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Common use of Services and Investments Clause in Contracts

Services and Investments. 1. The Parties recognise the increasing importance of trade in services and investment in their economies. In their efforts to gradually develop and broaden their co-operation, they will co-operate with the aim of creating the most favourable conditions for expanding investment between them and achieving further liberalisation and additional mutual opening of markets for trade in services, taking into account on-going work under the auspices of the WTO. 2. If, after the entry into force of this Agreement, a Party concludes a free trade agreement with any third country or group of countries that contains provisions providing for a better treatment with respect to any measure affecting trade in services or investors and their investments than the treatment granted to another Party, that Party shall, upon request by another Party, provide adequate opportunity for that Party to enter into negotiation with a view to obtaining equivalent treatment. 3. Upon request of a Party, the requested Party shall endeavour to provide information on measures that may have an impact on trade in services or investment. 4. The Parties shall encourage the relevant bodies in their respective territories to co-operate with a view to achieving mutual recognition for licensing and certification of professional service providers. 5. The EFTA States and Croatia will, in the Joint Committee, review developments related to investments and trade in services with a view to developing and deepening their relations under this Agreement in these fields.

Appears in 4 contracts

Samples: Agreement Between the Efta States and the Republic of Croatia, Agreement Between Efta States and the Republic of Croatia, Free Trade Agreement

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Services and Investments. 1. The Parties recognise the increasing importance of trade in services and investment in their economies. In their efforts to gradually develop and broaden their co-operation, they will co-operate with the aim of creating the most favourable conditions for expanding investment between them and achieving further liberalisation and additional mutual opening of markets for trade in services, taking into account on-going work under the auspices of the WTO. 2. If, after the entry into force of this Agreement, a Party concludes a free trade agreement with any third country or group of countries that contains provisions providing for a better treatment with respect to any measure affecting trade in services or investors and their investments than the treatment granted to another Party, that Party shall, upon request by another Party, provide adequate opportunity for that Party to enter into negotiation with a view to obtaining equivalent treatment. 3. Upon request of a Party, the requested Party shall endeavour to provide information on measures that may have an impact on trade in services or investment. 4. The Parties shall encourage the relevant bodies in their respective territories to co-co- operate with a view to achieving mutual recognition for licensing and certification of professional service providers. 5. The EFTA States and Croatia will, in the Joint Committee, review developments related to investments and trade in services with a view to developing and deepening their relations under this Agreement in these fields.

Appears in 1 contract

Samples: Agreement Between the Efta States and the Republic of Croatia

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