Common use of FINANCIAL PROVISIONS RELATING TO TRADE IN PRODUCTS AND SERVICES Clause in Contracts

FINANCIAL PROVISIONS RELATING TO TRADE IN PRODUCTS AND SERVICES. 1. Unless otherwise agreed between the parties to individual transactions, all commercial transactions between nationals and companies of the Parties shall be made in United States dollars or any other currency that may be designated from time to time by the International Monetary Fund as being a freely usable currency. 2. Neither Party shall restrict the transfer from its territory of convertible currencies or deposits, or instruments representative thereof, obtained in connection with trade in products and services by nationals and companies of the other Party. 3. Nationals and companies of a Party holding currency of the other Party received in an authorized manner may deposit such currency in financial institutions located in the territory of the other Party and may maintain and use such currency for local expenses. 4. Without derogation from paragraphs 2 or 3 of this Article, in connection with trade in products and services, each Party shall grant to nationals and companies of the other Party the better of most-favored-nation or national treatment with respect to: (a) opening and maintaining accounts, in both local and foreign currency, and having access to funds deposited, in financial institutions located in the territory of the Party; (b) payments, remittances and transfers of convertible currencies, or financial instruments representative thereof, between the territories of the two Parties, as well as between the territory of that Party and that of any third country; (c) rates of exchange and related matters, including access to freely usable currencies, such as through currency auctions; and (d) the receipt and use of local currency and its use for local expense.

FINANCIAL PROVISIONS RELATING TO TRADE IN PRODUCTS AND SERVICES. 1. Unless otherwise agreed between the parties to individual transactions, all commercial transactions between nationals and companies of the Parties shall be made in United States dollars or any other currency that may be designated from time to time by the International Monetary Fund as being a freely usable currency. 2. Neither Party shall restrict the transfer from its territory of convertible currencies or deposits, or instruments representative thereof, obtained in connection with trade in products and services by nationals and companies of the other Party. 3. Nationals and companies of a Party holding currency of the other Party received in an authorized manner may deposit such currency in financial institutions located in the territory of the other Party and may maintain and use such currency for local expenses. 4. Without derogation from paragraphs 2 or 3 of this Article, in connection with trade in products and services, each Party shall grant to nationals and companies of the other Party the better of most-favored-nation or national treatment with respect to: (a) opening and maintaining accounts, in both local and foreign currency, and having access to funds deposited, in financial institutions located in the territory of the Party; (b) payments, remittances and transfers of convertible currencies, or financial instruments representative thereof, between the territories of the two Parties, as well as between the territory of that Party and that of any third country; (c) rates of exchange and related matters, including access to freely usable currencies, such as through currency auctions; and (d) the receipt and use of local currency and its use for local expense.. ARTICLE IX

FINANCIAL PROVISIONS RELATING TO TRADE IN PRODUCTS AND SERVICES. 1. Unless otherwise agreed between the parties to individual transactions, all commercial transactions between nationals nationals,companies and companies organizations of the Parties shall be made in United States dollars or any other currency that may be designated from time to time by the International Monetary Fund as being a freely usable currency. 2. Neither Party shall restrict the transfer export from its territory of convertible currencies or deposits, or instruments representative thereof, obtained in connection with trade in products and services by nationals nationals, companies and companies organizations of the other Party. 3. Nationals Nationals, companies and companies organizations of a Party holding currency of the other Party received in an authorized manner may deposit such currency in financial institutions located in the territory of the other Party and may maintain and use such currency for local expenses. 4. Without derogation from paragraphs 2 or 3 of this Article, in connection with trade in products and services, each Party shall grant to nationals nationals, companies and companies organizations of the other Party the better of most-favored-nation or national treatment with respect to: (a) opening and maintaining accounts, in both local and foreign currency, and having access to funds deposited, in financial institutions located in the territory of the Party; (b) payments, remittances and transfers of convertible currencies, or financial instruments representative thereof, between the territories of the two Parties, as well as between the territory of that Party and that of any third country; (c) rates of exchange and related matters, including access to freely usable currencies, such as through currency auctions; and (d) the receipt and use of local currency and its use for local expense.currency. ARTICLE IX