Common use of Exceptions Clause in Contracts

Exceptions. The provisions of this Agreement relating to the grant of not less favourable treatment than that accorded to investors of either Contracting Party or of any third State shall not be construed as to oblige one contracting party to extend to investors of the other the treatment of any benefit or privilege, preference resulting from: (a) Any existing or future customs union or common market, free trade area to cualescualesquiera of the contracting parties or may become a party; or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating relative to the grant of treatment not less favourable treatment favorable than that accorded to the investors of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to the investors of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future customs union or common market, free trade area to cualescualesquiera of the contracting parties or may become a party; or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to investors the nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors the nationals or companies of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future customs union or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to investors the nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors the nationals or companies of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future customs union or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; , or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating relative to the grant granting of treatment not less favourable treatment than that accorded to the investors of either each Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to the investors of the other Contracting Party the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any membership of any existing or future Regional Economic Integration Organisation or customs union or common market, free trade area to cualescualesquiera of which one of the contracting parties Contracting Parties is or may become a party; , or (b) Any any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating relative to the grant granting of treatment not less favourable treatment than that accorded to the investors of either each Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to the investors of the other Contracting Party the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any Membership of any existing or future Regional Economic Integration Organisation or customs union or common market, free trade area to cualescualesquiera of which one of the contracting parties Contracting Parties is or may become a party; , or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to investors the nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors the nationals or companies of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any any existing or future customs union or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; or (b) Any any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to investors the Nationals or Companies of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors the Nationals or Companies of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future customs union or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating relative to the grant granting of treatment not less favourable treatment than that accorded to the investors of either each Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to the investors of the other Contracting Party the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any Membership of any existing or future Regional Economic Integration Organisation or customs union or common market, free trade area to cualescualesquiera of which one of the contracting parties Contracting Parties is or may become a party; , or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to investors the nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors the nationals or companies of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any any existing or future customs union or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; , or (b) Any any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to investors the nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors the nationals or companies of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future customs union or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; , or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to the investors of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to the investors of the other Contracting Party the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future customs union union, regional economic organisations, or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; , or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions provision of this Agreement relating to the grant of treatment not less favourable treatment favorable than that accorded to the investors of either Contracting Party or of any third State state shall not be construed so as to oblige one contracting party Contracting Party to extend to the investors of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting fromfrom any international agreement or arrangement relating to: (a) Any existing or future customs union or common marketunion, regional economic organisation, free trade area agreement, or similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; , or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions Provisions of this Agreement relating relative to the grant granting of treatment not less favourable treatment than that accorded to the investors of either each Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to the investors of the other Contracting Party the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any membership of any existing or future Regional Economic Integration Organisation or customs union or common market, free trade area to cualescualesquiera o! which one of the contracting parties Contracting Parties B or may become a party; , or (b) Any any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating relative to the grant of not treatment no less favourable treatment than that accorded to investors the nationals or companies of either Contracting Party or of any third Third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors the nationals or companies of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future customs union or common market, free trade area area, common market or any other form of regional economic organization to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; , or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of in this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to the investors of either Contracting Party or to investors of any third other State shall not be construed so as to oblige one contracting party Contracting Party to extend to the investors of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future from any agreement establishing a free trade territory, a customs union or a common market, free trade area to cualescualesquiera of the contracting parties market or may become a party; or (b) Any any international agreement or arrangement relating wholly or mainly to cuestionestributariastaxation. Nor, or any while both Contracting Parties recognize the obligation to grant treatment in accordance with Article 3 (1) of this Agreement, shall either Contracting Party be obliged to apply such provisions in relation to domestic legislation relating related wholly or mainly to taxation.

Exceptions. The provisions of in this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to investors the nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors the nationals or companies of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future customs union or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; , or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating relative to the grant granting of treatment not less favourable treatment than that accorded to the investors of either each Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to the investors of the other Contracting Party the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any Membership of any existing or future regional economic integration organisation, customs union or common market, free trade area to cualescualesquiera of which one of the contracting parties Contracting Parties is or may become a party; , or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of in this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to the investors of either Contracting Party or to investors of any third other State shall not be construed so as to oblige one contracting party Contracting Party to extend to the investors of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future from any agreement establishing a free trade area, a customs union or a common market, free trade area to cualescualesquiera of the contracting parties market or may become a party; or (b) Any any international agreement or arrangement relating wholly or mainly to cuestionestributariastaxation. Nor, or any while both Contracting Parties recognize the obligation to grant treatment in accordance with Article 3(1) of this Agreement, shall either Contracting Party be obliged to apply such provisions in relation to domestic legislation relating related wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating to the grant of treatment not less favourable treatment than that accorded to the investors of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to the investors of the other Contracting Party the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any any existing or future customs union or common marketunion, free trade area or regional cooperation organisation or similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; or (b) Any any international agreement or arrangement relating wholly or mainly to cuestionestributariasarrangement, or any domestic legislation legislation, relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating relative to the grant granting of treatment not less favourable treatment than that accorded to the investors of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to the investors of the other Contracting Party the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any any existing or future customs union union, regional economic organisations, or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; , or (b) Any any international agreement or en arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to the investors of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to the investors of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future customs union or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; , or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating to regarding the grant provision of not treatment no less favourable treatment favorable than that accorded to investors of either the Contracting Party Parties themselves or to investors of any third State shall States should not be construed so as to oblige one contracting party Contracting Party to extend to investors of the other Contracting Party the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any any existing or future customs union or union, common market, free trade area zone, economic union or other forms of regional economic cooperation, or any agreement, which aims to cualescualesquiera of create in the contracting parties or may become future a party; regional structure, or (b) Any any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to investors the nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors the nationals or companies of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future customs union or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; or (b) Any any international agreement or arrangement relating wholly or mainly to cuestionestributarias, to. taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating relative to the grant of not less favourable treatment than that accorded to investors of either Contracting Party or of any third State favorable treatment, as provided for in Articles 3 and 4, shall not be construed so as to oblige one contracting party Contracting Party to extend to investors the nationals or companies of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future customs union union, common market or common market, free trade area zone or similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of in this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to the investors of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to the investors of the other Contracting Party the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any any existing or future customs union union, organisation for mutual economic assistance, regional economic organisation, or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Party is or may become a party; , or (b) Any any international agreement or arrangement relating wholly or mainly to cuestionestributarias, or any domestic legislation relating relation wholly or mainly to taxation.

Exceptions. The provisions of in this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to the investors of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to the investors of the other Contracting Party the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future customs union union, regional economic organisation, or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; , or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of in this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to investors the nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors the nationals or companies of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future customs union or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating to regarding the grant provision of not treatment no less favourable treatment favorable than that accorded to the investors of either themselves Contracting Party or investors of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors of the other Contracting Party the treatment benefit of any benefit or privilegetreatment, preference resulting fromor privilege arising any of: (a) Any existing or possible future customs union or common market, a free trade area to cualescualesquiera agreement, or an agreement on common export tariffs or other forms of the contracting parties or may become a party; orregional cooperation, which can join any Contracting Party; (b) Any an international agreement treaty or arrangement relating wholly or mainly to cuestionestributarias, or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to investors the nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors the nationals or companies of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) a. Any existing or future customs union or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; , or (b) b. Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any existing domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of in this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to investors the nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors the nationals or companies of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future customs union or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating relative to the grant granting of not treatment no less favourable treatment than that accorded to the investors of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to the investors of the other Contracting Party the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any a. any existing or future customs union or common marketunion, free trade area area, common external tariff area, monetary union, cross border trade arrangement. similar international agreement or other form of similar regional cooperation to cualescualesquiera which either of the contracting parties or may become a Contracting Parties is party; or (b) Any b. any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of in this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to the investors of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to the investors of the other Contracting Party the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future customs union union, organisation for mutual economic assistance or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; , or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to investors the nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors the nationals or companies of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any any existing or future customs union or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Party is or may become a party; or (b) Any any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to investors the nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors the nationals or companies of the other other, the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future customs union or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; , or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating to regarding the grant provision of not treatment no less favourable treatment favorable than that accorded to the investors of either themselves Contracting Party or investors of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors of the other Contracting Party the treatment benefit of any benefit or privilegetreatment, preference resulting fromor privilege arising of: (a) Any any existing or possible future free trade agreement, a customs or economic union or common market, free trade area a similar regional organization to cualescualesquiera of the contracting parties which is or may become a party; orin the future one of the Contracting Parties; (b) Any any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxationon these issues.

Exceptions. The provisions of this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to the investors of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to the investors of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing exisiting or future customs or economic union or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; Party, or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributariasarrangement, or any domestic legislation legislation, relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating to the grant of treatment not less favourable treatment than that accorded to the investors of either Contracting Party State or of any third State shall not be construed so as to oblige one contracting party Contracting State to extend to the investors of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future customs union union, regional economic organization or common market, free trade area similar international Agreement to cualescualesquiera which either of the contracting parties Contracting States is or may become a party; , or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of in this Agreement relating relative to the grant of not treatment no less favourable treatment than that accorded to the investors of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to the investors of the other Contracting Party the treatment benefit of any benefit or privilegetreatment, preference or privilige resulting from: (a) Any existing or future customs union union, organisation for mutual economic assistance or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; , or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating relative to the grant granting of treatment not less favourable treatment than that accorded to the investors of either each Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to the investors of the other Contracting Party the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any Membership of any existing or future regional economic integration organisation or customs union or common market, free trade area to cualescualesquiera of which one of the contracting parties Contracting Parties is or may become a party; , or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, or any domestic legislation relating matter pertaining wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating to the grant of not less favourable treatment than that accorded to investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors nationals or companies of the other the treatment of any benefit or privilege, preference resulting from: (a) Any customs union or similar to existing or future customs union international agreement which is or common market, free trade area to cualescualesquiera becomes a party any of the contracting parties or may become a partyContracting Parties; or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to investors the nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors the nationals or companies of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future customs union union, common market or common market, free trade area cross-border or regional functional co-operation agreement or similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; , or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to investors the nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors the nationals or companies of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future customs union or common market, free trade area similiar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; , or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating relative to the grant granting of not treatment no less favourable treatment than that accorded to the investors of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to the investors of the other Contracting Party the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) a. Any existing or future customs union or common marketunion, free trade area area, common external tariff area, monetary union, cross border trade arrangement, similar international agreement or other form of similar regional cooperation to cualescualesquiera which either of the contracting parties or may become a Contracting Parties is party; or (b) b. Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating to the grant of not less favourable treatment than that accorded to investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party to extend to investors nationals or companies of the other Contracting Party the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future customs union or common market, free trade area to cualescualesquiera or similar international agreement or any existing in the future, which is or becomes a party of the any contracting parties or may become a partyparties; or (b) Any international agreement agreement, arrangement or arrangement relating wholly or mainly to cuestionestributarias, or any domestic legislation relating wholly or mainly partially to taxation.

Exceptions. The provisions of in this Agreement relating relative to the grant of treatment not less favourable treatment favorable than that accorded to investors the nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors the nationals or companies of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future customs union or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; , or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. 1. The provisions of this Agreement relating to regarding the grant provision of not treatment no less favourable treatment favorable than that accorded to its own investors of either Contracting Party or investors of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors of the other Contracting Party the treatment benefit of any benefit treatment, preference or privilege, preference resulting arising from: (a) Any any existing or possible future free trade agreement, a customs or economic union or common market, free trade area a similar regional organization to cualescualesquiera of the contracting parties which is or may become a party; in the future one of the Contracting Parties, or (b) Any any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxationon these issues.

Exceptions. The provisions of this Agreement relating to the grant of not less favourable treatment than that accorded to investors of either any Contracting Party or of any third State shall not be construed as to oblige one contracting party to extend to investors of the other Contracting Party the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future customs union or common market, free trade area to cualescualesquiera of the which either contracting parties laparte is or may become a party; or (b) Any international agreement or arrangement relating or wholly or mainly to cuestionestributarias, or oprincipalmente any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to investors the nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors Mite the nationals or companies of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from:from - (a) Any any existing or future customs union or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; , or (b) Any any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of in this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to investors the nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors the nationals or companies of the other Party the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future customs union or common market, free trade area similar international Agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; , or (b) Any international agreement Agreement or arrangement Arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions provision of this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to investors the nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors the nationals or companies of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future customs union or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; , or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of in this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to investors the nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors the nationals or companies of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: from (a) Any any existing or future customs union or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; or , or (b) Any any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to the investors of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to the investors of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing any exisiting or future customs or economic union or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; Party, or (b) Any any international agreement or arrangement relating wholly or mainly to cuestionestributariasarrangement, or any domestic legislation legislation, relating wholly or mainly to taxation.

Exceptions. The provisions of in this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to investors the nationals or companies of either Contracting Party or of any third State shall not be construed SO as to oblige one contracting party Contracting Party to extend to investors the nationals or companies of the other Party the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting fromfrom : (a) Any any existing or future customs union or common market, free trade area similar international Agreement to cualescualesquiera which either of the contracting parties Contracting- Parties is or may become a party; , or (b) Any any international agreement Agreement or arrangement Arrangement relating wholly or mainly to cuestionestributarias, or any domestic legislation relating wholly or mainly to taxation.. wholly or mainly to taxation or any domestic

Exceptions. The provisions of in this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to investors the nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors the nationals or companies of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future customs union or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; , or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to the investors of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to the investors of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future customs union or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of in this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to investors the nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors the nationals or companies of the other the treatment benefit of any benefit or privilegetreatment, preference of privilege resulting from: (a) Any existing or future customs union or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; , or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to the investors of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to the investors of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any any existing or future customs union or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; or (b) Any any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to investors the nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors the nationals Or companies of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future customs union or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; , or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating relative to the grant granting of treatment not less favourable treatment than that accorded to the investors of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to the investors of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any any existing or future customs union or common market, agreement regarding the formation of a free trade area or other forms of regional economic co-operation to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; , or (b) Any any international agreement or arrangement relating wholly or mainly to cuestionestributarias, or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of in this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to investors the nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors the nationals or companies of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any any existing or future customs union or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; , or (b) Any any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of in this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to investors the nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors the nationals or companies of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any from any existing or future customs union or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; or (b) Any , or any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relating in relation to the grant granting of treatment not less favourable treatment than that accorded to the investors of either each Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to the investors of the other Contracting Party the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any membership of any existing or future regional economic integration organisation or customs union or common market, free trade area to cualescualesquiera of which one of the contracting parties Contracting Parties is or may become a party; , or (b) Any any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of in this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to investors the nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors the nationals or companies of the other the treatment benefit of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future customs union or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; , or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.

Exceptions. The provisions of in this Agreement relating relative to the grant of treatment not less favourable treatment than that accorded to investors the nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one contracting party Contracting Party to extend to investors the nationals or companies of the other the treatment benefits of any benefit or privilegetreatment, preference or privilege resulting from: (a) Any existing or future customs union or common market, free trade area similar international agreement to cualescualesquiera which either of the contracting parties Contracting Parties is or may become a party; or (b) Any international agreement or arrangement relating wholly or mainly to cuestionestributarias, taxation or any domestic legislation relating wholly or mainly to taxation.