On the other hand, some local industries benefit. They are finding new markets for their duty-free products. These industries are growing and employing more labour. These compromises are the subject of endless debate among economists. 1. Where the Arbitration Tribunal established under Article 18 finds that the measure of the party concerned is not in accordance with the final report of the arbitration panel under Article 17, the contracting party concerned, at the request of the applicant, immediately enters into negotiations with the applicant with a view to obtaining compensation or a solution acceptable to both parties. If, within fifteen (15) days after the applicant`s request to open negotiations, no compensation or solution has been found, the applicant may suspend the application of benefits of equivalent effect to the recipient party. 2. The suspension of benefits is lengthy until the responding party applies the decision of the final report of the Court of Arbitration or until the parties reach an agreement on the dispute satisfactory to both parties. 3. In reviewing benefits to be suspended in accordance with paragraph 1, the complainant may attempt to suspend benefits in the sector or sectors concerned by the measure deemed incompatible by the Court of Arbitration with the obligations set out in this agreement.
4. On the written request of the contracting party concerned, the original Court of Arbitration determines whether the amount of benefits proposed by the applicant does not correspond to the equivalent effects covered in paragraph 1. If the Court of Arbitration is not established with its original members, the section 13 procedures apply. 5. The Arbitration Tribunal presents its provision within 60 days of the application in paragraph 4. The panel`s decision is final and binding. It is notified to the parties and made available to the public. 6. Any suspension of benefits is limited to benefits due to the other party under this agreement. There are three different types of trade agreements.
The first is a unilateral trade agreement[3] if one country wants certain restrictions to be enforced, but no other country wants them to be imposed. It also allows countries to reduce the amount of trade restrictions. It is also something that is not common and could affect a country. 1. The contracting parties agree to conclude this agreement for the purposes of the free movement of goods between their countries by removing or reducing tariffs in accordance with Schedules A and B of this agreement. 2. At the request of one of the contracting parties, the parties consult with improvements in the treatment covered in their flight plans in Schedules A and B of this agreement or to include new products in these annexes.