Common use of Exceptions Clause in Contracts

Exceptions. The provisions of this Agreement relative to the grant of treatment not less favorable than that accorded to the investors of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors of the other the benefit of any treatment, preference or privilege resulting from: (a) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative relating to the grant of treatment not less favorable favourable treatment than that accorded to the investors of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party contracting party to extend to the investors of the other the benefit treatment of any treatmentbenefit or privilege, preference or privilege resulting from: (a) Any existing or future customs union or common market, free trade area to cualescualesquiera of the contracting parties or may become a party; or (b) Any international agreement or arrangement relating wholly or mainly to taxation cuestionestributarias, or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit of any treatment, preference or privilege resulting from: (a) Any existing or future customs union or similar international agreement to which either of the Contracting Parties is or may become a party; or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit of any treatment, preference or privilege resulting from: (a) Any existing or future customs union or similar international agreement to which either of the Contracting Parties is or may become a party, or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant granting of treatment not less favorable favourable than that accorded to the investors of either each Contracting Party or of any third State 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 resulting from: (a) Membership of any existing or future Regional Economic Integration Organisation or customs union of which one of the Contracting Parties is or may become a party, or b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant granting of treatment not less favorable favourable than that accorded to the investors of either each Contracting Party or of any third State 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 resulting from: (a) Any membership of any existing or future Regional Economic Integration Organisation or customs union of which one of the Contracting Parties is or may become a party, or b) any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant granting of treatment not less favorable favourable than that accorded to the investors of either each Contracting Party or of any third State 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 resulting from: (a) Membership of any existing or future Regional Economic Integration Organisation or customs union of which one of the Contracting Parties is or may become a party, or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions provision of this Agreement relative relating to the grant of treatment not less favorable than that accorded to the investors of either Contracting Party or of any third State state shall not be construed so as to oblige one Contracting Party to extend to the investors of the other the benefit of any treatment, preference or privilege resulting fromfrom any international agreement or arrangement relating to: (a) Any existing or future customs union, regional economic organisation, free trade area agreement, or similar international agreement to which either of the Contracting Parties is or may become a party, or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit of any treatment, preference or privilege resulting from: (a) Any existing or future customs union or similar international agreement to which either of the Contracting Parties is or may become a party, or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors of either Contracting Party or of any third State 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 resulting from: (a) Any existing or future customs union, regional economic organisations, or similar international agreement to which either of the Contracting Parties is or may become a party, or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of in this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors of either Contracting Party or to investors of any third other State shall not be construed so as to oblige one Contracting Party to extend to the investors of the other the benefit of any treatment, preference or privilege resulting from: (a) Any from any agreement establishing a free trade area, a customs union or a common market or any international agreement or arrangement relating wholly or mainly to taxation or any taxation. Nor, while both Contracting Parties recognize the obligation to grant treatment in accordance with Article 3(1) of this Agreement, shall either Contracting Party be obliged to apply such provisions in relation to domestic legislation relating related wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit of any treatment, preference or privilege resulting from: (a) Any any existing or future customs union or similar international agreement to which either of the Contracting Parties is or may become a party, or (b) any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit of any treatment, preference or privilege resulting from: (a) Any any existing or future customs union or similar international agreement to which either of the Contracting Parties is or may become a party; or (b) any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors Nationals or Companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors Nationals or Companies of the other the benefit of any treatment, preference or privilege resulting from: (a) Any existing or future customs union or similar international agreement to which either of the Contracting Parties is or may become a party; or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions Provisions of this Agreement relative to the grant granting of treatment not less favorable favourable than that accorded to the investors of either each Contracting Party or of any third State 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 resulting from: (a) Any membership of any existing or future Regional Economic Integration Organisation or customs union o! which one of the Contracting Parties B or may become a party, or b) any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative relating to the grant of treatment not less favorable favourable than that accorded to the investors of either Contracting Party or of any third State 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 resulting from: (a) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or regional cooperation organisation or similar international agreement to which either of the Contracting Party Parties is or may become a party; or (b) any international agreement or arrangement, or any domestic legislation, relating wholly or mainly to taxation.

Exceptions. The provisions of in this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors of either Contracting Party or to investors of any third other State shall not be construed so as to oblige one Contracting Party to extend to the investors of the other the benefit of any treatment, preference or privilege resulting from: (a) Any from any agreement establishing a free trade territory, a customs union or a common market or any international agreement or arrangement relating wholly or mainly to taxation or any taxation. Nor, while both Contracting Parties recognize the obligation to grant treatment in accordance with Article 3 (1) of this Agreement, shall either Contracting Party be obliged to apply such provisions in relation to domestic legislation relating related wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of in this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit of any treatment, preference or privilege resulting from: (a) Any existing or future customs union or similar international agreement to which either of the Contracting Parties is or may become a party, or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant granting of treatment not less favorable favourable than that accorded to the investors of either each Contracting Party or of any third State 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 resulting from: (a) Membership of any existing or future regional economic integration organisation, customs union or free trade area of which one of the Contracting Parties is or may become a party, or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant of treatment not no less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third Third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit of any treatment, preference or privilege resulting from: (a) Any existing or future customs union or free trade area, common market or any other form of regional economic organization to which either of the Contracting Parties is or may become a party, or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to regarding the grant provision of treatment not no less favorable than that accorded to the investors of either the Contracting Party Parties themselves or to investors of any third State shall States should 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 resulting from: (a) Any any existing or future customs union, common market, free trade zone, economic union or other forms of regional economic cooperation, or any agreement, which aims to create in the future a regional structure, or b) any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit of any treatment, preference or privilege resulting from: (a) Any existing or future customs union or similar international agreement to which either of the Contracting Parties is or may become a party; or (b) any international agreement or arrangement relating wholly or mainly to to. taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors of the other the benefit of any treatment, preference or privilege resulting from: (a) Any existing or future customs union or similar international agreement to which either of the Contracting Parties is or may become a party, or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant granting of treatment not less favorable favourable than that accorded to the investors of either Contracting Party or of any third State 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 resulting from: (a) Any any existing or future customs union, regional economic organisations, or similar international agreement to which either of the Contracting Parties is or may become a party, or (b) any international agreement en arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant of treatment not less favorable than that accorded to the investors of either Contracting Party or of any third State treatment, as provided for in Articles 3 and 4, shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit of any treatment, preference or privilege resulting from: (a) Any existing or future customs union, common market or free trade zone or similar international agreement to which either of the Contracting Parties is or may become a party; or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant granting of treatment not less favorable favourable than that accorded to the investors of either each Contracting Party or of any third State 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 resulting from: (a) Any international agreement or arrangement relating wholly or mainly to taxation or Membership of any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future regional economic integration organisation or customs union, free trade area agreement or similar international agreement to union of which either one of the Contracting Party Parties is or may become a party, or (b) Any matter pertaining wholly or mainly to taxation.

Exceptions. The provisions of in this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors of either Contracting Party or of any third State 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 resulting from: (a) Any existing or future customs union, regional economic organisation, or similar international agreement to which either of the Contracting Parties is or may become a party, or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of in this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit of any treatment, preference or privilege resulting from: (a) Any existing or future customs union or similar international agreement to which either of the Contracting Parties is or may become a party; or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative relating to the grant of treatment not less favorable favourable than that accorded to the investors of either Contracting Party State or of any third State shall not be construed so as to oblige one Contracting Party State to extend to the investors of the other the benefit of any treatment, preference or privilege resulting from: (a) Any existing or future customs union, regional economic organization or similar international Agreement to which either of the Contracting States is or may become a party, or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to regarding the grant provision of treatment not no less favorable than that accorded to the investors of either themselves Contracting Party or investors of any third State 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 resulting fromarising any of: (a) Any existing or possible future customs union or a free trade agreement, or an agreement on common export tariffs or other forms of regional cooperation, which can join any Contracting Party; b) an international agreement treaty or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of in this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit of any treatment, preference or privilege resulting from: (a) Any existing or future customs union or similar international agreement to which either of the Contracting Parties is or may become a party; or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals Or companies of the other the benefit of any treatment, preference or privilege resulting from: (a) Any existing or future customs union or similar international agreement to which either of the Contracting Parties is or may become a party, or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit of any treatment, preference or privilege resulting from: (a) Any any existing or future customs union or similar international agreement to which either of the Contracting Party is or may become a party; or (b) any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other other, the benefit of any treatment, preference or privilege resulting from: (a) Any existing or future customs union or similar international agreement to which either of the Contracting Parties is or may become a party, or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant granting of treatment not no less favorable favourable than that accorded to the investors of either Contracting Party or of any third State 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 resulting from: (a) Any a. any existing or future customs union, free trade area, common external tariff area, monetary union, cross border trade arrangement. similar international agreement or other form of similar regional cooperation to which either of the Contracting Parties is party; or b. any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of in this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors of either Contracting Party or of any third State 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 resulting from: (a) Any existing or future customs union, organisation for mutual economic assistance or similar international agreement to which either of the Contracting Parties is or may become a party, or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit of any treatment, preference or privilege resulting from: (a) a. Any existing or future customs union or similar international agreement to which either of the Contracting Parties is or may become a party, or b. Any international agreement or arrangement relating wholly or mainly to taxation or any existing domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of in this Agreement relative to the grant of treatment not no less favorable favourable than that accorded to the investors of either Contracting Party or of any third State 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 privilige resulting from: (a) Any existing or future customs union, organisation for mutual economic assistance or similar international agreement to which either of the Contracting Parties is or may become a party, or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to regarding the grant provision of treatment not no less favorable than that accorded to the investors of either themselves Contracting Party or investors of any third State 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 resulting fromarising of: (a) Any any existing or possible future free trade agreement, a customs or economic union or a similar regional organization to which is or may become in the future one of the Contracting Parties; b) any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a partyon these issues.

Exceptions. The provisions of this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors of the other the benefit of any treatment, preference or privilege resulting from: (a) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing exisiting or future customs union, free trade area agreement or economic union or similar international agreement to which either of the Contracting Party Parties is or may become a partyParty, or (b) Any international agreement or arrangement, or any domestic legislation, relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relative relating to the grant of treatment not less favorable favourable treatment than that accorded to the investors of either any Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party contracting party to extend to the investors of the other Contracting Party the benefit of any treatment, preference or privilege resulting from: (a) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs unionunion or common market, free trade area agreement or similar international agreement to of which either Contracting Party contracting laparte is or may become a party; or (b) Any international agreement or arrangement or wholly oprincipalmente any domestic legislation relating to taxation.

Exceptions. The provisions of in this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit of any treatment, preference or privilege resulting from: (a) Any any existing or future customs union or similar international agreement to which either of the Contracting Parties is or may become a party, or (b) any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of in this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit of any treatment, preference or privilege resulting from: (a) Any from any existing or future customs union or similar international agreement to which either of the Contracting Parties is or may become a party, or any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative in relation to the grant granting of treatment not less favorable favourable than that accorded to the investors of either each Contracting Party or of any third State 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 resulting from: (a) Any membership of any existing or future regional economic integration organisation or customs union of which one of the Contracting Parties is or may become a party, or b) any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative relating to the grant of treatment not less favorable favourable treatment than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit treatment of any treatmentbenefit or privilege, preference or privilege resulting from: (a) Any customs union or similar to existing or future international agreement which is or becomes a party any of the Contracting Parties; or b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant granting of treatment not no less favorable favourable than that accorded to the investors of either Contracting Party or of any third State 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 resulting from: (a) a. Any existing or future customs union, free trade area, common external tariff area, monetary union, cross border trade arrangement, similar international agreement or other form of similar regional cooperation to which either of the Contracting Parties is party; or b. Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed constructed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit of any treatment, preference or privilege resulting from: (a) Any any existing or future customs union or similar international agreement to which either of the Contracting Parties is or may become a party; or (b) any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of in this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit of any treatment, preference or privilege resulting from: (a) Any any existing or future customs union free trade area, low common internal tariff area, or a monetary union or similar international agreement to which either of the Contracting Parties is or may become a party, or (b) any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of in this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors of the other the benefit of any treatment, preference or privilege resulting from: (a) Any existing or future customs union, regional economic organisation, or similar international agreement to which either of the Contracting Parties is or may become a party; or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors of the other the benefit of any treatment, preference or privilege resulting from: (a) Any any existing or future customs union or similar international agreement to which either of the Contracting Parties is or may become a party; or (b) any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to Mite the investors nationals or companies of the other the benefit of any treatment, preference or privilege resulting from:from - (a) Any any existing or future customs union or similar international agreement to which either of the Contracting Parties is or may become a party, or (b) any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of in this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so SO as to oblige one Contracting Party to extend to the investors nationals or companies of the other Party the benefit of any treatment, preference or privilege resulting fromfrom : (a) Any any existing or future customs union or similar international agreement Agreement to which either of the Contracting- Parties is or arrangement may become a party, or (b) any international Agreement or Arrangement relating legislation relating wholly or mainly to taxation. wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.domestic

Exceptions. The provisions of this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors of the other the benefit of any treatment, preference or privilege resulting from: (a) Any existing or future customs union or similar international agreement to which either of the Contracting Parties is or may become a party; or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative relating to the grant of treatment not less favorable favourable treatment than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party contracting party to extend to the investors nationals or companies of the other Contracting Party the benefit of any treatment, preference or privilege resulting from: (a) Any customs union or common market, free trade area or similar international agreement or any existing in the future, which is or becomes a party of any contracting parties; or b) Any international agreement, arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly partially to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of in this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit of any treatment, preference or privilege resulting from: from (a) Any any existing or future customs union or similar international agreement to which either of the Contracting Parties is or may become a party, or (b) any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant granting of treatment not less favorable favourable than that accorded to the investors of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors of the other the benefit of any treatment, preference or privilege resulting from: (a) Any any existing or future customs union or agreement regarding the formation of a free trade area or other forms of regional economic co-operation to which either of the Contracting Parties is or may become a party, or (b) any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit of any treatment, preference or privilege resulting from: (a) Any existing or future customs union or similar international agreement to which either of the Contracting Parties is or may become a party; or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit of any treatment, preference or privilege resulting from: (a) Any a. any existing or future customs union or similar international agreement to which either of the Contracting Parties is or may become a party, or b. any international agreement or arrangement relating wholly or mainly to taxation or any existing domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions provision of this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit of any treatment, preference or privilege resulting from: (a) Any existing or future customs union or similar international agreement to which either of the Contracting Parties is or may become a party, or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of in this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit of any treatment, preference or privilege resulting from: (a) Any existing or future customs union or similar international agreement to which either of the Contracting Parties is or may become a party, or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit of any treatment, preference or privilege resulting from: (a) Any existing or future customs union, common market or cross-border or regional functional co-operation agreement or similar international agreement to which either of the Contracting Parties is or may become a party, or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit of any treatment, preference or privilege resulting from: (a) Any existing or future customs union or similiar international agreement to which either of the Contracting Parties is or may become a party, or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant granting of treatment not less favorable favourable than that accorded to the investors of either Contracting Party nationals or companies of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit of any treatment, preference or privilege resulting from: (a) Any existing or future customs union or agreement regarding the formation of a free trade area or other forms of regional co-operation to which either of the Contracting Parties is or may become a party, or b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of in this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit of any treatment, preference or privilege resulting from: (a) Any existing or future customs union or similar international agreement to which either of the Contracting Parties is or may become a party, or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant of treatment not no less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit of any treatment, preference or privilege resulting from: (a) Any existing or future customs union or similar international agreement to which either of the Contracting Parties is or may become a party, or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors of either Contracting Party nationals or companies of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit of any treatment, preference or privilege resulting from: (a) Any existing or future customs union or agreement regarding the formation of a free trade area to which either of the Contracting Parties is or may become a party, or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. 1. The provisions of this Agreement relative to regarding the grant provision of treatment not no less favorable than that accorded to the its own investors of either Contracting Party or investors of any third State 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 resulting privilege, arising from: (a) Any any existing or possible future free trade agreement, a customs or economic union or a similar regional organization to which is or may become in the future one of the Contracting Parties, or b) any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a partyon these issues.

Exceptions. The provisions of in this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other Party the benefit of any treatment, preference or privilege resulting from: (a) Any existing or future customs union or similar international agreement Agreement to which either of the Contracting Parties is or arrangement may become a party, or (b) Any international Agreement or Arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of in this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit benefits of any treatment, preference or privilege resulting from: (a) Any existing or future customs union or similar international agreement to which either of the Contracting Parties is or may become a party; or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of in this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors nationals or companies of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors nationals or companies of the other the benefit of any treatment, preference or of privilege resulting from: (a) Any existing or future customs union or similar international agreement to which either of the Contracting Parties is or may become a party, or (b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.

Exceptions. The provisions of this Agreement relative to the grant of treatment not less favorable favourable than that accorded to the investors of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors of the other the benefit of any treatment, preference or privilege resulting from: (a) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing exisiting or future customs union, free trade area agreement or economic union or similar international agreement to which either of the Contracting Party Parties is or may become a partyParty, or (b) any international agreement or arrangement, or any domestic legislation, relating wholly or mainly to taxation.

Exceptions. The provisions of this Agreement relative to the grant granting of treatment not less favorable favourable than that accorded to the investors of either Contracting Party or of any third State shall not be construed so as to oblige one Contracting Party to extend to the investors of the other the benefit of any treatment, preference or privilege resulting from: (a) Any existing or future customs union or agreement regarding the formation of a free trade area or other forms of regional co-operation to which either of the Contracting Parties is or may become a party, or b) Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation; (b) Any existing or future customs union, free trade area agreement or similar international agreement to which either Contracting Party is or may become a party.