Most-favoured nation provisions
1. Investments made by investors of either Contracting Party in the territory of the other Contracting Party and/or returns accrued, shall receive treatment which is fair and equitable, and not less favourable than that accorded to any third State.
2. Each Contracting Party shall not in its territory subjects investors of the other Contracting Party, as regard their management, use, enjoyment or disposal of investment, as well as to any activity connected with these investments, to treatment less favourable than that which it accords to investors of any third State.
3. The provision of this Agreement relative to the granting of treatment not less favourable than that accorded to the investors of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors of the other the benefit of any treatment, preference or privilege resulting from:
(a) Any existing or future customs union or free trade area or a common market or a monetary union or similar international agreement or other forms or regional cooperation to which either of the Contracting Parties is or may become a party; or the adoption of an agreement designed to lead to the formation or extension of such a union or area within a reasonable length of time; or
(b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation.
Most-favoured nation (mfn)
Most-favoured nation (mfn) treatment after establishment and exceptions to mfn
1. Each Contracting Party shall accord to investments, or returns of investors of the other Contracting Party, treatment no less favourable than that which it accords to investments or returns of investors in its own territory or to investments or returns of investors of any third State, except otherwise provided for in its legislation.
2. Each Contracting Party shall accord to investors of the other Contracting Party, as regards their management, maintenance, use, enjoyment or disposal of their investments or returns, treatment no less favourable than that which it accords its own investors or investors of any third State.
3. The treatments in paragraphs 1 and 2 of this Article shall not extend to privileges which either Contracting Party accords to investors of third States by virtue of membership in, or pursuant to any bilateral or multilateral agreement in force or signed prior to the date or after the date of entry into force of this Agreement.
Most-favoured nation (mfn) Treatment after Establishment and Exceptions to Mfn
(1) Each Contracting Party shall grant to investments, or returns of investors of the other Contracting Party, treatment no less favourable than that which, in like circumstances, it grants to investments or returns of investors of any third State.
(2) Each Contracting Party shall grant investors of the other Contracting Party, as regards their management, use, enjoyment or disposal of their investments or returns, treatment no less favourable than that which, in like circumstances, it grants to investors of any third State.
(3) Subparagraph (3)(b) of Article II and paragraphs (1) and (2) of this Article do 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 or its successor organization and liberalizing trade in services; orGATT or its successor organization and liberalizing trade in services; or
(c) Relating to:
(i) Aviation;
(ii) Telecommunications transport networks and telecommunications transport services;
(iii) Fisheries;
(iv) Maritime matters, including salvage; or
(v) Financial services.
Most-favoured nation provisions
1. Investments made by investors of either Contracting Party in the territory of the other Contracting Party shall receive treatment which is fair and equitable, and not less favourable than that accorded to investments made by investors of any third State.
2. Each Contracting Party shall in its territory accord to investors of the other Contracting Party, as regards management, maintenance, use, enjoyment or disposal of their investment, treatment which is fair and equitable and net less favourable than that which it accords to investors of any third State.
3. The provision of this Agreement relative to the granting of treatment not less favourable than that accorded to the investors of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors of the other the benefit of any treatment, preference or privilege resulting from:
(a) any existing or future customs union or free trade area or a common market or a monetary union or similar international agreement or other forms of regional cooperation to which either of the Contracting Parties is or may become a party; or the adoption of an agreement designed to lead to the formation or extent!on of such a union or area within a reasonable length of time; or
(b) any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation.
Most-favoured. Nation Treatment 1. Each Party shall accord to investors of the other Party and to covered investments, with respect to the operation of the covered investments, treatment no less favourable than the treatment it accords, in like situations, to investors of a third country and their investments. 2. Paragraph 1 does not apply to the following sectors: (a) communication services, except for postal services and telecommunication services; (b) recreational, cultural and sporting services; 1 For the purposes of this subparagraph, the Parties understand that if a Party has provided for a reasonable phase-in period for the implementation of a measure or if that Party has made any other attempt to address the effects of
Most-favoured nation Treatment 7
1. Each Party shall accord to investors of the other Party treatment no less favorable than that it accords, in like circumstances, to investors of any non-Party with respect to the management, conduct, operation, and sale or other disposition of investments in its territory.
2. Each Party shall accord to investments of investors of the other Party treatment no less favorable than that it accords, in like circumstances, to investments in its territory of investors of any non-Party with respect to the management, conduct, operation, and sale or other disposition of investments.
Most-favoured. Nation Provisions
1. Investments made by investors of either Contracting Party in the territory of the other Contracting Party shall receive treatment which is fair and equitable, and not less favourable than that accorded to investments made by investors of any third State.
2. Investors of one Contracting Party whose investments in the territory of the other Contracting Party suffer losses owing to." war or other armed conflict, revolution, a state of national emergency, revolt, insurrection or fiat in the territory of the latter Contracting Party shall be accorded by the' latter Contracting Party treatment, as regards restitution, indemnification, compensation or other settlement, no less favourable than that which the latter Contracting Party accords to investors of any third State.
3. The provisions of this Agreement relative to the granting, of treatment not less favourable than that accorded, to the investors of any third State shall not be construed so as to oblige one Contracting Party to extend 'to the investors of the other the benefit of any treatment, preference or privilege resulting from:
(a) any existing or future customs union or free trade area or a common market or a monetary union or similar international agreement or other forms of regional cooperation to which either of the Contracting Parties is or may become a party; or the adoption of an agreement designed to lead to the formation or extension of such a union or area within a reasonable length of time; or
(b) any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation. .
Most-favoured nation treatment
Most-favoured nation treatment
1. With respect to any measures affecting commercial presence covered by this Chapter:
(a) the EC Party shall accord to commercial presences and investors of the Signatory CARIFORUM States a treatment no less favourable than the most favourable treatment applicable to like commercial presences and investors of any third country with whom it concludes an economic integration agreement after the signature of this Agreement;
(b) the Signatory CARIFORUM States shall accord to the commercial presences and investors of the EC Party a treatment no less favourable than the most favourable treatment applicable to like commercial presences and investors of any major trading economy with whom they conclude an economic integration agreement after the signature of this Agreement.
2. When a Party or a Signatory CARIFORUM State concludes a regional economic integration agreement creating an internal market or requiring the parties thereto to significantly approximate their legislation with a view to removing non- discriminatory obstacles to commercial presence and to trade in services, the treatment that such Party or Signatory CARIFORUM State grants to commercial presences and investors of third countries in sectors subject to the internal market or to the significant approximation of legislation is not covered by the provision of paragraph 1.11
3. The obligations set out in paragraph 1 of this Article shall not apply to treatment granted:
(a) under measures providing for recognition of qualifications, licences or prudential measures in accordance with Article VII of the GATS or its Annex on Financial Services,
(b) under any international agreement or arrangement relating wholly or mainly to taxation, or
(c) under measures benefiting from the coverage of an MFN exemption listed in accordance with Article II.2
