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

National Treatment and Most Favored Nation Treatment. Each Contracting Party shall apply on its territory and in its maritime area to the nationals and companies of the other Party, with respect to their investments and activities related to the investments, a treatment not less favorable than that granted to its nationals or companies, or the treatment granted to the nationals or companies of the most favored nation, if the latter is more favorable. In this respect, nationals authorized to work on the territory and in the maritime area of one Contracting Party shall enjoy the material facilities relevant to the exercise of their professional activities. This treatment shall not include the privileges granted by one Contracting Party to nationals or companies of a third party State by virtue of its participation or association in a free trade zone, customs union, common market or any other form of regional economic organization. The provisions of this article do not apply to tax matters.

National Treatment and Most Favored Nation Treatment. Each Contracting Party shall apply on its territory and in its maritime area to the nationals and companies investors of the other Party, with respect to their investments and activities related to the investments, a treatment not less favorable than that granted to its nationals or companiesinvestors, or the treatment granted to the nationals or companies investors of the most favored nation, if the latter is more favorable. In this respect, nationals authorized to work on the territory and in the maritime area of one Contracting Party shall enjoy the material facilities relevant to the exercise of their professional activities. This treatment shall not include the privileges granted by one Contracting Party to nationals or companies investors of a third party State by virtue of its participation or association in a free trade zone, customs union, common market or any other form of regional economic organization. The provisions of this article do not apply to tax matters.