MARKET SUPPORT. 1. In order to ensure the success of the Project, the Philippines and the Parties agree that offtaking of products shall be arranged in accordance with the ASEAN Preferential Trading Arrangements among ASEAN member states. 2. The Philippines and the Parties hereto agree that the Project shall be given first priority in supplying the Philippine market, and the available ASEAN markets for rods, bars and sections, tubes, plates and sheets. For this purpose, "available ASEAN markets" shall mean the markets of Indonesia, Malaysia, Singapore and Thailand, net of their domestic production. 3. Subject to the provisions of the preceding paragraph, the Philippines and the Parties agree that at the appropriate time each year, the host country shall invite ASEAN member states to state their annual requirements of rods, bars and sections, tubes, plates and sheets from which the minimum offtake by the ASEAN member states shall be computed and agreed upon. 4. The Philippines guarantees to absorb the difference between the 80,000 tons (100,000 tons less 20,000 tons for non-ASEAN markets) and the available ASEAN markets having due regard to the technical constraints which may be experienced by the project plant. The Parties hereto are not obliged to absorb any unsold part of the 20,000 tons intended for the non-ASEAN markets.
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Samples: Supplementary Agreement, Supplementary Agreement, Supplementary Agreement
MARKET SUPPORT. 1. In order to ensure the success of the Project, the Philippines and the Parties agree that offtaking of products shall be arranged in accordance with the ASEAN Preferential Trading Arrangements among ASEAN member states.
2. The Philippines and the Parties hereto agree that the Project shall be given first priority in supplying the Philippine market, and the available ASEAN markets for rods, bars and sections, tubes, plates and sheets. For this purpose, "available ASEAN markets" shall mean the markets of Indonesia, Malaysia, Singapore and Thailand, net of their domestic production.
3. Subject to the provisions of the preceding paragraph, the Philippines and the Parties agree that at the appropriate time each year, the host country shall invite ASEAN member states to state their annual requirements of rods, bars and sections, tubes, plates and sheets from which the minimum offtake by the ASEAN member states shall be computed and agreed upon.
4. The Philippines guarantees to absorb the difference between the 80,000 tons (100,000 tons less 20,000 tons for non-ASEAN markets) and the available ASEAN markets having due regard to the technical constraints which may be experienced by the project plant. The Parties hereto are not obliged to absorb any unsold part of the 20,000 tons intended for the non-ASEAN markets.
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