State Enterprises. 1. The Parties recognize that state enterprises should not operate in a manner that creates obstacles to trade and investment. In that light, each Party shall ensure that any state enterprise that it establishes or maintains: (a) acts in a manner that is not inconsistent with the Party’s obligations under this Agreement wherever such enterprise exercises any regulatory, administrative, or other governmental authority that the Party has delegated to it, such as the power to expropriate, grant licenses, approve commercial transactions, or impose quotas, fees, or other charges; and (b) accords non-discriminatory treatment in the sale of its goods or services to covered investments. 2. Nothing in this Chapter shall be construed to prevent a Party from establishing or maintaining a state enterprise.
Appears in 5 contracts
Samples: Competition Policy Agreement, Competition Policy Agreement, Competition Policy Agreement
State Enterprises. 1. The Parties recognize that state enterprises should not operate in a manner that creates obstacles to trade and investment. In that light, each Party shall ensure that any state enterprise that it establishes or maintains:
: (a) acts in a manner that is not inconsistent with the Party’s 's obligations under this Agreement wherever such enterprise exercises any regulatory, administrative, or other governmental authority that the Party has delegated to it, such as the power to expropriate, grant licenses, approve commercial transactions, or impose quotas, fees, or other charges; and
and (b) accords non-non- discriminatory treatment in the sale of its goods or services to covered investments.
2. Nothing in this Chapter shall be construed to prevent a Party from establishing or maintaining a state enterprise.
Appears in 1 contract
Samples: Trade Promotion Agreement
