National and Most Favored Nation Treatment. 1. Each Contracting Party shall at all times ensure fair and equitable treatment of the investments made by investors of the other Contracting Party as well as their full security and protection.
2. Neither Contracting Party shall by arbitrary or discriminatory measures impair the management, maintenance, use, enjoyment or disposal of investments made by investors of the other Contracting Party.
3. Each Contracting Party shall accord to the investments made by investors of the other Contracting Party treatment no less favorable than that accorded to the investments made by its own investors or investors of any third State, whichever is more favourable.
4. The provisions of this Agreement shall not be construed so as to oblige one Contracting Party to extend to the investors of the other Contracting Party the benefit of any treatment, preference or privilege accorded to the investors of any third State by virtue of:
a) Any existing or future customs union, common market, free trade area, other forms of regional economic cooperation or similar international arrangements to which either Contracting Party is or may become a party.
b) Any existing or future agreements relating to avoidance of double taxation or any other arrangement relating to taxation.
National and Most Favored Nation Treatment. (1) Each Contracting Party shall in its territory accord to investments and returns of investors of the other Contracting Party treatment which is fair and equitable and not less favourable than that which it accords to investments and returns of its own investors or to investments and returns of investors of any third State whichever is more favourable.
(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 not less favourable than that which it accords to its own investors or to investors of any third State, whichever is more favourable.
(3) The provisions of paragraph 1 and 2 of this Article 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 which may be extended by the former Contracting Party by virtue of:
(a) any customs union or free trade area or a monetary union or similar international agreements leading to such unions or institutions or other forms of regional cooperation to which either of the Contracting Parties is or may become a party, or any agreement with any country member of such regional cooperation;
(b) any international agreement or arrangement relating wholly or mainly to taxation.
National and Most Favored Nation Treatment. (1) Each Contracting Party shall provide, in accordance with its laws and within its territory, investments and returns of investors of the other Contracting Party full legal protection and fair treatment that is not less favorable than that provided to investments of its own nationals or investors of a third state.
(2) The provisions of Paragraph (1) of this Article shall not apply to the privileges and benefits that may be granted by a Contracting Party to investors of a third state under its membership in a customs or economic union, common market, free trade area, regional agreement, international economic or multilateral agreement, or under an international agreement, or a treaty for the avoidance of double taxation or to facilitate border trade.
National and Most Favored Nation Treatment. 1. Neither Contracting Party shall, in its territory, accord investments and returns of investors of the other Contracting Party treatment that is less favorable than that which it accords to investments and returns of its own investors, or investments and returns of investors of any third state, whichever is more favorable to the concerned investors.
2. Neither Party shall, in its territory, accord investors of the other Contracting Party as regards the acquisition, expansion, operation, management, maintenance, enjoyment, use, sale or disposal of their investments, treatment that is less favorable than that which it accords to its own investors or to investors of any third state, whichever is more favorable to the concerned investors.
3. Each Contracting Party shall accord to investors of the other Contracting Party and their investments and returns the best of the treatments required under Paragraphs (1) and (2) of this article, whichever is more favorable to the investors, their investments and returns.
4. Neither Contracting Party shall, in its territory, impose mandatory measures on investments of investors of the other Contracting Party as regards the purchase of materials, means of production, operation, transport, marketing of its products, or other similar requirements having unreasonable and discriminatory effects.
5. The provisions of Paragraphs (1) and (2) of this Article shall not be construed so as to oblige one Contracting Party to extend to the investors of the other Contracting Party the benefit of any treatment, preference or privilege which may be extended by the former Contracting Party by virtue of:
a. any customs, economic or monetary union, free trade area or similar international agreements, existing at present or to be established in the future, to which either Contracting Party is or may become a party in the future; or
b. any international agreement or arrangement, wholly or partially related to taxation.
National and Most Favored Nation Treatment. 1. In accordance with its laws and regulations, each Party shall accord to investments of the other Party in the former's territory, treatment no less favourable than that granted to investment of its own investors.
2. Each Party shall accord to investments and returns of the other Party in the former's territory, treatment no less favourable than that granted to investments of investors of any non-Party.
3. Each Party shall accord the treatment which is more favourable to the investment of the other Party, either national or most favored nation treatment.
4. Nothing in this Article shall be construed so as to oblige a Party to extend to investments of investors of the other Party advantages resulting from any existing or future association or participation in a free trade area, customs union, common market, economic and monetary union or any other similar institution of economic integration.
5. Nothing in this Article shall be construed so as to oblige a Party to extend to investments of investors of the other Party deductions, fiscal exemptions or any other similar advantages resulting from double taxation agreements or any other agreement regarding tax matters negotiated by one Party and any other non-Party.
National and Most Favored Nation Treatment. 1. In accordance with its laws and regulations, each Party shall accord to investments of the other Party in the former's territory, treatment no less favorable than that granted to investment of its own investors.
2. Each Party shall accord to investments and returns of the other Party in the former's territory, treatment no less favorable than that granted to investments of investors of any non-Party.
3. Each Party shall accord the treatment which is more favorable to the investment of the other Party, either national or most favored nation treatment.
4. Nothing in this Article shall be construed so as to oblige a Party to extend to investments of investors of the other Party advantages resulting from any existing or future association or participation in a free trade area, customs union, common market, economic and monetary union or any other similar institution of economic integration.
National and Most Favored Nation Treatment. With respect to the establishment, acquisition, expansion, management, operation, operation, sale or other disposition or transfer of covered investments, each Contracting Party shall accord treatment no less favorable than that which it accords, in like circumstances, to investments in its territory of its own nationals or companies (hereinafter "national treatment") or to investments in its territory of nationals or companies of third countries (hereinafter "most-favored-nation treatment"), whichever is more favorable (hereinafter "national and most-favored-nation treatment").
National and Most Favored Nation Treatment. 1. Each Contracting Party shall accord investments of investors of the other Contracting Party, and their returns, treatment that is not less favorable than that which it accords to investments of its own investors, or to investments of investors of any third state.
2. The provisions of the preceding article shall not be construed as to oblige one Contracting Party to extend to the investors of the other Contracting Party the benefit of any treatment, preference or privilege resulting from:
a. any customs or economic union, free trade area, union, regional or international economic organization, or another form of regional arrangement or similar international agreement, to which either Contracting Party is or may become a party in the future; or
b. any international, regional or bilateral agreement or any other arrangement, wholly or mainly related to taxation.
National and Most Favored Nation Treatment. 1. Each Contracting Party shall accord, in its territory and in accordance with its laws and policies, investment opportunities and returns on investments, to the other Contracting Party.
2. Each Contracting Party shall accord to investors of the other Contracting Party, in regard to the management, maintenance, use, enjoyment or disposal, in its territory, of investments a fair and equitable treatment which is no less favorable than that which it accords to its own investors or to investors of any third State.
3. For the avoidance of doubt, it is confirmed that the investments or returns of nationals or companies referred to in paragraphs (1) and (2) above are these governed by national legislation covering foreign investment and that the treatment provided for in paragraphs (1) and (2) above shall apply to the provisions of Articles 1 to 11 of this Agreement.
4. The provisions of paragraphs (1) and (2) of this Article shall not be construed so as to oblige one Contracting Party to extend to the nationals or companies of the other Contracting Party the benefits of any treatment, preference or privilege resulting from:
a) any custom union, free trade area, monetary union or any similar international Agreements leading to such unions or institutions or any other forms of regional cooperation to which either of the Contracting Pary is or may become a party.
b) any international agreement or arrangement relating wholly or mainly to taxation.
National and Most Favored Nation Treatment. (1) Admitted investments of investors of the State of one Contracting Party effected within the territory of the State of the other Contracting Party in accordance with the national laws and regulations of the latter, shall receive from this latter Contracting Party, legal protection and fair treatment not less favourable than that accorded to its own investors or to investors of any third State which are in a comparable situation, whichever is more favourable.
(2) The national treatment and most favoured nation treatment provisions of this Agreement shall not apply to all actual or future advantages accorded by either Contracting Party by virtue of its membership of, or association with, a custom, economic or monetary union, a common market or a free trade area, to investors of its own, of Member States of such union, common market or free trade area, or of any other third State. Nor shall such treatment relate to any advantage which either Contracting Party accords to investors of a third State by virtue of a double taxation agreement or other agreements on a reciprocal basis regarding tax matters.
