National Treatment and Most-favoured-nation Treatment. (1) Each Contracting Party shall accord to investments of investors of the other Contracting Party, treatment which shall not be less favourable than that accorded either to investments of its own or investments of investors of any third State.
(2) In addition, each Contracting Party shall accord to investors of the other Contracting Party, including in respect of returns on their investments, treatment which shall not be less favourable than that accorded to investors of any third State.
(3) The provisions of paragraphs (1) and (2) above 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 resulting from:
(a) Any existing or future free trade area, customs unions, monetary union or similar international agreement or other forms of regional cooperation to which one of the Contracting Parties is or may become a party, or
(b) Any matter pertaining wholly or mainly to taxation.
National Treatment and Most-favoured-nation Treatment. (1) Each Contracting Party shall accord to investments of investors of the other Contracting Party, treatment which shall not be less favourable than that accorded either to investments of its own investors or investments of investors of any third State.
(2) In addition, each Contracting Party shall accord to investors of the other Contracting Party, including in respect of returns on their investments, treatment which shall not be less favourable than that accorded to investors of any third State.
(3) The provisions of paragraphs (I) and (2) above 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 resulting from: (a) Any existing or future customs union or similar international agreement to which it is or may become a party, or
National Treatment and Most-favoured-nation Treatment. 1. Neither Contracting Party shall accord in its territory to investments and returns of investors of the other Contracting Party a treatment less favourable than that which it accords to investments and returns of its own investors, or investments and returns of investors of any other third State, whichever is more favourable to the investors concerned.
2. Neither Contracting Party shall accord in its territory to the investors of the other Contracting Party, as regards management, maintenance, enjoyment, use or disposal of their investment, a treatment which is less favourable than that which it accords to its own investors or to investors of any third State, whichever is more favourable to the investors
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 Contracting Party the benefit of any treatment, preference or privilege which may be extended by the former Contracting Party by virtue of:
a) any existing or future customs union or economic union, free trade area or similar international agreement,
b) any international agreement or arrangement, completely or partially related to taxation, to which either of the Contracting Party is or may become a Party in the future.
National Treatment and Most-favoured-nation Treatment. 1. Each Contracting Party shall in its territory accord to investments and returns of investors of the other Contracting Party treatment which in any case shall not be 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 to the investors of the other Contracting Party.
2. Neither Contracting Party shall in its territory subject investors of the other Contracting Party, as regards their expansion, management, maintenance, use, enjoyment or disposal of their investments, to treatment less favourable than that which it accords to its own investors or to investors of any third State, whichever is more favourable to the investors of the other Contracting Party.
3. The provisions of paragraphs 1 and 2 of this Article shall not be construed so as to oblige one Contracting Party to extend to investors of the other Contracting Party the benefit of any treatment, preference or privilege resulting from:
a) The membership of or association with any existing or future free trade area, customs union, economic union, common market, or similar international agreement to which the Contracting Party is or may become a party;
b) Agreements on avoidance of double taxation or any other arrangements relating wholly or mainly to taxation issues.
National Treatment and Most-favoured-nation Treatment. Each Contracting Party shall accord to investments of investors of the other Contracting Party, treatment which shall not be less favourable than that accorded either to investments of its own investors or investments of investors of any third State.
National Treatment and Most-favoured-nation Treatment. 1. Without prejudice to its laws and regulations, each Contracting Party shall accord to investments, returns and activities associated with such investments by investors of the other Contracting Party treatment not less favourable than that accorded to the investments, returns and associated activities of its own investors.
2. Without prejudice to its laws and regulations, each Contracting Party shall accord to investments, returns and activities associated with such investments by investors of the other Contracting Party treatment not less favorable than that accorded to the investments, returns and associated activities of investors of any third State.
3. The investor concerned has the right to choose between the treatment mentioned in paragraphs 1 or 2 of this Article whichever is more favourable.paragraphs 1 or 2 of this Article whichever is more favourable.
4. 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 Contracting Party the benefit of any treatment, preference or privilege, which may be extended by the former Contracting party by virtue 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 Contracting Party the benefit of any treatment, preference or privilege, which may be extended by the former Contracting party by virtue of:
a. Any existing or future customs union or economic union, free trade area or similar international agreements to which either of the Contracting party is or may become a party in the future;
b. Any international agreement or arrangement, completely or partially related to taxation.
National Treatment and Most-favoured-nation Treatment. (1) Each Contracting Party shall accord to investments of investors of the other Contracting Party national treatment or most-favoured-nation treatment, whichever is more favourable to the investor concerned.
(2) In addition, each Contracting Party shall accord to investors of the other Contracting Party, including in respect of returns on their investments most-favoured-nation treatment.
(3) The provisions of paragraphs (1) and (2) above 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 resulting from:
(a) Any existing or future customs union, a free trade zone, a common market or similar international agreement to which it is or may become a party, or
(b) Any matter pertaining wholly or mainly to taxation.
National Treatment and Most-favoured-nation Treatment. 1. Each Contracting Party shall accord, in its territory, to investments of the other Contracting Party treatment no less favourable than that which it accords to the investments made by its own investors or by investors of any third State, whichever is more favourable.
2. Each Contracting Party shall accord, in its territory, to investors of the other Contracting Party, as regards their management, maintenance, use, enjoyment or disposal of their investments, treatment no 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 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 that the first Contracting Party may grant to investors of any third State resulting from its membership in:
a) Customs union, free trade area, monetary union or similar international agreement establishing such unions or other forms of regional cooperation to which either of the Contracting Parties is or may become a party, or resulting from
b) Any existing or future international agreement or arrangement relating wholly or mainly to taxation.
National Treatment and Most-favoured-nation Treatment. 1. Each Party shall accord, in its territory, to investments made by investors of the other Party treatment no less favourable than that which it accords to the investments made by its own investors or by investors of any third State whichever is more favourable to the investor concerned.
2. Each Party shall accord, in its territory, to investors of the other Party, as regards their management, maintenance, use, enjoyment or disposal of their investments, treatment no less favourable than that which it accords to its own investors or to investors of any third State whichever is more favourable to the investor concerned.
3. The treatment granted under paragraphs 1 and 2 of this Article shall not be construed so as to oblige one Party to extend to the investors of the other Party and their investments the benefit of any treatment, preference or privilege resulting from:
a) its membership of, or association with, any existing or future free trade area, customs, economic or monetary union or other similar international agreements including other forms of regional economic organisation, or
b) any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation.
4. Measures that have to be taken for reasons of public security and order or public health shall not be deemed treatment “less favourable” within the meaning of this Article.
National Treatment and Most-favoured-nation Treatment. 1. Each Contracting Party shall grant in its territory investments made by investors of the other Contracting Party treatment no less favorable than that accorded to investments made by its own investors or by investors of any other State, whichever is most favorable to The interested investor.
2. Each Contracting Party shall grant in its territory to investors of the other Contracting Party, in respect of the management, maintenance, use, enjoyment or disposal of its investments, treatment no less favorable than that accorded to its own investors or Investors of any third State, whichever is more favorable to the investor concerned.
3. Treatment accorded under paragraphs 1 and 2 of this Article shall not be construed as obliging one Contracting Party to extend to the investors of the other Contracting Party and to its investments the benefit of any treatment, Preference or privilege resulting from:
(A) membership of, or association with, any free trade zone, customs union, economic or monetary union or similar international agreements, including other forms of regional economic organization, future or existing, or
(B) any international agreement or arrangement which relates wholly or mainly to taxes or any domestic legislation which relates wholly or mainly to taxes.
4. For the sake of greater security, the Contracting Parties consider that the provisions of this article shall be without prejudice to the right of either Contracting Party to apply different tax treatment to different taxpayers according to their fiscal residence.
