Business Subsidies. 1. Parties shall not directly or indirectly provide business subsidies that: (a) provide an advantage to an enterprise that results in material injury to a competing enterprise of another Party; (b) entice or assist the relocation of an enterprise from another Party; or (c) otherwise distort investment decisions unless such subsidy is to offset a subsidy being offered by a non-Party or to an entity not subject to this Article. 2. Parties shall jointly encourage non-Parties to eliminate subsidies to business and refrain from bidding wars.
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Samples: New West Partnership Trade Agreement, New West Partnership Agreement
Business Subsidies.
1. Parties shall not directly or indirectly provide business subsidies that:
(a) provide an advantage to an enterprise that results in material injury to a competing enterprise of another Party;
(b) entice or assist the relocation of an enterprise from another Party; or
(c) otherwise distort investment decisions unless such subsidy is to offset a subsidy being offered by a non-Party or to an entity not subject to this Article.
2. Parties shall jointly encourage non-Parties to eliminate subsidies to business and refrain from bidding wars.
Appears in 1 contract
Samples: New West Partnership Agreement
Business Subsidies.
1. Parties shall not directly or indirectly provide business subsidies that:
(a) provide an advantage to an enterprise that results in material injury to a competing enterprise of another Party;
(b) entice or assist the relocation of an enterprise from another Party; or
(c) otherwise distort investment decisions unless such subsidy is to offset a subsidy being offered by a non-non Party or to an entity not subject to this Article.
2. Parties shall jointly encourage non-Parties to eliminate subsidies to business and refrain from bidding wars.
Appears in 1 contract
Samples: New West Partnership Trade Agreement
Business Subsidies.
1. Parties shall not directly or indirectly provide business subsidies that:
(a) provide an advantage to an enterprise that results in material injury to a competing enterprise of another the other Party;
(b) entice or assist the relocation of an enterprise from another the other Party; or
(c) otherwise distort investment decisions unless such subsidy is to offset a subsidy being offered by a non-Party or to an a government entity not subject to this Article.
2. Parties shall jointly encourage non-Parties to eliminate subsidies to business and refrain from bidding wars.
Appears in 1 contract
