Common use of Balance of Payments Difficulties Clause in Contracts

Balance of Payments Difficulties. Where either Party is in a serious balance of payments difficulties or under threat thereof, the Party concerned may in accordance with the conditions laid down within the framework of WTO/GATT 1994 and with Articles VIII and XIV of the Articles of Agreement of International Monetary Fund, adopt restrictive measures, which shall be of limited duration and may not go beyond what is necessary to remedy the balance of payments situation. The Party concerned shall inform the other Party forthwith of their introduction and present to the other Party, as soon as possible, a time schedule of their removal.

Balance of Payments Difficulties. Where either Party is in a serious balance of payments difficulties or under threat thereof, the Party concerned may in accordance with the conditions laid down within the framework of WTO/GATT 1994 and with Articles VIII and XIV of the Articles of Agreement of International Monetary Fund, adopt restrictive measures, which shall be of limited duration and may not go beyond what is necessary to remedy the balance of payments situation. The Party concerned shall inform the other Party forthwith of their introduction and present submit to the other Party, as soon as possible, a time schedule of their removal.

Balance of Payments Difficulties. Where either a Party is in a serious balance of payments difficulties difficulties, or under threat thereof, the Party concerned may it may, in accordance conformity with the conditions laid down within the framework of WTO/the GATT 1994 1994, the GATS and with Articles VIII and XIV the Agreement of the Articles of Agreement of International Monetary Fund, adopt take restrictive measures, which measures with regard to current payments and capital movements if such measures are strictly necessary. Such measures shall be of limited duration applied on a temporary, equitable and may not go beyond what is necessary to remedy the balance of payments situationnon-discriminatory basis. The Party concerned shall inform the other Party forthwith Parties immediately of their introduction such measures and present to the other Party, shall provide as soon as possible, possible a time schedule of timetable for their removal.

Balance of Payments Difficulties. Where either Party is in a serious balance of payments payment difficulties or under threat thereof, the Party concerned may may, in accordance with the conditions laid down within the framework of WTO/GATT 1994 and with Articles Article VIII and XIV of the Articles of Agreement of International Monetary Fund, adopt restrictive measures, which shall be of limited duration and may not go beyond what is necessary to remedy the balance of payments payment situation. The Party concerned shall inform the other Party forthwith of their introduction and present to the other Party, as soon as possible, of a time schedule of their removal.

Balance of Payments Difficulties. Where either Party is in a serious balance of payments difficulties or under threat thereof, the Party concerned may in accordance with the conditions laid down within the framework of WTO/GATT 1994 and with Articles Article VIII and XIV of the Articles of Agreement of International Monetary Fund, adopt restrictive measures, which shall be of limited duration and may not go beyond what is necessary to remedy the balance of payments situation. The Party concerned shall inform the other Party forthwith of their introduction and present to the other Party, as soon as possible, of a time schedule of their removal.

Balance of Payments Difficulties. Where either Party is in a serious balance of payments difficulties or under threat thereof, the Party concerned may in accordance with the conditions laid down within the framework of WTO/GATT 1994 and with Articles VIII and XIV of the Articles of Agreement of International Monetary Fund1994, adopt restrictive measures, which shall be of limited duration and may not go beyond what is necessary to remedy the balance of payments situation. The Party concerned shall inform the other Party forthwith of their introduction and present to the other Party, as soon as possible, a time schedule of their removal.

Balance of Payments Difficulties. Where either Party is in a serious balance of payments difficulties difficulties, or under threat thereof, the Party concerned may may, in accordance with the conditions laid down within the framework of WTO/GATT 1994 and with Articles VIII and XIV of the Articles of Agreement of International Monetary Fund, adopt restrictive measures, which shall be of limited duration and may not go beyond what is necessary to remedy the balance of payments situation. The Party concerned shall inform the other Party forthwith of their introduction and present to the other Party, as soon as possible, possible a time schedule of their removal.

Balance of Payments Difficulties. Where either Party is in a serious balance of payments difficulties or under threat thereof, the Party concerned may in accordance with the conditions laid down within the framework of WTO/GATT 1994 and with Articles Article VIII and XIV of the Articles of Agreement of International Monetary Fund, adopt restrictive measures, which shall be of limited duration and may not go beyond what is necessary to remedy the balance of payments situation. The Party concerned shall inform the other Party forthwith of their introduction and present to the other Party, as soon as possible, a time schedule of their removal.

Balance of Payments Difficulties. Where either Party is in a serious balance of payments difficulties or under threat thereof, the Party concerned may in accordance with the conditions laid down within the framework of WTO/GATT 1994 and with Articles VIII and XIV of the Articles of Agreement of International Monetary FundWTO Agreement, adopt restrictive measures, which shall be of limited duration and may not go beyond what is necessary to remedy the balance of payments situation. The Party concerned shall inform the other Party forthwith of their introduction and present to the other Party, as soon as possible, a time schedule of their removal.

Balance of Payments Difficulties. Where either Party is in a serious balance of payments difficulties difficulty or under threat thereof, the Party concerned may in accordance with the conditions laid down within the framework of WTO/GATT 1994 and with Articles VIII and XIV of the Articles of Agreement of International Monetary Fund, adopt restrictive measures, which shall be of limited duration and may not go beyond what is necessary to remedy the balance of payments situation. The Party concerned shall inform the other Party forthwith of their introduction and present submit to the other Party, as soon as possible, a time schedule of their removal.

Balance of Payments Difficulties. Where either a Party is in a serious balance of payments difficulties difficulties, or under threat thereof, the Party concerned may it may, in accordance conformity with the conditions laid down within the framework of WTO/the GATT 1994 1994, the GATS and with Articles VIII and XIV the Agreement of the Articles of Agreement of International Monetary Fund, adopt take restrictive measures, which measures with regard to current payments and capital movements if such measures are strictly necessary. Such measures shall be of limited duration applied on a temporary, equitable and may not go beyond what is necessary to remedy the balance of payments situationnon- discriminatory basis. The Party concerned shall inform the other Party forthwith Parties immediately of their introduction such measures and present to the other Party, shall provide as soon as possible, possible a time schedule of timetable for their removal.