Common use of National and Most Favored Nation Treatment Clause in Contracts

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 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 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 any existing or future agreements relating to avoidance of double taxation or any other arrangement relating to taxation.