Balance of Payments Difficulties. 1. The Parties shall endeavour to avoid the imposition of restrictive measures for balance of payments purposes.
Balance of Payments Difficulties. Where either Party is in a serious balance of payments difficulties or under threat thereof, the Party concerned may in accordance with the conditions laid down within the framework of WTO/GATT 1994 and with Articles VIII and XIV of the Articles of Agreement of International Monetary Fund, adopt restrictive measures, which shall be of limited duration and may not go beyond what is necessary to remedy the balance of payments situation. The Party concerned shall inform the other Party forthwith of their introduction and present to the other Party, as soon as possible, a time schedule of their removal.
Balance of Payments Difficulties. 1. Where a Party is in serious balance of payments and external financial difficulties, or under threat thereof, it may adopt or maintain restrictive measures with regard to trade in goods and in services and with regard to payments and capital movements, including those related to direct investment.
Balance of Payments Difficulties. 1. The Contracting Parties shall endeavour to avoid the imposition of restrictive measures including measures relating to imports for balance of payments difficulties.
Balance of Payments Difficulties. 1. The Parties shall endeavour wherever possible to avoid the imposition of restrictive measures, including measures relating to imports, for balance of payments purposes. A Party adopting such measures shall present as soon as possible to the other Party a timetable for their removal.
Balance of Payments Difficulties. 1. The States Parties to this Agreement shall endeavour to avoid the imposition of restrictive measures for balance of payments purposes.
Balance of Payments Difficulties. Where one of the Contracting Parties is in serious balance of payments difficulties, or under imminent threat thereof, the Party concerned may, in accordance with the conditions, established under the GATT 1994 and Article VIII of the Articles of Agreement of the International Monetary Fund, adopt restrictive measures, including measures related to imports, which shall be of limited duration and may not go beyond what is necessary to remedy the balance of payments situation. The measures shall be progressively relaxed as balance of payments conditions improve and they shall be eliminated when conditions no longer justify their maintenance. The Contracting Party concerned shall inform the other Party forthwith of their introduction and, whenever practicable, of a time schedule for their removal.
Balance of Payments Difficulties. When Turkey or Israel is in a serious balance of payment difficulty, or under threat thereof, Turkey or Israel, as the case may be, may in accordance with the conditions laid down within the framework of GATT and with Article VIII of the Articles of Agreement of the International Monetary Fund, adopt restrictive measures, which shall be of limited duration and may not go beyond what is necessary to remedy the balance of payments situation. Turkey or Israel, as the case may be, shall inform the other Party forthwith and present to the other Party, as soon as possible, a time schedule of their removal.
Balance of Payments Difficulties. 1. The rights and obligations of the Parties with regard to restrictions to safeguard the balance of payments shall be governed by Article XII of the GATT 1994, which is hereby incorporated into and made part of this Agreement.
Balance of Payments Difficulties. Where an EFTA State or Serbia is in serious balance of payments difficulties, or under threat thereof, the EFTA State concerned or Serbia, respectively, may, in conformity with the conditions laid down within the framework of the GATT and in Articles VIII and XIV of the Statutes of the International Monetary Fund, take restrictive measures with regard to current payments if such measures are strictly necessary. The EFTA State concerned or Serbia, as the case may be, shall inform the other Parties immediately of such measures and shall provide as soon as possible a timetable for their removal.
