Common use of Balance of Payments Difficulties Clause in Contracts

Balance of Payments Difficulties. 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.

Balance of Payments Difficulties. 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 goodsgoods and in services and with regard to payments and capital movements, including those related to direct investment.

Balance of Payments Difficulties. Where a Party is in serious balance of payments and external financial difficulties, or under threat thereof, it may adopt take or maintain restrictive measures with regard to trade in goodsgoods and in services and with regard to payments and capital movements, including measures relating to direct investment.

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 goodsgoods and in services and with regard to payments and capital movements, including those related to direct investment. 2. The Parties shall endeavour to avoid the application of the restrictive measures referred to in paragraph 1.