Foreign economic activity participants

Foreign economic activity participants – a legal entity or an individual registered as individual entrepreneurs engaged in foreign trade activities.

Classification of foreign economic activity participants There are the following participants of foreign

economic activity depending on their functions:

• International organizations (eg, the International Monetary Fund, World Bank, World Trade Organization, and others) to exercise some regulation of foreign economic activity may be involved in export-import operations;

• The state (represented by the legislative and executive power, the Parliament, the President, the Government, the Ministry of Commerce, the Central Bank and others) carry out normative regulation of foreign economic activity within the country in accordance with the authority, as well as intergovernmental and the interstate levels;

Central Bank-The organization in a nation that determines monetary policy, regulates the banking system , the engages in IER.

Parliament- ………. President-…………. Government-…………….. Ministry of Commerce-……………………

The government of a country is the group of people who are responsible for governing it.

The parliament of some countries for example Britain is the group of people who make or change its laws, and decide what policies the country should follow.

• Currency control agents (authorized banks and non-banks authorized professional participants of the securities market, including the holders of the registry (registrars), reporting to the federal executive body for the securities market, the customs authorities and tax authorities) execute control over observance by residents and non-legislative acts of exchange and acts of currency regulation;

• Exporters (natural or legal persons) are exporting;

• Importers (individuals or entities) to import;

•Intermediaries (individuals or entities, public authorities), assisting in the implementation of the export or import Implementation-выполнение

The procedure for registration as a participant of foreign economic activity Currently, registration of all persons engaged in the various foreign trade operations is not required.

However, persons exercising regularly export-import operations, it could be a registration procedure with the customs authorities and get discount card (record card), which then greatly facilitate customs clearance.

Registered participants of foreign trade, as the entity of FEA with Record card (Scorecard), and a contract provides significantly faster customs procedures.

LAW OF THE REPUBLIC OF TAJIKISTANOn Foreign Economic ActivityREPUBLIC OF TAJIKISTAN

(Law of RT as of 28.02.2004. N3,from 30.07.2007. № 315)

ABSTRACT

Adopted December 27, 1993 RT Law "On Foreign Economic Activity of the RT" consists of

four chapters and 20 articles.

The law establishes the general provisions of such activities in the Republic, and determines the order of the state regulation of foreign trade activities in Tajikistan. The law guarantees the rights and the responsibility of stakeholders, as well as the procedure for dispute resolution.

• The republic of Tajikistan as a entity of foreign economic relations carries out : - the legislative regulation of economic activity in an foreign economic sphere;- development and realization of foreign economic politics, by a currency-credit, quota and licensing procedures, and also other foreign economic operations;

- conclusion and execution of intergovernmental agreements and international agreements in area of foreign economic and foreign trade activity;- defense of economic interests of Republic of Tajikistan, legal and physical persons of Republic of Tajikistan;

- establishment of legal guarantees for activity of foreign investors on territory of republic;

- a representative office in international economic organizations and associations; - other authorities from a constitution and other legislative acts of Republic of Tajikistan.

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Objects of foreign economic activity

Foreign economic objects in the Republic of Tajikistan are the resources of all kinds created across all industries and sectors of the economy, including labor, goods and services, securities, scientific and technical production, investment, intellectual and other assets, except for those facilities that do not use in foreign trade legislation of the Republic of Tajikistan.

The subjects of foreign economic activity

The subjects of foreign economic activity in the Republic of Tajikistan may be individuals or legal entities, irrespective of ownership, including foreign and international organizations operating in the Republic or elsewhere after the state registration as a legal entity under the laws of the Republic of Tajikistan (LRT from 28.02.2004g.N3)

Rights of foreign economic activity

The subjects of foreign economic activity, regardless of forms of ownership and foreign trade have the right to implement it.

The exporter under the applicable laws of the Republic of Tajikistan may independently determine the type, shape and direction of participation in foreign economic relations, to attract on your own in the prescribed manner on a contractual or other retribution or gratuitous of legal entities and individuals, which are necessary for foreign trade activities.

The exporter has the right to own, use and dispose of the results of foreign operations, including income in foreign currency, in accordance with the laws of the Republic of Tajikistan.

According to the decision the subject of the right of possession, use and disposal of the foreign economic activity may be transferred or entrusted to other legal entities and individuals in the manner prescribed by law.

Relationship of the parties in the following transfer shall be governed by them on the basis of contracts (agreements).

-The conclusion and execution of intergovernmental agreements and international treaties in the field of foreign trade and foreign trade;

For IWSChart of functioning custom broker in FEA. Organization of transactions with a custom broker and custom ferryman.

Construction of chart of functioning of intermediary of foreign economic activity.

Exposure of functions of intermediary of FEA.

Independent drafting of transaction with intermediary, custom brokers and ferrymen.