Common use of Cross-border Trade Clause in Contracts

Cross-border Trade. 1. Each Party shall permit, under terms and conditions that accord national treatment, cross-border financial service suppliers of the other Party to supply the services specified in Annex 12B. 2. Each Party shall permit persons located in its territory, and its nationals wherever located, to purchase financial services from cross-border financial service suppliers of the other Party located in the territory of the other Party. This obligation does not require a Party to permit such suppliers to do business or solicit in its territory. Each Party may define "doing business" and "solicitation" for purposes of this obligation, provided that those definitions are not inconsistent with paragraph 1. 3. Without prejudice to other means of prudential regulation of cross-border trade in financial services, a Party may require the registration of cross-border financial service suppliers of the other Party and of financial instruments.

Appears in 1 contract

Samples: Free Trade Agreement

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Cross-border Trade. 1. Each Party shall permit, under terms and conditions that accord national treatment, cross-border financial service suppliers of the other Party to supply the services specified in Annex 12B. 11-A. 2. Each Party shall permit persons located in its territory, and its nationals wherever located, to purchase financial services from cross-border financial service suppliers of the other Party located in the territory of the other Party. This obligation does not require a Party to permit such suppliers to do business or solicit in its territory. Each Party may define "doing business" and "solicitation" for purposes of this obligation, provided that those definitions are not inconsistent with paragraph 1. 3. Without prejudice to other means of prudential regulation of cross-border trade in financial services, a Party may require the registration of cross-border financial service suppliers of the other Party and of financial instruments.

Appears in 1 contract

Samples: Free Trade Agreement

Cross-border Trade. 1. Each Party shall permit, under on terms and conditions that accord national treatment, cross-border financial service suppliers of the other Party to supply the services specified in Annex 12B. 11.7. 2. Each Party shall permit persons a person located in its territory, and its nationals wherever located, to purchase financial services from cross-border financial service suppliers of the other Party located in the territory of the other Party. This obligation does not require oblige a Party to permit allow such cross-border financial service suppliers to do business or solicit advertise in its territory. Each Party may define "doing business" business and "solicitation" advertising for the purposes of this obligation, provided that those such definitions are not inconsistent with paragraph 1. 3. Without prejudice to other means of prudential regulation of cross-border trade in financial services, a Party may require the registration or authorization of cross-border financial service suppliers of the other Party and of financial instruments.

Appears in 1 contract

Samples: Free Trade Agreement

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Cross-border Trade. 1. Each Party shall permit, under on terms and conditions that accord national treatment, cross-border financial service suppliers of the other Party to supply the services specified in Annex 12B. 14.6. 2. Each Party shall permit persons a person located in its territory, and its nationals wherever located, to purchase financial services from cross-border financial service suppliers of the other Party located in the territory of the other Party. This obligation does not require oblige a Party to permit allow such suppliers to do business or solicit advertise in its territory. Each Party may define "doing business" and "solicitationadvertising" for the purposes of this obligation, Article provided that those such definitions are not inconsistent with the obligations in paragraph 1. 3. Without prejudice to other means of prudential regulation of cross-border trade in financial services, a Party may require the registration or authorization of cross-cross- border financial service suppliers of the other Party and of financial instruments.

Appears in 1 contract

Samples: Free Trade Agreement

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