Common Contracts
1 similar Economic Agreement contracts
The 2002 Economic AgreementEconomic Agreement • January 20th, 2022
The signature of a new Economic Agreement, by virtue of the 2002/12 Law, 23rd May, implemented remarkable changes in the agreed system. Perhaps the most striking one from all of them is the abolishment of the traditional temporal validity clause, being, as a result, the approved legal text of permanent validity or duration. However, this is not the only and most outstanding feature of the 2002 Agreement but the fact that the exclusive competences of the Spanish State, which are vested in the import duties and import levies included under Excise Duties and Value Added Tax and in the High inspection of the Economic Agreement, have been remarkably diminished.
