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.

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.

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.

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.

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.

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.

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.

Balance of Payments. 1. A Nothing in this Chapter shall be construed to prevent a Party in serious balance of payments and external financial difficulties, or under imminent threat thereof, may, from adopting any measure for balance-of-payments purposes. A Party adopting such measure shall do so 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 and non- discriminatory, and may not go beyond what is necessary 1994 in Annex 1A to remedy the balance of payments situationWTO Agreement.