The legislative body adopted a resolution on Thursday, dubbed“Blockchain: a forward-looking trade policy,” setting out how the nascent technology could improve EU trade policies, including free trade and mutual recognition agreements.
Modern arbitration law was created at the ICC, which remains the leading center for international arbitrations in the world. Although the Oslo Accords attempted to provide for mechanisms for the mutual recognition and enforcement of judicial decisions, in practice this has not worked.
we support move towards mutual recognition of procedures and eligibility rules;<Improve access to funding, notably through the strengthening of local intermediaries and financial markets, more effective use of MDBs capital, including through use of credit enhancement and guarantee instruments.
The revised Kyoto Convention on the Simplification and Harmonization of Customs Procedures; electronic SPS certification(e-cert); electronic certificates of origin; mutual recognition arrangement of conformity assessment on electrical and electronic equipment parts II and III; and corporate governance.
Ministers commended the outcomes of the case study on the effectiveness of Mutual Recognition Arrangements(MRAs) and similar mechanisms, led by Japan, whereby both member economies and private companies were surveyed, noting that they would help the practical application of MRAs and similar mechanisms and make them more effective, which would support trade facilitation.
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