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

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.