Common use of Environment Clause in Contracts

Environment. 1. Recognising that each Contracting Party has the right to establish its own levels of environmental protection and determine its policies and priorities in relation to the environment and development; and to adopt or modify accordingly Ad hoc its laws, each Contracting Party shall endeavour to ensure that its legislation will ensure a high level of environmental protection and shall strive to improve those laws. 2. The Contracting Parties recognise that it is inappropriate to ease the domestic legislation in the field of environment in order to encourage investment. in this regard, each contracting party will ensure that it is not granted exemption or derogation from any other way to such legislation, nor be offered opportunities for exemption or derogation to promote the establishment, maintenance or expansion of an investment in its territory. 3. The Contracting Parties reaffirm their commitments under international agreements in the field of environment. they shall ensure that such commitments are fully recognized and applied in accordance with their national legislation. 4. The Parties recognise that enhanced mutual cooperation provides opportunities to improve environmental standards. at the request of either party the other Party shall accept that representatives of their Governments shall meet for consultations on any matter falling within the scope of this article.

Appears in 35 contracts

Samples: Investment Protection Agreement, Investment Protection Agreement, Investment Protection Agreement

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Environment. 1. Recognising that each Contracting Party has the right to establish its own levels of environmental protection and determine its policies and priorities in relation to and the matters of environment and development; development and to adopt or modify laws accordingly Ad hoc its lawsad hoc, each Contracting Party shall endeavour to ensure that its legislation will ensure a high level of environmental protection and shall strive make every effort to constantly improve those lawsthat legislation. 2. The Contracting Parties recognise that it is inappropriate to ease the domestic legislation in the field of environment in order to encourage investment. in In this regard, each contracting party Contracting Party will ensure that it is not granted exemption or derogation from any other way to such legislation, nor be offered opportunities for exemption or derogation to promote the establishment, maintenance or expansion of an investment in its territory. 3. The Contracting Parties reaffirm their commitments under international agreements in the field of environment. they They shall ensure that such commitments are fully recognized and applied in accordance with their national legislation. 4. The Parties recognise that enhanced mutual cooperation provides opportunities to improve environmental standards. at At the request of either party one of the other Party shall accept Parties, the parties agree that the representatives of their Governments shall meet for consultations on any matter matiére falling within the scope of this articleArticle.

Appears in 1 contract

Samples: Investment Protection Agreement

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