Common use of Treatment of Investments Clause in Contracts

Treatment of Investments. 1. Each Contracting Party shall admit in its territory investments on a basis no less favourable than that accorded in like circumstances to investments of investors of any third State, within the framework of its laws and regulations. 2. Each Contracting Party shall accord to these investments, once established, treatment no less favourable than that accorded in like circumstances to investments of its investors or to investments of investors of any third State, whichever is the most favourable, as regards the management, maintenance, use, operation, enjoyment, extension, sale, liquidation or disposal of the investment. 3. The Contracting Parties shall within the framework of their national legislation give favorable consideration to applications for the entry and sojourn of nationals of either Contracting Party who wish to enter the territory of the other Contracting Party in connection with the making and carrying through of an investment. (a) The provisions of this Article shall not be construed so as to oblige one Contracting Party to extend to the investors of the other Contracting Party the benefit of any treatment, preference or privilege which may be extended by the former Contracting Party by virtue of any international agreement or arrangement relating wholly or mainly to taxation. (b) The non-discrimination, national treatment and most-favored nation treatment provisions of this Agreement shall not apply to all actual or future advantages accorded by either Contracting Party by virtue of its membership of, or association with a customs, economic or monetary union, a common market or a free trade area; to nationals or companies of its own, of Member States of such union, common market or free trade area, or of any other third State. (c) Paragraphs (1) and (2) of this Article shall not apply in respect of dispute settlement provisions between an investor end the hosting Contracting Party laid down simultaneously by this Agreement and by another similar international agreement to which one of the Contracting Parties is signatory. (d) The provisions of Articles 3 and 4 of this Agreement shall not oblige the host Contracting Party to accord investments of investors of the other Contracting Party the same treatment that it accords to investments of its own investors with regard to acquisition of land, real estates, and real sights thereof.

Treatment of Investments. 1. Each Contracting Party shall admit in its territory investments on a basis no less favourable favorable than that accorded in like circumstances to investments of investors of any third State, within the framework of its laws and regulations. 2. Each Contracting Party shall accord to these investments, once established, treatment no less favourable favorable than that accorded in like circumstances to investments of its investors or to investments of investors of any third State, whichever is the most favourablefavorable, as regards the management, maintenance, use, operation, enjoyment, extension, sale, liquidation or disposal of the investment. 3. The Contracting Parties shall within the framework of their national legislation give favorable consideration to applications for the entry and sojourn of nationals of either Contracting Party who wish to enter the territory of the other Contracting Party in connection with the making and carrying through of an investment. (a) The provisions of this Article shall not be construed so as to oblige one Contracting Party to extend to the investors of the other Contracting Party the benefit of any treatment, preference or privilege which may be extended by the former Contracting Party by virtue of any international agreement or arrangement relating wholly or mainly to taxation. (b) The non-discrimination, national treatment and most-favored nation treatment provisions of this Agreement shall not apply to all actual or future advantages accorded by either Contracting Party by virtue of its membership of, or association with a customs, economic or monetary union, a common market or a free trade area; to nationals or companies of its own, of Member States of such union, common market or free trade area, or of any other third State. (c) Paragraphs (1) and (2) of this Article shall not apply in respect of dispute settlement setilement, provisions between an investor end and the hosting Contracting Party laid down simultaneously by this Agreement and by another similar international agreement to which one of the Contracting Parties is signatory. (d) The provisions of Articles Article 3 and 4 of this Agreement shall not oblige the host a Contracting Party to accord investments of investors of the other Contracting Party Pasty the same treatment that it accords to investments of its own investors with regard to acquisition of land, real estates, and real sights rights thereof.

Treatment of Investments. 1. Each Contracting Party shall admit in its territory investments on a basis no less favourable favorable than that accorded in like circumstances to investments of investors of any third State, within withi n the framework of its laws and regulations. 2. Each Contracting Party shall accord to these investments, once established, treatment no less favourable favorable than that accorded in like circumstances to investments of its investors or to investments of investors of any third State, whichever is the most favourable, favorable as regards the management, maintenance, use, operation, enjoyment, extension, sale, liquidation or disposal of the investment. 3. The Contracting Parties shall within the framework of their national legislation give favorable consideration to applications for the entry and sojourn of nationals of either Contracting Party who wish to enter the territory of the other Contracting Party in connection with the making and carrying through of an investment. (a) The provisions Provisions of this Article shall not be construed so as to oblige one Contracting Party to extend to the investors of the other Contracting Party the benefit of any treatment, preference or privilege which may be extended by the former Contracting Party by virtue of any international agreement or arrangement relating wholly or mainly to taxation. (ba) The non-discrimination, national treatment and most-favored nation treatment provisions of this Agreement shall not apply to all actual or future advantages accorded by either Contracting Party by virtue of its membership of, or association with a customs, economic or monetary union, a common market or a free trade area; to nationals or companies of its own, of Member States of such union, common market or free trade area, or of any other third State. (cb) Paragraphs (1) and (2) of this Article shall not apply in respect of dispute settlement provisions between an investor end and the hosting Contracting Party laid down simultaneously by this Agreement and by another similar international agreement to which one of the Contracting Parties is signatory. (dc) The provisions of Articles 3 Article (3) and 4 (4) of this Agreement shall not oblige the host Contracting Party Parties to accord investments of investors of the other Contracting Party the same treatment that it accords to investments of its own investors with regard to acquisition of land, real estates, and real sights rights thereof.

Treatment of Investments. 1. Each Contracting Party shall admit in its territory investments on a basis no less favourable favorable than that accorded in like circumstances to investments of investors of any third State, within the framework of its laws and regulations. 2. Each Contracting Party shall accord to these investments, once established, treatment no less favourable favorable than that accorded in like circumstances to investments of its investors or to investments of investors of any third State, whichever is the most favourablefavorable, as regards the management, maintenance, use, operation, enjoyment, extension, sale, liquidation or disposal of the investment. 3. The Contracting Parties shall within the framework of in accordance with their national legislation give favorable consideration to applications for the entry and sojourn of nationals of either Contracting Party who wish to enter the territory of the other Contracting Party in connection with the making and carrying through of an investmentinvestment in case there are no grounds for denial of entrance visas in accordance with the legislation of the Contracting Parties. (a) The provisions of this Article shall not be construed so as to oblige one Contracting Party to extend to the investors of the other Contracting Party the benefit of any treatment, preference or privilege which may be extended by the former Contracting Party by virtue of any international agreement or arrangement relating wholly or mainly to taxation. (b) The non-discrimination, national treatment and most-favored nation treatment provisions of this Agreement shall not apply to all actual or future advantages accorded by either Contracting Party by virtue of its membership of, or association with a customs, economic or monetary union, a common market or a free trade area; to nationals or companies of its own, of Member States of such union, common market or free trade area, or of any other third State. (c) Paragraphs For greater certainty, the Most Favored Nation treatment referred to in paragraphs (1) and (2) of this Article shall does not apply in respect of include investor-to-state dispute settlement provisions between an investor end the hosting Contracting Party laid down simultaneously by this Agreement and by another similar procedures or mechanisms, such as those included under Article 10, that are provided for in other international agreement to which one of the Contracting Parties is signatorytreaties. (d) The provisions of Articles Article 3 and 4 of this Agreement shall not oblige the host Contracting Party to accord investments of investors of the other Contracting Party the same treatment that it accords to investments of its own investors with regard to acquisition of land, real estates, and real sights rights thereof.,

Treatment of Investments. 1. Each Contracting Party shall admit in its territory investments on a basis no less favourable than that accorded in like circumstances to investments of investors of any third State, within within) the framework of its laws and regulations. 2. Each Contracting Party shall accord to these investments, once established, treatment no less favourable than that accorded in like circumstances to investments of its investors or of to investments of investors of any third State, whichever is the most favourable, as regards the management, maintenance, use, operation, enjoyment, extension, sale, liquidation or disposal of the investment. 3. The Contracting Parties shall within the framework of their national legislation give favorable consideration to applications for the entry and sojourn of nationals persons of either Contracting Party Party, as well as members of the household, who wish to enter the territory of the other Contracting Party in connection with the making and carrying through of an investment. (a) The provisions Provisions of this Article shall not be construed so as to oblige one Contracting Party to extend to the investors of the other Contracting Party the benefit of any treatment, ! preference or privilege which may be extended by the former Contracting Party by virtue of any international agreement or arrangement relating wholly or mainly to fo taxation. (b) The non-discrimination, national treatment and most-favored nation treatment provisions of this Agreement shall not apply to all actual or future advantages accorded by either Contracting Party by virtue of its membership of, or association with a customs, economic or monetary union, a common market or a free trade trade-area; to nationals or companies of its own, of Member States of such union, common market or free trade traeje area, or of any other third State. (c) Paragraphs (1) and (2) of this Article shall not apply in respect of dispute settlement provisions between an investor end and the hosting Contracting Party Party; laid down simultaneously by this Agreement and by another similar international agreement to which one of the Contracting Parties is signatory. (d) The provisions of Articles Article 2 and 3 and 4 of this Agreement shall not oblige the host hosting Contracting Party to accord investments of investors of the other Contracting Party the same treatment that it accords to investments of its own investors with regard to acquisition of land, real estates, and real sights thereofrights upon them. (e) Notwithstanding the provisions of Paragraph 2 of this Article, the Contracting Parties may grant special limited incentives to its nationals and the companies for the purpose of development of national entrepreneurs and infant industries in order to stimulate the entrepreneurships without giving the same incentives to a foreign investor provided such incentives do not significantly affect the investments and activities of investment of the other Contracting Party. In particular the principle of most favored nation treatment shall be observed in case of foreign participation in such businesses. The Contracting Parties shall eliminate progressively such incentives.

Treatment of Investments. 1. Each Contracting Party shall admit in its territory investments on a basis no less favourable than that accorded in like circumstances to investments of investors of any third State, within the framework of its laws and regulations. 2. Each Contracting Party shall accord to these investments, once established, treatment no less favourable than that accorded in like circumstances to investments of its investors or to investments of investors of any third State, whichever is the most favourable, as regards the management, maintenance, use, operation, enjoyment, extension, sale, liquidation or disposal of the investment. 3. The Contracting Parties shall within the framework of their national legislation give favorable consideration to applications for the entry and sojourn of nationals of either Contracting Party who wish to enter the territory of the other Contracting Party in connection with the making and carrying through of an investment. (a) The provisions Provisions of this Article shall not be construed so as to oblige one Contracting Party to extend to the investors of the other Contracting Party the benefit of any treatment, preference or privilege which may be extended by the former Contracting Party by virtue of any international agreement or arrangement relating wholly or mainly to taxation. (b) The non-discrimination, national treatment and most-favored favoured nation treatment provisions of this Agreement shall not apply to all actual or future advantages accorded by either Contracting Party by virtue of its membership of, or association with a customs, economic or monetary union, a common market or a free trade area; to nationals or companies of its own, of Member States of such union, common market or free trade area, or of any other third State. (c) Paragraphs (1) and (2) of this Article shall not apply in respect of dispute settlement provisions between an investor end and the hosting Contracting Party laid down simultaneously by this Agreement and by another similar international agreement to which one of the Contracting Parties is a signatory. (d) The provisions of Articles Article 3 and 4 of this Agreement shall not oblige the host a Contracting Party to accord investments of investors of the other Contracting Party the same treatment that it accords to investments of its own investors with regard to acquisition of land, real estates, and real sights thereofrights upon them.

Treatment of Investments. 1. Each Contracting Party shall admit in its territory investments on a basis no less favourable than that accorded in like circumstances to investments of investors of any third State, within the framework of its laws and regulations. 2. Each Contracting Party shall accord to these investments, once established, treatment no less favourable than that accorded in like circumstances to investments of its investors or to investments of investors of any third State, whichever is the most favourable, as regards the management, maintenance, use, operation, enjoyment, extension, sale, liquidation or disposal of the investment. 3. The Contracting Parties shall within the framework of their national legislation give favorable consideration to applications for the entry and sojourn of nationals of either Contracting Party who wish to enter the territory of the other Contracting Party in connection with the making and carrying through of an investment. (a) The provisions Provisions of this Article shall not be construed so as to oblige one Contracting Party to extend to the investors of the other Contracting Party the benefit of any treatment, preference Preference or privilege which may be extended by the former Contracting Party by virtue of any international agreement or arrangement relating wholly or mainly to taxation. (b) The non-discrimination, national treatment and most-favored nation treatment provisions of this Agreement shall not apply to all actual or future advantages accorded by either Contracting Party by virtue of its membership of, or association with a customs, economic or monetary union, a common market or a free trade area; to nationals or companies of its own, of Member States of such union, common market or free trade area, or of any other third State. (c) Paragraphs (1) and (2) of this Article shall not apply in respect of dispute settlement provisions between an investor end and the hosting Contracting Party laid down simultaneously by this Agreement and by another similar international agreement to which one of the Contracting Parties is signatory. (d) The provisions of Articles 3 and 4 of this Agreement shall not oblige the host Contracting Party to accord investments of investors of the other Contracting Party the same treatment that it accords to investments of its own investors with regard to acquisition of land, real estates, and real sights thereof.

Treatment of Investments. 1. Each Contracting Party shall admit in its territory investments on a basis no less favourable than that accorded in like circumstances to investments of investors of any third State, within the framework of its laws and regulations. 2. Each Contracting Party shall accord to these investments, once established, treatment no less favourable than that accorded in like circumstances to investments of its investors or to investments of investors of any third State, whichever is the most favourable, as regards the management, maintenance, use, operation, enjoyment, extension, sale, liquidation or disposal of the investment. 3. The Contracting Parties shall within the framework of their national legislation give favorable sympathetic consideration to applications for the entry and sojourn of nationals persons of either Contracting Party who wish to enter the territory of the other Contracting Party in connection with the making and carrying through of an investment; the same shall apply to nationals of either Contracting Party who in connection with an investment wish to enter the territory of the other Contracting Party and sojourn there to take up employment. Application for work permits shall also be given sympathetic consideration. (a) The provisions Provisions of this Article shall not be construed so as to oblige one Contracting Party to extend to the investors of the other Contracting Party the benefit of any treatment, preference or privilege which may be extended by the former Contracting Party by virtue of any international agreement or arrangement relating wholly or mainly to taxation. (b) The non-discrimination, national treatment and most-favored nation treatment provisions of this Agreement shall not apply to all actual or future advantages accorded by either Contracting Party by virtue of its membership of, or association with a customs, economic or monetary union, a common market or a free trade area; to nationals or companies of its own, of Member States of such union, common market or free trade area, or of any other third State. (c) Paragraphs (1) 1 and (2) 2 of this Article shall do not apply in respect of dispute settlement provisions between an investor end the hosting Contracting Party procedural rights laid down simultaneously by this Agreement and by another similar international agreement to which one of the Contracting Parties is signatory. (d) The provisions of Articles 3 and 4 of this Agreement shall not oblige the host Contracting Party to accord investments of investors of the other Contracting Party the same treatment that it accords to investments of its own investors with regard to acquisition of land, real estates, and real sights thereof.

Treatment of Investments. 1. Each Investments approved or admitted under Article 2 and returns of investors of either Contracting Party shall admit be accorded fair and equitable treatment and enjoy full protection and security in its the territory investments on a basis no less favourable than that accorded in like circumstances to investments of investors of any third State, within the framework of its laws and regulationsother Contracting Party. 2. Each Contracting Party shall in its territory subject investments approved or admitted under Article 2 or returns from such investments of investors of the other Contracting Party to treatment: (a) which it accords to investments or returns from investments of investors of any other State, or, (i) in relation to investments in the Republic of Singapore, in Accordance with its laws and regulations, that which it accords to investments or returns from investments of its own investors, (ii) in relation to investments in the Sultanate of Oman, subject to paragraph (3) of this Article, that which it accords to investments or returns from investments of its own investors, Whichever is more favourable to the investor. 3. The provisions of paragraph (2) of this Article shall not oblige the Sultanate of Oman to accord investors of the other Contracting Party the same treatment that it accords to its own investors with regard to ownership of lands and real estate and provision of grants and soft loans. 4. Each Contracting Party shall in its territory accord to these investments, once established, investors of the other Contracting Party treatment no less favourable than that accorded which it accords in like circumstances paragraph (2) of this Article with respect to investments of its investors or to investments of investors of any third State, whichever is the most favourable, as regards the management, maintenance, use, operation, enjoyment, extension, sale, liquidation or management and disposal of the investmenttheir investments. 35. The Contracting Parties shall within the framework provisions of their national legislation give favorable consideration to applications for the entry paragraphs (2) and sojourn of nationals of either Contracting Party who wish to enter the territory of the other Contracting Party in connection with the making and carrying through of an investment. (a4) The provisions of this Article shall not be construed so as to oblige one Contracting Party to extend to the investors of the other Contracting Contacting Party the benefit benefits of any treatment, preference or privilege which may be extended by the former Contracting Party by virtue of resulting from any existing or future customs union, free trade area, free trade arrangement, common market, or similar international agreement or arrangement relating wholly other forms of regional cooperation to which either of the Contracting Parties is or mainly may become a party; or the adoption of an agreement designed to taxationlead to the formation or extension of such a union, area or arrangement; or, with respect to the Republic of Singapore, any Investment Guarantee Agreement entered into prior to 1991. (b) 6. The non-discrimination, national treatment and most-favored nation treatment provisions of this Agreement shall not apply to all actual or future advantages accorded matters of taxation in the territory of either State. Such matters shall be governed by either Contracting Party by virtue any Avoidance of its membership of, or association with a customs, economic or monetary union, a common market or a free trade area; to nationals or companies of its own, of Member States of such union, common market or free trade area, or of any other third State. (c) Paragraphs (1) and (2) of this Article shall not apply in respect of dispute settlement provisions Double Taxation Treaty between an investor end the hosting Contracting Party laid down simultaneously by this Agreement and by another similar international agreement to which one of the two Contracting Parties is signatory. (d) The provisions and the domestic laws of Articles 3 and 4 of this Agreement shall not oblige the host Contracting Party to accord investments of investors of the other Contracting Party the same treatment that it accords to investments of its own investors with regard to acquisition of land, real estates, and real sights thereof.each State. V'

Treatment of Investments. 1. Each Contracting Party shall admit in its territory investments on a basis no less favourable than that accorded in like circumstances to investments of investors of any third State, within the framework of its laws and regulations. 2. Each Contracting Party shall accord to these investments, once established, treatment no less favourable than that accorded in like circumstances to investments of its investors or to investments of investors of any third State, whichever is the most favourable, as regards the management, maintenance, use, operation, enjoyment, extension, sale, liquidation or disposal of the investment. 3. The Contracting Parties shall within the framework of their national legislation give favorable sympathetic consideration to applications for the entry and sojourn of nationals persons of either Contracting Party who wish to enter the territory of the other Contracting Party in connection with the making and carrying through of an investment: the same shall apply to nationals of either Contracting party who in connection with an investment wish to enter the territory of the other Contracting Party and sojourn there to take up employment. Application for work permits shall also be given sympathetic consideration. (a) The provisions Provisions of this Article shall not be construed so as to oblige one Contracting Party to extend to the investors of the other Contracting Party the benefit of any treatment, preference or privilege which may be extended by the former Contracting Party by virtue of any international agreement or arrangement relating wholly or mainly to taxation. (b) The non-discrimination, national treatment and most-favored nation treatment provisions of this Agreement shall not apply to all actual or future advantages accorded by either Contracting Party by virtue of its membership of, or association with a customs, economic or monetary union, a common market or a free trade area; to nationals or companies of its own, own of Member States of such union, common market or free trade area, or of any other third State. (c) Paragraphs (1) 1 and (2) 2 of this Article shall do not apply in respect of dispute settlement provisions between an investor end the hosting Contracting Party procedural rights laid down simultaneously by this Agreement and by another similar international agreement to which one of the Contracting Parties is signatory. (d) The provisions of Articles Article 2 and 3 and 4 of this Agreement shall not oblige the host Contracting Party to accord investments of investors of the other Contracting Party party the same treatment that it accords to investments of its own investors with regard to acquisition of land, land and real estates, and real sights thereofrights upon them.

Treatment of Investments. 1. Each Contracting Party shall admit investments in its territory investments on a non less favorable basis no less favourable than that accorded which, in like circumstances similar circumstances, grants to investments of from investors of any third State, within the framework of its laws and regulations. 2. Each Once established, each Contracting Party shall accord to grant these investments, once established, investments a treatment no less favourable than favorable to that accorded in like circumstances granted under the same conditions to the investments of its own investors or to investments of made by investors of any third State, whichever is the most favourablemore favorable, as regards the in terms of management, maintenance, use, operation, enjoyment, extension, sale, liquidation or disposal and alienation of the investment. 3. The Contracting Parties shall shall, within the framework of their national legislation legislation, make their better efforts to give favorable consideration to applications for the entry and sojourn stay of nationals of either of the Contracting Party Parties, who wish to enter the territory of the other Contracting Party in connection with respect to the making realization and carrying through application of an investment. (a) The provisions of this Article shall not be construed so as in order to oblige one bind any of the Contracting Party Parties to extend to the investors of the other Contracting Party the benefit of any treatment, preference or privilege to investors of the other Contracting Party, which may be extended by the former first Contracting Party by virtue of under any international agreement or arrangement relating wholly relative, partial or mainly to taxation.; (b) The the provisions of non-discrimination, national treatment and most-most favored nation treatment provisions of this Agreement shall agreement will not apply to all actual current or future advantages accorded benefits granted by either of the Contracting Party Parties by virtue of its membership of, or association with a customscustoms union, economic or monetary unionmonetary, a common market or a free trade areazone; to nationals or companies of its own, of owned by the Member States of such that union, common market or area of free trade areatrade, or of any other third State.; (c) Paragraphs paragraphs (1) and (2) of this Article shall not apply in with respect to provisions of dispute settlement provisions of disputes between an investor end and the hosting Contracting Party laid down host, set simultaneously by this Agreement and by another on the other hand similar international agreement to of which one either of the Contracting Parties is signatory.a party; (d) The the provisions of Articles Article 3 and 4 of this Agreement shall not oblige require Contracting Parties agree to the host Contracting Party to accord investments of investors of the other Contracting Party Party, the same treatment that it accords to the investments of its own investors with regard respect to the acquisition of land, assets real estates, estate and real sights thereofrights.

Treatment of Investments. 1. Each Contracting Party shall admit in its territory investments on a basis no less favourable than that accorded in like circumstances to investments of investors of any third State, within the framework of its laws and regulations. 2. Each Contracting Party shall accord to these investmentsinvestments of investors of the other Contracting Party, once established, treatment no less favourable favorable than that accorded in like circumstances to investments of its investors or to investments of investors of any third State, whichever is the most favourablefavorable, as regards the management, maintenance, use, operation, enjoyment, extension, sale, liquidation or disposal of the investment. 32. The Contracting Parties shall shall, within the framework of their theit national legislation give favorable consideration to applications for legislation, facilitate the entry and sojourn of nationals of either Contracting Party who wish to enter the territory of the other Contracting Party in connection with the making and carrying through of an investment. (a) The provisions of this Article shall not be construed so as to oblige one Contracting Party to extend to the investors of the other Contracting Party the benefit of any treatment, preference or privilege which may be extended by the former Contracting Party by virtue of any international agreement or arrangement relating wholly or mainly to taxation. (b) The non-discrimination, national treatment and most-favored nation treatment provisions of this Agreement shall not apply to all actual or future advantages accorded by either Contracting Party by virtue of its membership of, or association with a customs, economic or monetary union, a common market or a free trade area; to fo nationals or companies of its own, of Member States of such union, common market or free trade area, or of any other third State. (c) Paragraphs (1) Most-favored nation treatment referred to in paragraph 1 does not include treatment accorded to investors of a non- contracting Party and (2) their investments by provisions concerning the settlement of investment disputes provided for in this Article shall not apply in respect of dispute settlement provisions Agreement or other international agreements concluded between an investor end the hosting a Contracting Party laid down simultaneously by this Agreement and by another similar international agreement to which one of the Contracting Parties is signatorya non-contracting Party. (d) For greater certainty, treatment referred to in paragraph 1 shall not encompass any commitments concerning the contractual obligations of the host State which are provided in other international investment agreements concluded by the Contracting Party concerned. (e) The provisions of Articles Article 3 and 4 of this Agreement shall not oblige the host Contracting Party to accord investments of investors of the other Contracting Party the same treatment that it accords to investments of its own investors with regard to acquisition of land, land and real estates, and real sights rights thereof.

Treatment of Investments. 1. Each Contracting Party shall admit in to its territory investments on a basis no less favourable than that accorded accorded, in like circumstances similar circumstances, to investments of by investors of any a third State, within the framework of State under its laws and regulations. 2. Each Contracting Party shall accord to these such investments, once establishedfrom the time of their establishment, treatment no less favourable than that accorded in like circumstances to investments of its own investors or to investments of investors of any a third State, whichever is the most favourable, as regards the more favourable with respect to management, maintenance, maintenance and use, the operation, enjoyment, extension, sale, liquidation or disposal of the investment. 3. The Contracting Parties shall undertake, within the framework of their national legislation legislation, to give favorable consideration to a favourable opinion on applications for the entry and sojourn of residence visas for nationals of either Contracting Party who wish to enter travel to the territory of the other Contracting Party in connection with for the making purpose of undertaking and carrying through of an investmentout investment activities. (a) The provisions of this Article Agreement shall not be construed so as to oblige one obliging a Contracting Party to extend accord to the investors of the other Contracting Party the benefit of any treatment, preference or privilege which may be extended accorded by the former first Contracting Party by virtue of under any international agreement or arrangement treaty relating wholly or mainly to taxation. (b) The provisions of this Agreement relating to non-discrimination, discriminatory national treatment and most-favored favoured-nation treatment provisions of this Agreement shall not apply to all actual any real or future advantages accorded granted by either Contracting Party by virtue in its capacity as a member of its membership ofan organization, or in the framework of an association with relating to a customs, economic or monetary union, or a common market or a free trade area; , to nationals or companies of its own, own country or of Member States of such union, common market or free trade area, or of any other another third State. (c) Paragraphs (1) For greater certainty, it is understood that the most-favoured-nation treatment referred to in paragraphs 1 and (2) 2 of this Article shall does not apply include procedures or mechanisms for the settlement of disputes between investors and States, such as those provided for in respect of dispute settlement provisions between an investor end the hosting Contracting Party laid down simultaneously by this Agreement and by another similar Article 10, in other international agreement to which one of the Contracting Parties is signatorytreaties. (d) The provisions of Articles 3 and 4 of this Agreement shall do not oblige the host either Contracting Party to accord to investments of investors of the other Contracting Party the same treatment that as it accords to investments of its own investors with regard respect to the acquisition of land, real estates, estate and real sights thereofrelated land rights.

Treatment of Investments. 1. Each Contracting Party shall admit in its territory investments on a basis no less favourable than that accorded in like circumstances to investments of investors of any third State, within the framework of its laws and regulations. 2. Each Contracting Party shall accord to these investments, once established, treatment no less favourable than that accorded in like circumstances to fo investments of its investors or to investments of investors of any third State, whichever is the most favourable, as regards the management, maintenance, use, operation, enjoyment, extension, sale, liquidation or disposal of the investment. 3. The Contracting Parties shall within the framework of their national legislation give favorable consideration to applications for the entry and sojourn of nationals of either Contracting Party who wish to enter the territory of the other Contracting Party in connection with the making and carrying through of an investment. (a) The provisions Provisions of this Article shall not be construed so as to oblige one Contracting Party to extend to the investors of the other Contracting Party the benefit of any treatment, preference or privilege which may be extended by the former Contracting Party by virtue of any international agreement or arrangement relating wholly or mainly to taxation. (b) The non-discrimination, national treatment and most-favored nation treatment provisions of this Agreement shall not apply to all actual or future advantages accorded by either Contracting Party by virtue of its membership of, or association with a customs, economic or monetary union, a common market or a free trade area; to nationals or companies of its own, of Member States of such union, common market or free trade area, or of any other third State. (c) Paragraphs (1) and (2) of this Article shall not apply in respect of dispute settlement provisions between an investor end and the hosting Contracting Party laid down simultaneously by this Agreement and by another similar international agreement to which one of the Contracting Parties is signatory. (d) The provisions of Articles Article 3 and 4 of this Agreement shall not oblige the host hosting Contracting Party to accord investments of investors of the other Contracting Party the same treatment that it accords to investments of its own investors with regard to acquisition of land, real estates, and real sights rights thereof.

Treatment of Investments. 1. Each Contracting Party shall admit in its territory investments on a basis no less favourable than that accorded in like circumstances to investments of investors of any third State, within the framework of its laws and regulations. 2. Each Contracting Party shall accord to these investments, once established, treatment no less favourable than that accorded in like circumstances to investments of its investors or to investments of investors of any third State, whichever is the most favourable, as regards the management, maintenance, use, operation, enjoyment, extension, sale, liquidation or disposal of the ofthe investment. 3. The Contracting Parties shall within the framework of their national legislation give favorable consideration to applications for the entry and sojourn of nationals persons of either Contracting Party who wish to enter the territory of the other Contracting Party in connection with the making and carrying through of an investment. (a) The provisions Provisions of this Article shall not be construed so as to oblige one Contracting Party to extend to the investors of the other Contracting Party the benefit of any treatment, preference or privilege which may be extended by the former Contracting Party by virtue of any international agreement or arrangement relating wholly or mainly to taxation. (b) The non-discrimination, national treatment and most-favored nation treatment provisions of this Agreement shall not apply to all actual or future advantages accorded by either Contracting Party by virtue of its membership of, or association with a customs, economic or monetary union, a common market or a free trade area; to nationals or companies of its own, of Member States of such union, common market or free trade area, or of any other third State. (c) Paragraphs (1) and (2) of this Article shall not apply in respect of dispute settlement provisions between an investor end and the hosting Contracting Party laid down simultaneously by this Agreement and by another similar international agreement to which one of the Contracting Parties is signatory. (d) The provisions of Articles Article 3 and 4 of this Agreement shall not oblige the host Contracting Party Republic of Turkey to accord investments of investors of the other Contracting Party the same treatment that it accords to investments of its own investors with regard to acquisition of land, real estates, and real sights thereofrights upon them.

Treatment of Investments. 1. Each Contracting Party shall admit in the territory of its territory State investments on a basis no less favourable favorable than that accorded in like circumstances to investments of investors of any third State, within the framework of its laws and regulations. 2. Each Contracting Party shall accord to these investments, once established, treatment no less favourable favorable than that accorded in like circumstances to investments of its investors or to investments of investors of any third State, whichever is the most favourablefavorable, as regards the management, maintenance, use, operation, enjoyment, extension, sale, liquidation or disposal of the investment. 3. The Contracting Parties shall within the framework of their national legislation give favorable consideration to applications for the entry and sojourn of nationals of either State of Contracting Party who wish to enter the territory of the State of the other Contracting Party in connection with the making and carrying through of an investmentinvestment activity. (a) The provisions of this Article shall not be construed so as to oblige one Contracting Party to extend to the investors of the State of the other Contracting Party the benefit of any treatment, preference or privilege privilege, which may be extended by the former Contracting Party by virtue of any international agreement or arrangement relating wholly or mainly to taxation. (b) The non-discrimination, national treatment and most-favored nation treatment provisions of this Agreement shall not apply to all actual or future advantages advantage accorded by either Contracting Party by virtue of its membership of, or association with a customs, economic or monetary union, a common market or a free trade area; to nationals or companies of its ownthe States of the Contracting Parties, of Member States of such union, common market or free trade area, or of any other third State. (c) Paragraphs (1) Most Favored Nation treatment referred to in paragraphs | and (2) 2 does not include treatment accorded to investors of this Article shall not apply in respect of dispute settlement provisions between an investor end the hosting a non-Contracting Party laid down simultaneously and their investments by provisions concerning the settlement of investment disputes provided for in this Agreement or in other international agreements concluded between a Contracting Party and by another similar international agreement to which one of the a non-Contracting Parties is signatoryParty. (d) The provisions of Articles Article 3 and 4 of this Agreement shall not oblige the host States of the Contracting Party Parties to accord investments of investors of the other Contracting Party the same treatment according to its national legislation that it accords to investments of its own investors with regard to acquisition of land, real estates, estates and real sights rights thereof.

Treatment of Investments. 1. Each Contracting Party shall admit in its territory investments on a basis no less favourable than that accorded in like circumstances to investments of investors of any third State, within the framework of its laws and regulations. 2. Each Contracting Party shall accord to these investments, once established, treatment no less favourable than that accorded in like circumstances to investments of its investors or to investments of investors of any third State, whichever is the most favourable, as regards the management, maintenance, use, operation, enjoyment, extension, sale, liquidation or disposal of the investment. 32. The Contracting Parties shall within the framework of their national legislation give favorable consideration to applications for the entry and sojourn of nationals of nationals«ef either Contracting Party who wish to enter the territory of the other Contracting Party in connection with the making and carrying through of an investment. (a) The provisions of this Article shall not be construed so as to oblige one Contracting Party to extend to the investors of the other Contracting Party the benefit of any treatment, preference or privilege which may be extended by the former Contracting Party by virtue of any international agreement or arrangement relating wholly or mainly to taxation. (b) The non-discrimination, national treatment National Treatment and mostMost-favored nation Favored Nation treatment provisions of this Agreement shall not apply to all actual or future advantages accorded by either Contracting Party by virtue of its membership of, or association with a customs, economic or monetary union, a common market or a free trade area; to nationals or companies of its own, of Member States of such union, common market or free trade area, or of any other third State. (c) Paragraphs Paragraph (1) and (2) of this Article shall not apply in respect of dispute settlement provisions between an investor end and the hosting Contracting Party laid down simultaneously by this Agreement and by another similar international agreement to which one of the Contracting Parties is signatory. (d) The provisions of Articles 3 Article 4 and 4 5 of this Agreement shall not oblige the host Contracting Party Parties to accord investments of investors of the other Contracting Party the same treatment that it accords to investments of its own investors with regard to acquisition of land, real estates, and real sights rights thereof. (e) Notwithstanding the provisions of this Article, the Contracting Parties may grant special incentives to protect disadvantaged groups or persons in its territory.

Treatment of Investments. 1. Each Subject to its laws and regulations, each Contracting Party shall admit in its territory investments on a basis no less favourable than that accorded in like circumstances to investments of investors of any third State, within the framework of . 2. Subject to its laws and regulations. 2. Each , each Contracting Party shall accord to these investmentsinvestments of investors of the other Contracting Party, once established, treatment no less favourable than that accorded in like circumstances to investments of its investors. 3. Each Contracting Party shall accord to investments of investors or of the other Contracting Party, once established, treatment no less favourable than that accorded in like circumstances to investments of investors of any third State, whichever is the most favourable, as regards the management, maintenance, use, operation, enjoyment, extension, sale, liquidation or disposal of the investment. 34. The Contracting Parties shall within the framework of their national legislation give favorable sympathetic consideration to applications for the entry and sojourn of nationals persons of either Contracting Party who wish to enter the territory of the other Contracting Party in connection with the making and carrying through of an investment; the same shall apply to nationals of either Contracting Party who in connection with an investment wish to enter the territory of the other Contracting Party and sojourn there to take up employment. Application for work permits shall also be given sympathetic consideration. (a) The provisions of this Article shall not be construed so as to oblige one Contracting Party to extend to the investors of the other Contracting Party the benefit of any treatment, preference or privilege which may be extended by the former Contracting Party by virtue of any international agreement or arrangement relating wholly or mainly to taxation. (b) The non-discrimination, national treatment and most-favored nation treatment provisions of this Agreement shall not apply to all actual or future advantages accorded by either Contracting Party by virtue of its membership of, or association with a customs, economic or monetary union, a common market or a free trade area; to nationals or companies of its own, of Member States of such union, common market or free trade area, or of any other third State. (c) Paragraphs (1) and (2) of For greater certainty, the obligation in this Article shall does not apply in respect of dispute settlement provisions between an investor end the hosting encompass a requirement for a Contracting Party laid down simultaneously by this Agreement and by another similar international agreement to which one extend to investors of the other Contracting Parties is signatoryParty dispute resolution procedure other than those set out in this Agreement. (d) The provisions of Articles Article 2 and 3 and 4 of this Agreement shall not oblige the host one Contracting Party to accord investments of investors of the other Contracting Party the same treatment that it accords to investments of its own investors with regard to acquisition of land, land and real estates, and real sights thereofrights upon them.

Treatment of Investments. 1. Each Contracting Party shall admit in its territory investments on a basis no less favourable than that accorded in like circumstances to investments of investors of any third State, within the framework of its laws and regulations. 2. Each Contracting Party shall accord to these investments, once established, treatment no less favourable than that accorded in like circumstances to investments of its investors or to investments of investors of any third State, whichever is the most favourable, as regards the management, maintenance, use, operation, enjoyment, extension, sale, liquidation or disposal of the ofthe investment. 3. The Contracting Parties shall within the framework of their national legislation give favorable consideration to applications for the entry and sojourn of nationals of either Contracting Party who wish to enter the territory of the other Contracting Party in connection with the making and carrying through of an investment. (a) The provisions of this ofthis Article shall not be construed so as to oblige one Contracting Party to extend to the investors of the other Contracting Party the benefit of any treatment, preference or privilege which may be extended by the former Contracting Party by virtue of any international agreement or arrangement relating wholly or mainly to taxation. (b) The nonNon-discrimination, national treatment National Treatment and mostMost-favored nation treatment Favored Nation Treatment provisions of this Agreement shall not apply to all actual or future advantages accorded by either Contracting Party by virtue of its membership of, or association with a customs, economic or monetary union, a common market or a free trade area; to nationals or companies of its own, of Member States of such union, common market or free trade area, or of any ofany other third State. (c) Paragraphs (1) and (2) of this Article shall not apply in respect of dispute settlement provisions between an investor end and the hosting Contracting Party laid down simultaneously by this Agreement and by another similar international agreement to which one of the ofthe Contracting Parties is signatory. (d) The provisions of Articles Article 3 and 4 of this ofthis Agreement shall not oblige the host either Contracting Party to accord investments of investors of the other Contracting Party the same treatment that it accords to investments of its own investors with regard to acquisition of land, real estatesestate, and real sights rights thereof.

Treatment of Investments. 1. Each Contracting Party shall admit in its territory investments on a basis no less favourable favorable than that accorded in like circumstances to investments of investors of any third State, within the framework of its laws and regulations. 2. Each Contracting Party shall accord to these investments, once established, treatment no less favourable favorable than that accorded in like circumstances to investments of its investors or to investments of investors of any third State, whichever is the most favourablefavorable, as regards the management, maintenance, use, operation, enjoyment, extension, sale, liquidation or disposal of the investment. 3. The Contracting Parties shall within the framework of their national legislation give favorable consideration to applications for the entry and sojourn of nationals of either Contracting Party who wish to enter the territory of the other Contracting Party in connection with the making and carrying through of an investment. (a) The provisions of this Article shall not be construed so as to oblige one Contracting Party to extend to the investors of the other Contracting Party the benefit of any treatment, preference or privilege which may be extended by the former Contracting Party by virtue of any international agreement or arrangement relating wholly or mainly to taxation. (b) The non-discrimination, national treatment and most-favored favored-nation treatment provisions of this Agreement shall not apply to all actual or future advantages accorded by either Contracting Party by virtue of its membership of, or association with a customs, economic or monetary union, a common market or a free trade area; to nationals or companies of its own, of Member States of such union, common market or free trade area, or of any other third State. (c) Paragraphs (1) For greater certainty, the Most Favored Nation treatment referred to in paragraphs 1 and (2) 2 of this Article shall does not apply in respect of include investor-to-state dispute settlement provisions between an investor end the hosting Contracting Party laid down simultaneously by this Agreement and by another similar procedures or mechanisms, such as those included under Article 10, that are provided for in other international agreement to which one of the Contracting Parties is signatorytreaties. (d) The provisions of Articles Article 3 and 4 of this Agreement shall not oblige the host Contracting Party Parties to accord investments of investors of the other Contracting Party the same treatment that it accords to investments of its own investors with regard regards to acquisition of land, real estatesestate, and real sights rights thereof.

Treatment of Investments. 1. Each Contracting Party shall admit in its territory investments on a basis no less favourable than that accorded in like circumstances to investments of investors of any third State, within the framework of its laws and regulations. 2. Each Contracting Party shall accord to these investments, once established, treatment no less favourable than that accorded in like circumstances to investments of its investors or to investments of investors of any third State, whichever is the most favourable, as regards the management, maintenance, use, operation, enjoyment, extension, sale, liquidation or disposal of the investment. 3. The Contracting Parties shall within the framework of their national legislation give favorable consideration to applications for the entry and sojourn of nationals persons of either Contracting Party who wish to enter the territory of the other Contracting Party in connection with the making and carrying through of an investment. (a) The provisions of this Article shall not be construed so as to oblige one Contracting Party to extend to the investors of the other Contracting Party the benefit of any treatment, preference or privilege which may be extended by the former Contracting Party by virtue of any international agreement or arrangement relating wholly or mainly to taxation. (b) The non-discrimination, national treatment and most-favored nation treatment provisions of this Agreement shall not apply to all actual or future advantages accorded by either Contracting Party by virtue of its membership of, or association with a customs, economic or monetary union, a common market or a free trade area; , to nationals or companies of its own, of Member States of such union, common market or free trade area, or of any other third State. (c) Paragraphs (1) and (2) of this Article shall not apply in respect of dispute settlement provisions between an investor end and the hosting Contracting Party laid down simultaneously by this Agreement and by another similar international agreement to which one of the Contracting Parties is signatory. (d) The provisions of Articles Article 3 and 4 of this Agreement shall not oblige the host Contracting Party to accord investments of investors of the other Contracting Party the same treatment that it accords to investments of its own investors with regard to acquisition of land, real estates, and real sights thereofrights upon them.

Treatment of Investments. 1. Each Contracting Party shall admit in its territory investments on a basis no less favourable than that accorded in like circumstances to investments of investors of any third State, within the framework of its laws and regulations. 2. Each Contracting Party shall accord to these investments, once established, treatment no less favourable than that accorded in like circumstances to investments of its investors or to investments of investors of any third State, whichever is the most favourable, as regards the management, maintenance, use, operation, enjoyment, extension, sale, liquidation or disposal of the investment. 3. The Contracting Parties shall within the framework of their national legislation give favorable consideration to applications for the entry and sojourn of nationals of either Contracting Party who wish to enter the territory of the other Contracting Party in connection with the making and carrying through of an investment. (a) The provisions of this Article shall not be construed so as to oblige one Contracting Party to extend to the investors of the other Contracting Party the benefit of any treatment, preference or privilege which may be extended by the former Contracting Party by virtue of any international agreement or arrangement relating wholly or mainly to taxation. (b) The non-discrimination, national treatment and most-favored nation treatment provisions of this Agreement shall not apply to all actual or future advantages accorded by either Contracting Party by virtue of its membership of, or association with a customs, economic or monetary union, a common market or a free trade area; to nationals or companies of its own, of Member States of such union, common market or free {ree trade area, or of any other third State. (c) Paragraphs (1) } and (2) of this Article shall not apply in to respect of dispute settlement provisions between an investor end and the hosting Contracting Party laid down simultaneously by this Agreement and by another similar international agreement to which one of the Contracting Parties is signatory. (d) The provisions of Articles Article 3 and 4 of this Agreement shall not oblige the host Contracting Party Parties to accord investments of investors of the other Contracting Party the same treatment that it accords to investments of its own investors with regard to acquisition of land, real estates, and real sights rights thereof.

Treatment of Investments. 1. Each Contracting Party shall admit in its territory investments on a basis no less favourable favorable than that accorded in like circumstances to investments of investors of any third State, within the framework of its laws and regulations. 2. Each Contracting Party shall accord to these investments, once established, treatment no less favourable favorable than that accorded in like circumstances to investments of its investors or to investments of investors of any third State, whichever is the most favourablefavorable, as regards the management, maintenance, use, operation, enjoyment, extension, sale, liquidation or disposal of the investment. 3. The Contracting Parties shall within the framework of their national legislation give favorable consideration to applications for the entry and sojourn of nationals of either Contracting Party who wish to enter the territory of the other Contracting Party in connection with the making and carrying through of an investment. (a) The provisions of this Article shall not be construed so as to oblige one Contracting Party to extend to the investors of the other Contracting Party the benefit of any treatment, preference or privilege which may be extended by the former Contracting Party by virtue of any international agreement or arrangement relating wholly or mainly to taxation. (b) The non-discrimination, national treatment and most-favored favoured-nation treatment provisions of this Agreement shall not apply to all actual or future advantages accorded by either Contracting Party by virtue of its membership of, or association with a customs, economic or monetary union, a common market or a free trade area; to nationals or companies of its own, of Member States of such union, common market or free trade area, or of any other third State. (c) Paragraphs (1) Most Favored Nation treatment referred to in paragraphs 1 and (2) 2 does not include treatment accorded to investors of this Article shall not apply a non-contracting Party and their investments by provisions concerning the settlement of investment disputes provided for in respect of dispute settlement provisions between an investor end the hosting Contracting Party laid down simultaneously by this Agreement or in other international agreements concluded between a Party and by another similar international agreement to which one of the Contracting Parties is signatory.a non-contracting Party, (d) The provisions of Articles Article 3 and 4 of this Agreement shall not oblige the host Contracting Party Republic of Turkey to accord investments of investors of the other Contracting Party the same treatment that it accords to investments of its own investors with regard to acquisition of land, real estates, and real sights rights thereof.

Treatment of Investments. 1. Each Contracting Party shall admit in its territory investments on a basis no less favourable than that accorded in like circumstances to investments of investors of any third State, within the framework of its laws and regulations. 2. Each Contracting Party shall accord to these investments, once established, treatment no less favourable than that accorded in like circumstances to investments of its investors or to investments of investors of any third State, whichever is the most favourable, as regards the management, maintenance, use, operation, enjoyment, extension, sale, liquidation or disposal of the investment. 3. The Contracting Parties shall within the framework of their national legislation give favorable consideration to applications for the entry and sojourn of nationals of either Contracting Party who wish to enter the territory of the other Contracting Party in connection with the making and carrying through of an investment. (a) The provisions of this Article shall not be construed so as to oblige one Contracting Party to extend to the investors of the other Contracting Party the benefit of any treatment, preference or privilege which may be extended by the former Contracting Party by virtue of any international agreement or arrangement relating wholly or mainly to taxation. (b) The non-discrimination, national treatment and most-favored nation treatment provisions of this Agreement shall not apply to all actual or future advantages accorded by either Contracting Party by virtue of its membership of, or association with a customs, economic or monetary union, a common market or a free trade area; to nationals or companies of its own, of Member States of such union, common market or free trade area, or of any other third State. (c) Paragraphs (1) and (2) of this Article shall not apply in respect of dispute settlement provisions between an investor end and the hosting Contracting Party laid down simultaneously by this Agreement and by another similar international agreement to which one of the Contracting Parties is signatory. (d) The provisions of Articles Article 3 and 4 of this Agreement shall not oblige the host either Contracting Party to accord investments of investors of the other Contracting Party the same treatment that it accords to investments of its own investors with regard to acquisition of land, real estates, and real sights rights thereof.