Common use of ENCOURAGEMENT AND PROMOTION OF INVESTMENTS Clause in Contracts

ENCOURAGEMENT AND PROMOTION OF INVESTMENTS. 1. Each Party undertakes to provide an maintain a favorable environment for investments in this territory by nationals and companies of the other Party and shall, in applying its laws, regulations, administrative practices and procedures, permit such investments to be established and acquired on terms and conditions that accord treatment no less than that accorded in like situations to investments of nationals or companies of any third country, whichever is more favorable.

ENCOURAGEMENT AND PROMOTION OF INVESTMENTS. 1. Each Party undertakes to provide an and maintain a favorable environment for investments in this its territory by nationals and companies of the other Party and shall, in applying its laws, regulations, administrative practices and procedures, permit such investments to be established and acquired on terms and conditions that accord treatment no less favorable than that accorded in like situations the treatment it accords to investments of its own nationals or companies or to nationals and companies of any third country, whichever is more the most favorable.