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CE/PAC/en 1 INTERIM AGREEMENT WITH A VIEW TO AN ... - WITS

CE/PAC/en 1 INTERIM AGREEMENT WITH A VIEW TO AN ... - WITS

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2. To achieve this objective, the Parties undertake to conclude negotiations by 1 January 2009on a series of issues related to the following:(a)liberalisation of flows of funds relating to trade in products and services, known as "curr<strong>en</strong>tpaym<strong>en</strong>ts";(b)liberalisation of flows of funds relating to" investm<strong>en</strong>ts", known as "movem<strong>en</strong>ts of capitalrelating to investm<strong>en</strong>ts", including repatriation of investm<strong>en</strong>ts and profits;(c)a safeguard clause, granting a short-term derogation from freedom of capital movem<strong>en</strong>t, ongrounds of serious difficulties as regards monetary situation or balance of paym<strong>en</strong>ts;(d)a developm<strong>en</strong>t clause, providing for the liberalisation of other types of capital movem<strong>en</strong>ts notrelated to investm<strong>en</strong>t.<strong>CE</strong>/<strong>PAC</strong>/<strong>en</strong> 60

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