Common use of Most-favoured Clause in Contracts

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

Most-favoured. nation treatment 1. With respect to any measures measure affecting commercial presence cross-border supply of services covered by this Chapter:, (a) the EC Party shall accord to commercial presences services and investors services suppliers of the Signatory CARIFORUM States a treatment no less favourable than the most favourable treatment applicable to like commercial presences services and investors services suppliers 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 services and investors services suppliers of the EC Party a treatment no less favourable than the most favourable treatment applicable to like commercial presences services and investors services suppliers 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 services and investors services suppliers 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 1.111.15 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