Common use of Balance of Payments Clause in Contracts

Balance of Payments. A Tripartite Member/Partner State facing severe balance of payments and external financial difficulties, and that has taken all reasonable steps to overcome the difficulties, may adopt appropriate measures in accordance with guidelines to be determined by the Tripartite Council of Ministers, provided that such measures shall be reviewed annually.

Balance of Payments. A Tripartite Member/Partner Member State facing severe balance of payments and external financial difficulties, and that has taken all reasonable steps to overcome the difficulties, may adopt appropriate measures on goods originating from the other Tripartite Member States, in accordance with guidelines to be determined by the Tripartite Council of Ministers, provided that such measures shall be reviewed annuallyCouncil.