Foreign Exchange Control Order. Copyright Roderick Seeman

Article 20 (Consultation and Consent of Related Ministers)

1. In those situations where the Minister of Finance is going to determine time terms or methods based on the provisions of Article 7, Paragraph 1, when the time terms or methods which are to be decided are matters which are related to acts or transactions which are directly related to the export or import of goods by parties who are exporting or importing goods or are matters related to transactions which are concerned with the buying and selling of goods in accord with the movement of goods between foreign nations, he must consult in advance with the Minister of International Trade & Industry.

2. The Minister of International Trade & Industry, for those situations listed in the following, must receive the agreement of the Minister of Finance in advance. Provided, however, that for those situations listed in Items 2 through 4, this shall be limited to those situations where the payment, etc., in accordance with the transaction or act related to the said license or approval is based on a special settlement method:

(1) Situations where a license is to be given based on the provisions of Article 17 of the Law;

(2) Situations where a license is to be given based on the provisions of Article 25, Paragraph 1 or 2 of the Law;

(3) Situations where a license is to be given based on the provisions of Article 6, Paragraph 2 or Article 15, Paragraph 2;

(4) Situations where approval is to be given, based on the provisions of the Orders listed in Article 7, Paragraph 2, Item 3 or 4;

(5) Situations where a designation is to be given on payments, etc., based on the provisions of the latter part of Article 7, Paragraph 2;

(6) Situations where a confirmation is to be given, based on the provisions of Article 1, Paragraph 7 of the Export Trade Control Order or Article 4, Paragraph 4 of the Import Trade Control Order.