Common use of Equivalence Clause in Contracts

Equivalence. 1. The Parties recognise that the principle of equivalence as set down in Article 4 of the SPS Agreement and Article 2 of the TBT Agreement, as applied to SPS measures and other agricultural and food standards, has mutual benefits for both exporting and importing countries.

Equivalence. 1. The Parties recognise that the principle of equivalence as set down in Article 4 of the SPS Agreement and Article 2 of the TBT Agreement, as applied to SPS measures and other agricultural and food standardsmeasures, has mutual benefits mutualbenefits for both exporting bothexporting and importing countries.. 2. The Parties shall follow the procedures for