National Treatment and Most-favoured-nation Treatment. Each Contracting Party shall apply to the nationals and companies of the other Contracting Party, with respect to their investments, once admitted in accordance with the legislation of the Contracting Party on the territory or in the maritime area of which the investment is made, and activities related to the investments, a treatment not less favorable than that granted to its nationals or companies, or the treatment granted to the nationals or companies of the most favored nation, if the latter is more favorable. This treatment shall not include the privileges granted by one Contracting Party to nationals or companies of a third party State by virtue of its participation or association in a free trade zone, customs union, common market or any other form of regional economic organization . The provisions of this Article do not apply to tax matters.
Appears in 3 contracts
