Common use of National Treatment Clause in Contracts

National Treatment. 1. Each Party shall accord to investors of the other Party treatment no less favourable than that it accords, in like circumstances, to its own investors with respect to the management, conduct, operation, and sale or other disposition of investments in its territory. 2. Each Party shall accord to investments of investors of the other Party treatment no less favourable than that it accords, in like circumstances, to investments in its territory of its own investors with respect to the management, conduct, operation, and sale or other disposition of investments. 3. Notwithstanding paragraphs 1 and 2, the Parties reserve the right to adopt or maintain any measure that accords differential treatment to socially or economically disadvantaged minorities and ethnic groups. (12) 1. Article 129 (National Treatment) does not apply to: (a) any existing non-conforming measures maintained within its territory; (b) the continuation of any non-conforming measure referred to in subparagraph (a); or (c) an amendment to any non-conforming measure referred to in subparagraph (a) to the extent that the amendment does not increase the non- conformity of the measure, as it existed immediately before the amendment, with those obligations. 2. The Parties will endeavour to progressively remove the non-conforming measures.