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Any reductions will almost certainly wait until after workers vote on the tentative agreement, a process expected to take place over the next few weeks.
Under the euro zone's tortuous procedures, however, all 17 European Union countries that use the euro must approve the agreement, a process that has revealed ever more fissures, layers of decision-making and political complexity that add up to a worrisome inability to react quickly and decisively to upheaval in fast-moving financial markets.
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The party manifesto says that the FTAA, as currently being discussed, is not a free-trade agreement but a process of "economic annexation" of Latin America by the United States.
A senior Iranian official said his government felt it had to break the confrontational relationship over its nuclear program that had developed with foreign countries, adding that the agreement opened a process that would lead to more cooperation with Europe.
As The Economist went to press, a sense of compromise was in the air.The protocol's chief instrument is supposed to be "Advance Informed Agreement" (AIA), a process that gives an importing country the right to assess the potential impacts of a GMO before it agrees to admit it.
"The Uber board and its shareholders, as well as the SoftBank Group side, have come to a basic agreement on a process for the SoftBank Group to make a future investment in Uber.
The agreement envisaged a process of national reconciliation that may not have happened so readily, but at least a return to bloodshed has been avoided in the interim and importantly, the path is now cleared for the south of Sudan to vote on secession.
The argument for doing this is that it keeps Congress from "meddling" with the secretly negotiated agreement -- a process otherwise known as "democracy" and "transparency".
In 1961, then-General Counsel of the International Bank for Reconstruction and Development (IBRD) Aron Broches developed the idea for a multilateral agreement on a process for resolving individual investment disputes on a case by case basis as opposed to imposing outcomes based on standards.
The main idea behind the framework is that while consensus on distributive principles is not to be expected, what should be aimed at is agreement on a process that produces decisions which are perceived as being legitimate and fair by the stakeholders [ 13].
Last week's agreement has started a process that will enable them to do so.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com