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Memorandum of Understanding for KRMUN 2019 ( Allotment : United States )



Memorandum of Understanding
Between the United States of America
&
All Signed Parties

This document constitutes an understanding between the United States through the USTR ( United States Trade Representative ), with ( “Agreed Party ”)to facilitate the development of protectionist policies through Tariffs, Non-Tariffs and Quotas.
1. Objective
The objective of this MOU is to express the willingness of both parties to engage in an effort to promote the protectionist policy of the Agreed Party as well as it’s activities to develop and expand relationships with trade administration counterparts of the United States  . 

Specific activities under this MOU will be identified through consultation between the two parties. 
The United States agrees to provide technical and economical assistance to abet the Agreed Party to carry out activities that will improve or expand the non-existing or pre-existing trade policies to enrich protectionism for national interest. As a preliminary activity, the USTR will conduct a strategic planning exercise with the Agreed Party to review their underlying policies. The results of this exercise will assist the Agreed Party with the implementation of its operations and will help identify areas where the Agreed Party might require counsel. After finalizing the strategic planning session, technical and financial support agreements for specific activities will be developed through a participatory process. These agreements will be detailed in subsequent Addendums to this MOU.
The Agreed Party  agrees to work with and coordinate with the United States Trade Representative the development of their initiatives to improve protectionist policies and deploy the required trade barriers with the nations they transact with. They also agree to allow the USTR to carry out monitoring and evaluation activities to assess the impact of these activities on participating producers of goods and services in the land of the Agreed Party. 



2. General Terms of  the MOU 
2.1 Duration of the MOU: This MOU shall be operational upon signing and will have an initial duration of 2 years. All activities conducted before this date within the vision of the joint collaboration will be deemed to fall under this MOU.
2.2 Coordination: In order to carry out and fulfill the aims of this agreement, each party will appoint an appropriate personnel to represent its organization and to coordinate the implementation of activities. The USTR and the Agreed Party staff will meet regularly (preferably with two days’ notice) to discuss progress and plan activities. 
2.3 Technical and Financial Support: Addendums to this MOU will be developed for specific technical and financial support activities. These Addendums will provide a detailed description of the role, responsibility, and financial contribution of each party. Work plans and reporting requirements will be clearly outlined in the Addendums.
2.4 Confidentiality: Each party agrees that it shall not, at any time, after executing the activities of this MOU, disclose any information in relation to these activities or the affairs of business or method of carrying on the business of the other without consent of both parties.
2.5 Termination of the MOU: The partnership covered by this MOU shall terminate upon completion of the agreed upon period. The agreement may also be terminated with a written one month notice from either side. In the event of non-compliance or breach by one of the parties of the obligations binding upon it, the other party may terminate the agreement with immediate effect. .
2.6 Addendum: Any Addendum to this MOU shall be in writing and signed by both parties.
 2.7 Insurance: It is the responsibility of the Agreed Party to insure themselves against any economic setbacks. The USTR will not bear any responsibility for costs of trade issues, economic accidents or any other liability.


3. Other Provisions of this MOU
3.1 The Agreed Party shall immediately inform the USTR of any event, which could have a negative influence on or endanger the successful accomplishment of the tasks described in the agreement. 
3.2 The Agreed Party shall not use the name of the United States Trade Representative in any promotional literature or information without the prior written approval of the USTR.
3.3 The USTR shall pay the costs of its staff and any fees associated with the participation of its staff (e.g., transportation, communications, lodging, etc.) in the support of this activity, unless transportation can be provided by the Agreed Party. 


3.4  The Agreed Party is reminded that U.S. Executive Orders and U.S law prohibits transactions with, and the provision of resources and support to, individuals and organizations associated with terrorism. It is the legal responsibility of the Agreed Party to ensure compliance with these Executive Orders and Laws. 
3.5 This agreement will be administered in accordance with prevailing standard provisions for the USTR and also including those contained in the Article 12 of the Havana Charter, “International Investment for Economic Development and Reconstruction ” and within the terms of the General Agreement on Trade and Tariffs ( GATT ) and the General Agreement of Trade and Services ( GATS ) along with Standard provisions applicable to non-US, non-governmental recipients.



The terms and provisions in this MOU also apply to any subsequent Addendum to this agreement. IN WITNESS WHEREOF, the parties hereto have executed this MOU on the 25th day of July, 2019. [ Signature of 1 delegate is sufficient but only on mutual consent]

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