Common use of Investment treatment Clause in Contracts

Investment treatment. 1. Each Contracting Party shall recognize investments in the territory of its State in accordance with its legislation and this Agreement. 2. Each Contracting Party shall provide to investments of the State of the other Contracting Party, in respect of the management, maintenance, use, operation, expansion, enjoyment, sale, liquidation or abandonment, of treatment as favourable as that accorded to investments of its own investors or those of third parties. state, whichever is more favourable. 3. Each Contracting Party shall, within the framework of its national legislation, provide special attention to the application for entry and stay of nationals wishing to enter the territory of the State of the other Contracting Party, in connection with the investment and its maintenance. 4. The provisions of this Article shall not be construed as obliging a Contracting Party to grant to investors of the other Contracting Party any advantage in treatment, preferences or privileges granted by the first Contracting Party to investors from a third State within the framework of: a) any agreement on membership of an economic union, a customs union, a free trade area, a monetary union or a similar international agreement establishing such unions or other forms of regional cooperation, or b) any international agreement or arrangement relating in whole or in part to taxation. 5. Paragraph 2 of this Article shall not apply to the provisions of this Agreement governing the settlement of disputes between investors and the host country or any other international agreement to which a Contracting Party is a party. 6. The provisions of Art. 3 and 4 of this Agreement shall not oblige a Contracting Party to grant the same treatment to investors of the State of the other Contracting Party with regard to the acquisition of land, real estate and real rights thereto.