Decision No. 106/2006/QĐ-TTg approves the Agreement on Dispute Settlement Mechanism under the Framework Agreement on Comprehensive Economic Cooperation between ASEAN and Korea, applicable to relevant agencies and enterprises participating in economic cooperation between Vietnam and ASEAN and Korea. Notably, approving this agreement aims to protect Vietnam's interests during dispute resolution.
Key points
- Relevant agencies (Ministry of Foreign Affairs, Ministry of Trade) → notify and publish the Agreement
- Ministry of Trade → serves as the contact point and coordinates the implementation of the Agreement
- Ministry of Justice → compile a list of arbitrators to resolve disputes
🌐 Social impact of this document
- Positive impact: Protects Vietnam's interests in international economic disputes.
- Negative impact: No specific impact on citizens/businesses is mentioned.
❓ Frequently asked questions
Who does this Decision apply to?
This Decision does not directly specify the subjects to whom it applies, but relevant agencies such as the Ministry of Foreign Affairs, Ministry of Trade, and Ministry of Justice will carry out tasks as prescribed by the Decision.
What effects does approving the Agreement have?
Approving the Agreement aims to protect Vietnam's interests during the process of resolving international economic disputes with ASEAN and Korea.
What tasks will the Ministry of Trade undertake?
The Ministry of Trade serves as the contact point and coordinates the implementation of the Agreement according to this Decision.
Who will establish the list of arbitrators?
The Ministry of Justice leads, in coordination with the Ministry of Trade, to compile a list of qualified arbitrators ready to participate in dispute resolution.
When does this Decision take effect?
This Decision takes effect from the date of issuance.
Full text
Pursuant to …;
Regarding the approval of the Agreement on the Dispute Settlement Mechanism under the Framework Agreement on Comprehensive Economic Cooperation between ASEAN and Korea
framework for the Comprehensive Economic Cooperation between ASEAN and Korea
_________________
PRIME MINISTER
Pursuant to the Law on Organization of the Government dated December 25, 2001;
Pursuant to the Law on Ratification, Accession and Implementation of International Treaties adopted by the National Assembly of the Socialist Republic of Vietnam at its 7th session of the 11th term on June 14, 2005;
Pursuant to the Framework Agreement on Comprehensive Economic Cooperation between ASEAN and Korea which has been approved by the President of the State on April 12, 2006;
Considering the proposal of the Minister of Trade in the report No. 2742/TTr-BTM dated May 8, 2006.
Pursuant to …;
Clause 4 of Article 6Approves the Agreement on the Dispute Settlement Mechanism under the Framework Agreement on Comprehensive Economic Cooperation between ASEAN and Korea.
Article 2. The Ministry of Foreign Affairs shall notify the date of approval of the Agreement to the ASEAN Secretariat and other signatory countries, and simultaneously make copies and publish the Agreement in accordance with regulations.
Article 3. The Ministry of Trade shall be the focal point for coordination and cooperation with relevant ministries and agencies to implement the Agreement.
Article 4. This Decision takes effect from the date of signature.
Article 5.The Ministry of Justice shall take the lead and coordinate with the Ministry of Trade to compile a list of arbitrators meeting the required qualifications to be ready to participate in dispute resolution and protect Vietnam's interests.
Relations map
Click a document to open. A red border = a relation that changes validity.
Translations
This document is available in the following languages: