Supplementary Agreement Sample

CONSIDERING, Brunei Darussalam has since signed the basic agreement on ASEAN industrial joint ventures (BAAIJV) and the additional agreement to BAAIJV; and CONSIDERING that the governments of the Republic of Indonesia, Malaysia, the Republic of the Philippines, the Republic of Singapore and the Kingdom of Thailand signed the ASEAN Industrial Joint Venture Agreement (BAAIJV) on 7 November 1983; and CONSIDERING that the parties intend to make certain changes to the agreement. CONSIDERING that Article V, paragraph 3, provides that treaty changes can be made to the agreement; and (2) that the additional agreement will enter into force on the date it obtains the agreement of the contracting parties. DONE in Singapore in English – this sixteenth June 1987. IN WITNESS WHEREOF, the signatories, duly authorized by their respective governments, signed this complementary agreement. (1) At least fifty per cent (50%) The preferential margins preferred to Article 1, paragraph 7, and Article III, paragraph 1, of the agreement are amended to at least 75% (75%) Tariff preferences. In the amended version of Article I, paragraph 7, and Article III, paragraph 1, of the agreement, “7. Approval of the final list by the MEA involves prior commitment, at least 75% (75%) to prolong. Tariff preferences for AIJV products covered by Article III, paragraphs 1 and 6, of AIJV products.” ” (1) When an application to manufacture an AIJV product has been approved by a participating country and has been properly informed, all participating countries extend a minimum margin of preference of 75% (75%) AIJV product within 90 days of commercial production.”