Treaties Of Friendship, Commerce And Navigation

Treaties of Friendship, Commerce and Navigation in Global Commerce Policy

In this regard, a definition of this issue is as follows: usually known as FCN treaties. The entries on trade policy are here. It is a bilateral treaty form favoured in the past by the United States and some European countries. The entries on trade policy are here. It sets out the terms under which bilateral trade and shipping are conducted, and it describes the rights of persons from one state conducting business in the other state or establishing a commercial presence there, including ownership of property. Main subjects covered by FCN treaties usually are rights of entry for business and residence, protection of individuals and companies, practice of professions, acquisition of property, patents, taxes, remittance of earnings and capital, trade measures, expropriation and nationalization, etc. The entries on trade policy are here. Earlier versions of FCN treaties also contained consular and customs provisions. FCN treaties are considered by some as a form of preferential trade arrangements. The entries on trade policy in the Encyclopedia are here. One of the earliest FCN treaties was that concluded between the United States and France in 1778. The FCN treaty form has now been replaced in the United States by bilateral investment treaties.[1]

Treaties of Friendship, Commerce and Navigationin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Treaties of Friendship, Commerce and Navigation” entry (OAS)

See Also