National Trade Policy

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National Trade Policy
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• The Creation of an Independent State of Palestine

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Strategic Vision
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• To create a Palestinian economy compatible with
  the multi-lateral trading system (MTS) and
  capable of competing in international trade arena

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Mission
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• To expand the Palestinian process for public and
  private sector dialogue
• To use international standards for the
  establishment of best practices for building
  the Palestinian economy
• To establish consensus for a Palestinian economic
  strategy in compliance with the MTS

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Compliance with MTS Road Map
National Task Force
Co-ordination
WTO/WIPO Reference Center
Technical Advisory Team
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Approach????????
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The Makings of The State of Palestine
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Palestines foreign trade regime will consist of
a coherent, streamlined and transparent body of
relevant economic policies, strategies, laws,
regulations, procedures and institutions.
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Components of Trade Policy ?????? ???????
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National Economic Development ????? ????????
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National Economic Strategy ????????????
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National Interests ??????? ???????
International Standards ???????? ???????
Private Sector Interests ????? ?????? ?????
Social Policy ???????? ??????????
Development Objectives ??????? ????????
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Instruments for implementation of Trade Policy
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• Tariffs, Internal taxation on trade, Duty-Draw
  Back
• Technical Barriers to Trade (TBT), Sanitary and
  Phyto Sanitary measures (SPS) and Rules of
  Origin
• Competition Policy
• Trade in Transit
• Import procedures and Customs Valuation

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Instruments for implementation of Trade Policy
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• Intellectual Property Rights
• Movement and Residence of Natural Persons /
  Registration of Legal Entities
• Capital Transactions
• Balance of Payments
• Government Procurement

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Legal Structure for Foreign Trade ?????? ????????
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constitution
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Legal Structure of Customs and Indirect Taxation
Legislation
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• Legal basis for tariffs
• Schedule of tariffs
• Tariff quotas
• Emoluments on customs inspections.

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• legal basis for levies
• customs valuation
• rules of origin
• tariff exemptions
• customs operation
• clearance procedures
• pre-shipment inspection
• transit

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• Purchase Tax
• VAT
• Excises
• Duty Draw Back

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Legal Structure of Non-Tariff Foreign Trade
Legislation
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• Defines authorities
• De facto application of WTO rules
• Quantitative restrictions
• Licensing procedures
• Safeguard measures
• Anti-dumping and countervailing duties
  (subsidies)
• Security exceptions
• Balance of payment measures
• economic sanctions
• TBT SPS
• Services and investment

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SPS ??????? ? ?????????
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• Licensing procedures
• Quotas
• Quantitative restrictions
• Sanitary and phytosanitary measures relating to
  primary products.

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Competition Law

• Rules on cartels
• Dominant positions
• Mergers Acquisitions
• Unfair competition
• Intellectual property
• Subsidies
• Market access
• National treatment
• Government procurement

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• Incentives
• Taxation of investment
• Expropriation
• Equitable compensation
• Nationalization
• Market operations allowed to foreign service
  providers

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Ongoing and Future Work-1
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• Autonomous foreign trade regime
• Draft legislation on external trade regulation
  (Foreign Trade Act).
• Economic analysis for the preparation of tariff
  rates for industrial and agricultural goods
• Technical and SPS standard policies and
  programmes for the development of legal,
  institutional and technical infrastructure
• Options for government procurement policy

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Ongoing and Future Work-2
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• Intellectual Property Law
• Competition Policy
• Preparations for WTO Accession
• Compatibility of laws and regulations with WTO
  requirements.
• Compatibility of Economic System with the MTS

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Case Study

• The Foreign Trade Act of Palestine
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• Economic Policy Programme
• Ministry of Economy, Industry, and Trade
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Essential Elements

• Provide legal basis for conduct of foreign trade
  relations
• Address treaty making power and jurisdiction
  issues
• Define scope and remedies of judicial review
• Contain basic rules on trade measures
• Set out rules on fees and emoluments

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• The End
• Thank you!

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