Common use of National and Most-favoured-nation Treatment Clause in Contracts

National and Most-favoured-nation Treatment. 1. Each Contracting Party shall accord in its territory to investments or returns of investors of the other Contracting Party, to treatment not less favourable than that which it accords to investments or returns of its own investors or to investments or returns of investors of any third Party whichever is most favourable. 2. Each Contracting Party shall accord in its territory to investors of the other Contracting Party, as regards management, maintenance, use, enjoyment or disposal of their investments, treatment not less favourable than that which it accords to its own investors or to investors of any third Party whichever is most favourable. 3. The provisions 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 resulting from any existing or future free trade area, customs union, common market or similar international agreement, including other forms of regional economic cooperation, to which either of the Contracting Parties is or may become a party.