Common use of Measures to Safeguard the Balance of Payments Clause in Contracts

Measures to Safeguard the Balance of Payments. Where a Party is in serious balance of payments and external financial difficulties or threat thereof, it may, in accordance with the GATT 1994 and the Understanding on the Balance-of-Payments Provisions of the GATT 1994, adopt restrictive import measures.

Appears in 11 contracts

Samples: Free Trade Agreement, Free Trade Agreement, Free Trade Agreement

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Measures to Safeguard the Balance of Payments. Where a Party is in serious balance of payments and external financial difficulties or threat thereof, it may, in accordance with the GATT 1994 and 1994, which includes the Understanding on the Balance-of-Payments Provisions of the GATT 1994, adopt restrictive import measures. In adopting such measures, the Party shall immediately consult with the other Parties.

Appears in 9 contracts

Samples: Trade Agreement, Trade Agreement, Trade Agreement

Measures to Safeguard the Balance of Payments. Where a Party is in serious balance of payments and external financial difficulties or threat thereof, it the Party may, in accordance inaccordance with the GATT 1994 and the Understanding on the BalancetheBalance-of-Payments Provisions of the GATT 1994General Agreement onTariffs and Trade 1994 in Annex 1A to the WTO Agreement, adopt restrictive adoptrestrictive import measures.

Appears in 7 contracts

Samples: Economic Partnership Agreement, Economic Partnership Agreement, Economic Partnership Agreement

Measures to Safeguard the Balance of Payments. Where a any Party is in a serious balance of payments and external financial difficulties difficulties, or under threat thereof, it may, in accordance with Article XII of the GATT 1994 and the Understanding on the Balance-of-Payments Provisions of the GATT 1994, adopt restrictive import measures. Such restrictive measures shall be consistent with the Articles of Agreement of the International Monetary Fund.

Appears in 3 contracts

Samples: Free Trade Agreement, Free Trade Agreement, Trade Agreement

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Measures to Safeguard the Balance of Payments. Where a Party is in serious balance of payments and external financial difficulties or threat thereof, it may, in accordance with the GATT 1994 and the Understanding on the Balance-of-of- Payments Provisions of the GATT 1994, adopt restrictive import measures.

Appears in 2 contracts

Samples: Free Trade Agreement, Free Trade Agreement

Measures to Safeguard the Balance of Payments. Where a Party is in serious balance of payments and external financial difficulties or threat thereof, it may, in accordance with the GATT 1994 and the Understanding on the Balance-of-Payments Provisions of the GATT 1994, adopt restrictive import measures.

Appears in 1 contract

Samples: Trade Agreement

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