications 7
  • Article   9.5 Traditional Knowledge 7
  • Article   9.6 Measures Related to the Protection of Biodiversity and Traditional Knowledge 7
  • Article   9.7 Copyright and Related Rights 7
  • Article   9.8 Enforcement 7
  • Article   9.9 Cooperation and Science and Technology 7
  • Chapter   10 Public Procurement 7
  • Article   10.1 Scope of Application 7
  • Article   10.2 Safety and General Exceptions 7
  • Article   10.3 General Principles 7
  • Article   10.4 Use of Electronic Means In Public Contracting 8
  • Article   10.5 Publication of Procurement Information 8
  • Article   10.6 Publication of Notices 8
  • Article   10.7 Conditions for Participation 8
  • Article   10.8 Information on Future Procurements 8
  • Article   10.9 Deadlines 8
  • Article   10.10 Procurement Procedures 8
  • Article   10.11 Electronic Auctions 8
  • Article   10.12 Opening of Bids and Award of Contracts 8
  • Article   10.13 Transparency of Procurement Information 8
  • Article   10.14 Disclosure of Information 8
  • Article   10.15 Article 10.15: National Review Procedures for the Lodging of Appeals 8
  • Article   10.16 Modifications and Amendments to Coverage 8
  • Article   10.17 Integrity In Procurement Practices 9
  • Article   10.18 Additional Negotiations 9
  • Article   10.19 Participation of Micro, Small and Medium-Size Enterprises 9
  • Article   10.20 Cooperation 9
  • Article   10.21 Public Procurement Committee 9
  • Article   10.22 Definitions 9
  • Chapter   11 Competition Policy 9
  • Article   11.1 Objectives 9
  • Article   11.2 Legislation and Competent Authorities 9
  • Article   11.3 Cooperation 9
  • Article   11.4 Notifications 9
  • Article   11.5 Exchange of Information 9
  • Article   11.6 Consultations 9
  • Article   11.7 Settlement of Disputes 9
  • Chapter   12 Investment 9
  • Section   A Substantive Obligations 9
  • Article   12.1 Scope of Application and Coverage (1) 9
  • Article   12.2 National Treatment 9
  • Article   12.3 Most-Favored-Nation Treatment 9
  • Article   12.4 Minimum Standard of Treatment (2) 9
  • Article   12.5 Senior Management and Boards of Directors 9
  • Article   12.6 Performance Requirements 9
  • Article   12.7 Nonconforming Measures 9
  • Article   12.8 Environmental Measures 10
  • Article   12.9 Treatment In the Event of a Dispute 10
  • Article   12.10 Expropriation and Compensation (7) 10
  • Article   12.11 Transfers 10
  • Article   12.12 Denial of Benefits 10
  • Article   12.13 Special Formalities and Information Requirements 10
  • Article   12.14 Subrogation 10
  • Section   B Investor-State Dispute Settlement 10
  • Article   12.15 Consultation and Negotiation 10
  • Article   12.16 Submission of a Claim to Arbitration 10
  • Article   12.17 Consent of Each Party to Arbitration 10
  • Article   12.18 Conditions and Limitations on Consent of Each Party 10
  • Article   12.19 Procedure Regarding Prudential Measures 10
  • Article   12.20 Selection of Arbitrators 10
  • Article   12.21 Conduct of the Arbitration 10
  • Article   12.22 Transparency In Arbitration Proceedings 10
  • Article   12.23 Applicable Law 11
  • Article   12.24 Interpretation of Exhibits 11
  • Article   12.25 Expert Reports 11
  • Article   12.26 Consolidation of Proceedings 11
  • Article   12.27 Awards 11
  • Article   12.28 Finality and Enforcement of an Award 11
  • Article   12.29 Delivery of Documents 11
  • Section   C Definitions 11
  • Article   12.30 Definitions 11
  • Annex 12.4  Customary International Law 11
  • Annex 12.10  Expropriation 11
  • Annex 12.15  Delivery of Documents to a Party under Section B (Investor-State Dispute Settlement) 11
  • Annex 12.21  Communications from Non-Disputing Parties 11
  • Chapter   13 Cross-Border Trade In Services 12
  • Article   13.1 Scope of Application 12
  • Article   13.2 Subsidies 12
  • Article   13.3 National Treatment 12
  • Article   13.4 Most-Favored-Nation Treatment 12
  • Article   13.5 Market Access 12
  • Article   13.6 Local Presence 12
  • Article   13.7 Nonconforming Measures 12
  • Article   13.8 Notification (4) 12
  • Article   13.9 Transparency In the Development and Application of the Regulations (5) 12
  • Article   13.10 National Regulations 12
  • Article   13.11 Mutual Recognition 12
  • Article   13.12 Transfers and Payments 12
  • Article   13.13 Denial of Benefits 12
  • Article   13.14 Implementation 12
  • Article   13.15 Definitions 12
  • Appendix 13.11  Professional Services 12
  • Chapter   14 Financial Services 12
  • Article   14.1 Scope of Application and Coverage 12
  • Article   14.2 National Treatment 13
  • Article   14.3 Most-Favored-Nation Treatment 13
  • Article   14.4 Recognition 13
  • Article   14.5 Right of Establishment 13
  • Article   14.6 Cross-Border Trade 13
  • Article   14.7 New Financial Services 13
  • Article   14.8 Treatment of Certain Information 13
  • Article   14.9 Senior Management and Boards of Directors 13
  • Article   14.10 Nonconforming Measures 13
  • Article   14.11 Exceptions 13
  • Article   14.12 Transparency 13
  • Article   14.13 Self-Regulatory Organizations 13
  • Article   14.14 Payment and Clearing Systems 13
  • Article   14.15 Financial Services Committee 13
  • Article   14.16 Consultations 13
  • Article   14.17 Settlement of Disputes 13
  • Article   14.18 Financial Services Investment Disputes 13
  • Article   14.19 Definitions 13
  • Annex 14.6  Cross Border Trade 14
  • Section   A Panama 14
  • Section   B Peru 14
  • Appendix 14.15  Authorities Responsible for Financial Services 14
  • Chapter   15 Maritime Services 14
  • Article   15.1 Scope of Application 14
  • Article   15.2 Participation In Transportation 14
  • Article   15.3 National Treatment 14
  • Article   15.4 Agents and Representatives 14
  • Article   15.5 Recognition of Vessel Documentation 14
  • Article   15.6 Recognition of Travel Documents of the Crew Members O F a Party's Vessel 14
  • Article   15.7 Jurisdiction 14
  • Article   15.8 Cooperation 14
  • Article   15.9 Points of Contact 14
  • Article   15.10 Definitions 14
  • Chapter   16 Telecommunications 14
  • Article   16.1 Scope of Application 14
  • Article   16.2 Access to and Use of Public Telecommunication Networks and Services (2) 14
  • Article   16.3 Procedures Relating to Licenses or Concessions 14
  • Article   16.4 Behavior of Dominant or Significant Suppliers 14
  • Article   16.5 Universal Service 15
  • Article   16.6 Allocation and Use of Scarce Resources 15
  • Article   16.7 Regulatory Body 15
  • Article   16.8 Compliance 15
  • Article   16.9 Settlement of Domestic Telecommunication (3) 15
  • Article   16.10 Transparency 15
  • Article   16.11 Abstention 15
  • Article   16.12 Relation to other Chapters 15
  • Article   16.13 International Standards and Organizations 15
  • Article   16.14 Definitions 15
  • Chapter   17 Temporary Entry of Business Persons 15
  • Article   17.1 General Principles 15
  • Article   17.2 General Obligations 15
  • Article   17.3 Temporary Entry Authorization 15
  • Article   17.4 Exchange of Information 15
  • Article   17.5 Committee on Temporary Entry of Business Persons 15
  • Article   17.6 Cooperation 15
  • Article   17.7 Settlement of Disputes 15
  • Article   17.8 Relationship with other Chapters 15
  • Article   17.9 Transparency In the Processing of Applications 15
  • Article   17.10 Definitions 15
  • Annex 17.3(1)  Categories of Business Persons 15
  • Section   A Business Visitors 15
  • Appendix 1  Business Visitors 16
  • Section   B Merchants and Investors 16
  • Section   C Intracompany Transfers of Personnel 16
  • Annex 17.3(2)  Section C: Intracompany Transfers of Personnel 16
  • Panama 16
  • Section   A Business Visitors 16
  • Section   B Merchants and Investors 16
  • Section   C Intracompany Transfers of Personnel 16
  • Peru 16
  • Section   A Business Visitors 16
  • Section   B Merchants and Investors 16
  • Section   C Intracompany Transfers of Personnel 16
  • Chapter   18 Dispute Resolution 16
  • Article   18.1 Cooperation 16
  • Article   18.2 Scope of Application 16
  • Article   18.3 Election of the Forum 16
  • Article   18.4 Consultations 16
  • Article   18.5 Establishment of a Panel 16
  • Article   18.6 Qualifications of Panelists 16
  • Article   18.7 Selection of the Panel 16
  • Article   18.8 Rules of Procedure 16
  • Article   18.9 Report of the Panel 16
  • Article   18.10 Compliance with the Report 16
  • Article   18.11 Noncompliance - Suspension of Benefits 16
  • Article   18.12 Compliance Review and Suspension of Benefits 17
  • Article   18.13 Matters Relating to Judicial and Administrative Proceedings 17
  • Article   18.14 Rights of Individuals 17
  • Article   18.15 Alternative Means of Dispute Resolution 17
  • Article   18.16 Suspension and Termination of Proceedings 17
  • Chapter   19 Transparency 17
  • Article   19.1 Points of Contact 17
  • Article   19.2 Publication 17
  • Article   19.3 Provision of Information 17
  • Article   19.4 Administrative Procedures 17
  • Article   19.5 Review and Challenge 17
  • Article   19.6 Specific Standards 17
  • Article   19.7 Definitions 17
  • Chapter   20 Administration of the Treaty 17
  • Article   20.1 The Free Trade Commission 17
  • Article   20.2 Free Trade Agreement Coordinators 17
  • Article   20.3 Administration of Dispute Settlement Procedures 17
  • Annex 20.1  The Free Trade Commission 17
  • Annex 20.2  Free Trade Agreement Coordinators 17
  • Chapter   21 Exceptions 17
  • Article   21.1 General Exceptions 17
  • Article   21.2 Essential Security 17
  • Article   21.3 Taxation 17
  • Article   21.4 Disclosure of Information 17
  • Article   21.5 Balance of Payments Safeguard Measures 17
  • Chapter   22 Final Provisions 17
  • Article   22.1 Annexes, Appendices and Footnotes 17
  • Article   22.2 Amendments 17
  • Article   22.3 Article 22.3: Amendments to the WTO Agreement 17
  • Article   22.4 Reservations and Interpretative Statements (1) 17
  • Article   22.5 Entry Into Force 17
  • Article   22.6 Denunciation 18
  • Annex I  Nonconforming Measures 18
  • Annex I  Explanatory Note 18
  • Annex I  Schedule of Panama 18
  • Annex I  Schedule of Peru 20
  • Annex II  Nonconforming Measures 22
  • Annex II  Explanatory Note 22
  • Annex II   Schedule of Panama 22
  • Annex II  Schedule of Peru 23