Common use of Balance of Payments Clause in Contracts

Balance of Payments. 1. A Party in serious balance of payments difficulties, or under imminent threat thereof, may, in accordance with the conditions established under the GATT 1994 and the WTO Understanding on the Balance of Payments Provisions of the General Agreement on Tariffs and Trade 1994, adopt trade restrictive measures, which shall be of limited duration and non- discriminatory, and may not go beyond what is necessary to remedy the balance of payments situation. 2. The Party introducing a measure under this Article shall promptly notify the Joint Committee.

Balance of Payments. 1. A In the case of trade in goods, a Party in serious balance of payments difficulties, or under imminent threat thereof, may, in accordance with the conditions established under the GATT 1994 and the WTO Understanding on the Balance of Balance-of-Payments Provisions of the General Agreement on Tariffs and Trade 1994, adopt trade restrictive measures, which shall be of limited duration import measures in order to safeguard its external financial position and non- discriminatory, and may not go beyond what is necessary to remedy the its balance of payments situationpayments. 2. The Party introducing a measure adopting any restrictions under this Article shall promptly notify initiate consultations with the Joint Committeeother Party to review the restrictions adopted by it.

Balance of Payments. 1. A Party in serious balance of payments difficulties, or under imminent threat thereof, may, in accordance with the conditions established under the GATT 1994 and the WTO Understanding on the Balance of Payments Provisions of the General Agreement on Tariffs and Trade 1994, adopt trade restrictive measures, which shall be of limited duration and non- non-discriminatory, and may not go beyond what is necessary to remedy the balance of payments situation. 2. The Party introducing a measure under this Article shall promptly notify the Joint Committee.

Balance of Payments. 1. A Party in serious balance of payments difficulties, or under imminent threat thereof, may, in accordance with the conditions established under the GATT 1994 1994, in particular Articles XI, XV and XVIII section B, and the WTO Understanding on the Balance of Payments Provisions of the General Agreement on Tariffs and Trade GATT 1994, adopt or maintain trade restrictive measures, which shall be of limited duration and non- discriminatory, and may not go beyond what is necessary to remedy the balance of payments situation. 2. The A Party introducing a measure under adopting or maintaining measures according to this Article shall promptly notify the Joint CommitteeCommittee thereof.

Balance of Payments. 1. A Party in serious balance of payments difficulties, or under imminent threat thereof, may, in accordance with the conditions established under the GATT 1994 and the WTO Understanding on the Balance of Payments Provisions of the General Agreement on Tariffs and Trade GATT 1994, adopt trade restrictive measures, which shall be of limited duration and non- non-discriminatory, and may not go beyond what is necessary to remedy the balance of payments situation. 2. The A Party introducing a measure under this Article shall promptly notify the Joint Committee.

Balance of Payments. 1. A Party in serious balance of payments difficulties, or under imminent threat thereof, may, in accordance with the conditions established under the GATT 1994 and the WTO Understanding on the Balance of Payments Provisions of the General Agreement on Tariffs and Trade 1994, adopt trade restrictive measures, which shall be of limited duration and non- discriminatory, and may not go beyond what is necessary to remedy the balance of payments situation. 2. The Party introducing a measure under this Article shall promptly notify the Joint Committeeother Parties thereof.

Balance of Payments. 1. A Party Party, in serious balance of payments difficulties, or under imminent threat thereof, may, in accordance with the conditions established under the GATT 1994 and the WTO Understanding on the Balance of Payments Provisions of the General Agreement on Tariffs and Trade 1994, adopt trade restrictive measures, which shall be of limited duration and non- non-discriminatory, and may not go beyond what is necessary to remedy the balance of payments situation. 2. The Party introducing a measure under this Article shall promptly notify the Joint Committee.

Balance of Payments. 1. A In the case of trade in goods, a Party in serious balance of payments difficulties, or under imminent threat thereof, may, in accordance with the conditions established under the GATT 1994 and the WTO Understanding on the Balance of Balance-of- Payments Provisions of the General Agreement on Tariffs and Trade 1994, adopt trade restrictive measures, which shall be of limited duration import measures in order to safeguard its external financial position and non- discriminatory, and may not go beyond what is necessary to remedy the its balance of payments situationpayments. 2. The Party introducing a measure adopting any restrictions under this Article shall promptly notify initiate consultations with the Joint Committeeother Party to review the restrictions adopted by it.

Balance of Payments. 1. A Party in serious balance of payments difficulties, or under imminent threat thereof, may, in accordance with the conditions established under the GATT 1994 1994, in particular Articles XII, XV and XVIII section B, and the WTO Understanding on the Balance of Payments Provisions of the General Agreement on Tariffs and Trade GATT 1994, adopt or maintain trade restrictive measures, which shall be of limited duration and non- discriminatory, and may not go beyond what is necessary to remedy the balance of payments situation. 2. The A Party introducing a measure under adopting or maintaining measures according to this Article shall promptly notify the Joint CommitteeCommittee thereof.