Common use of MFN Exceptions Clause in Contracts

MFN Exceptions. 1. Articles III(1)(a), IV(1)(a) and IV(2)(a) shall not apply to treatment by a Contracting Party pursuant to any existing or future bilateral or multilateral agreement: (a) establishing, strengthening or expanding a free trade area or customs union; (b) negotiated within the framework of the GATT (including in particular the General Agreement on Trade in Services (GATS)), the World Trade Organization, or any successor organization), and containing obligations and rights relating to trade in services; or (c) relating to: (i) aviation; (ii) telecommunications transport networks and telecommunications transport services; (iii) fisheries; (iv) maritime matters, including maritime and maritime-related services and salvage; or (v) financial services. 2. Article III(1)(a) does not apply in respect of financial services. 3. For the purposes of this Agreement, the term "financial service" means a service of a financial nature, including insurance, and a service incidental or auxiliary to a service of a financial nature;