Common use of Restrictions to Safeguard the Balance of Payments Clause in Contracts

Restrictions to Safeguard the Balance of Payments. 1. Nothing in this Section shall be construed to prevent a Signatory Party from taking any measure for balance-of-payments purposes. The Signatory Parties shall apply restrictions to safeguard the balance of payments in accordance with the provisions of Articles XII and XIV of GATT 1994 and the WTO Understanding on Balance-of-Payments Provisions of GATT 1994. 2. The Signatory Party concerned shall promptly notify the other party of the measures applied pursuant to paragraph 1. 3. In applying temporary trade measures as described in paragraph 1, the Signatory Party in question shall accord treatment no less favorable to imports originating in the other Signatory Parties than to imports originating in any third country.

Restrictions to Safeguard the Balance of Payments. 1. Nothing in this Section Chapter shall be construed to prevent a Signatory Party from taking any measure for balance-of-payments purposes. The Any such measures adopted by a Signatory Parties Party shall apply restrictions to safeguard the balance of payments be in accordance with the provisions of Articles Article XII and XIV of GATT 1994 and the WTO Understanding on Balance-the Balance- of-Payments Provisions provisions of GATT 1994, which shall be incorporated into and made a part of this Agreement. 2. The Signatory Party concerned shall promptly notify the other party Party of the measures applied pursuant to paragraph 1. 3. In applying temporary trade measures as described in paragraph 1, the Signatory Party in question shall will accord treatment no less favorable favourable to imports originating in the other Signatory Parties Party than to imports originating in any third other country.

Restrictions to Safeguard the Balance of Payments. 1. Nothing in this Section Chapter shall be construed to prevent a Signatory Party from taking any measure for balance-of-payments purposes. The Any such measures adopted by a Signatory Parties Party shall apply restrictions to safeguard the balance of payments be in accordance with the provisions of Articles Article XII and XIV of GATT 1994 and the WTO Understanding on the Balance-of-Payments Provisions provisions of GATT 1994. 2, which shall be incorporated into and made a part of this Agreement. The Signatory Party concerned shall promptly notify the other party Party of the measures applied pursuant to paragraph 1. 3. In applying temporary trade measures as described in paragraph 1, the Signatory Party in question shall will accord treatment no less favorable favourable to imports originating in the other Signatory Parties Party than to imports originating in any third other country.

Restrictions to Safeguard the Balance of Payments. 1. Nothing in this Section Chapter shall be construed to prevent a Signatory Party from taking any measure for balance-of-payments purposes. The Any such measures adopted by a Signatory Parties Party shall apply restrictions to safeguard the balance of payments be in accordance with the provisions of Articles Article XII and XIV of GATT 1994 and the WTO Understanding on Balance-of-the Balanceof- Payments Provisions provisions of GATT 1994, which shall be incorporated into and made a part of this Agreement. 2. The Signatory Party concerned shall promptly notify the other party Party of the measures applied pursuant to paragraph 1. 3. In applying temporary trade measures as described in paragraph 1, the Signatory Party in question shall will accord treatment no less favorable favourable to imports originating in the other Signatory Parties Party than to imports originating in any third other country.