Temporary Safeguard Measures. 1. A Contracting Party may adopt or maintain measures not conforming with its obligations under Article 2 relating to cross- border capital transactions and Article 15:
Temporary Safeguard Measures. 1. A Party may adopt or maintain restrictive measures with regard to cross-border capital transactions as well as payments or transfers for transactions related to investments:
Temporary Safeguard Measures. 1. A Party may adopt or maintain measures not conforming with its obligations under Article 3 (National Treatment) relating to cross-border capital transactions or Article 11 (Transfers) in the event of serious balance of payments and external financial difficulties or under threat thereof.
Temporary Safeguard Measures. 1. Nothing in this Agreement shall be construed to prevent a Party from adopting or maintaining restrictive measures with regard to payments or transfers for current account transactions in the event of serious balance of payments and external financial difficulties or threats thereof.
Temporary Safeguard Measures. 1. If a Party is in serious balance of payments and external financial difficulties or under threat thereof, or if, in exceptional circumstances, payments or transfers relating to capital movements cause or threaten to cause serious difficulties for macroeconomic management, it may adopt or maintain restrictions on payments or transfers related to covered investments.
Temporary Safeguard Measures. 1. A Country may adopt or maintain measures not conforming with its obligations under Article 75 relating to cross-border capital transactions and Article 83:
Temporary Safeguard Measures. In accordance with Article XII of the GATT 1994, the Understanding on the Balance-of-Payments Provisions of the General Agreement on Tariffs and Trade 1994 in Annex 1A to the WTO Agreement, and Article XII of the GATS, and consistent with the Articles of Agreement of the International Monetary Fund, a Party may adopt or maintain measures: (a) in the event of serious balance-of-payments and external financial difficulties or threat thereof; or (b) in cases where, in exceptional circumstances, movements of capital cause or threaten to cause serious difficulties for macroeconomic management, in particular, monetary and exchange rate policies.
Temporary Safeguard Measures. 1. A Party may adopt or maintain measures not conforming with its obligations under Article 3 (National Treatment) relating to cross-border capital transactions and Article 12 (Transfers):
Temporary Safeguard Measures. 1. A Party may adopt or maintain measures not conformingwith its obligations under Article 58 relating to cross-border capital transactions and Article 63: (a) in the event of serious balance-of-payments andexternal financial difficulties or imminent threat thereof; or (b) in cases where, in exceptional circumstances,movements of capital cause or threaten to causeserious difficulties for macroeconomic management, in particular, monetary and exchangerate policies. 2. Measures referred to in paragraph 1 above: (a) shall be consistent with the Articles of Agreement of the International Monetary Fund, asmay be amended; (b) shall not exceed those necessary to deal with thecircumstances set out in paragraph 1 above; (c) shall be temporary and shall be eliminated assoon as conditions permit; and (d) shall be promptly notified to the other Party. 3. Nothing in this Chapter shall be regarded as alteringthe rights enjoyed and obligations undertaken by a Party asa party to the Articles of Agreement of the InternationalMonetary Fund, as may be amended.
Temporary Safeguard Measures. 1. Where, in exceptional circumstances, payments and capital movements between the Parties cause or threaten to cause serious difficulties for the operation of monetary policy or exchange rate policy in any Party, the Party concerned may take safeguard measures with regard to capital movements that are strictly necessary for a period not exceeding six months, provided that these measures are consistent with the Articles of Agreement of the International Monetary Fund. The application of safeguard measures may be extended through their formal reintroduction.
