Common use of Restrictions to Safeguard the Balance of Payments Clause in Contracts

Restrictions to Safeguard the Balance of Payments. 1. In the event of serious balance of payments and external financial difficulties or threat thereof, a Party may adopt or maintain restrictions on trade in services in respect of which it has obligations under Articles 3 (Market Access) and 4 (National Treatment), including on payments or transfers for transactions relating to such obligations. It is recognized that particular pressures on the balance of payments of a Party in the process of economic development may necessitate the use of restrictions to ensure, inter alia, the maintenance of a level of financial reserves adequate for the implementation of its programme of economic development.

Restrictions to Safeguard the Balance of Payments. 1. In the event of serious balance of balance-of-payments and external financial difficulties or threat thereof, a Party may adopt or maintain restrictions on trade in services in respect of which it has obligations under Articles 3 (Market Access) 5.3 and 4 (National Treatment)5.4, including on payments or transfers for transactions relating to such obligations. It is recognized recognised that particular pressures on the balance of balance-of-payments of a Party in the process of economic development may necessitate the use of restrictions to ensure, inter alia, the maintenance of a level of financial reserves adequate for the implementation of its programme of economic development.

Restrictions to Safeguard the Balance of Payments. 1. In the event of serious balance of balance-of-payments and external financial difficulties or threat thereof, a Party may adopt or maintain restrictions on trade in services in respect of on which it has obligations under Articles 3 (Market Access) and 4 (National Treatment)undertaken [specific] commitments, including on payments or transfers for transactions relating related to such obligationscommitments. It is recognized that particular pressures on the balance of payments of a Party in the process of economic development or economic transition may necessitate the use of restrictions to ensure, inter alia, the maintenance of a level of financial reserves adequate for the implementation of its programme of economic developmentdevelopment or economic transition.

Restrictions to Safeguard the Balance of Payments. 1. In the event of serious balance of balance-of-payments and external financial difficulties or threat thereof, a Party may adopt or maintain restrictions on trade in services in respect of on which it has obligations under Articles 3 (Market Access) and 4 (National Treatment)undertaken specific commitments, including on payments or transfers for transactions relating related to such obligationscommitments. It is recognized that particular pressures pressure on the balance of payments of a Party in the process of economic development or economic transition may necessitate the use of restrictions to ensure, inter alia, the maintenance of a level of financial reserves adequate for the implementation of its programme program of economic developmentdevelopment or economic transition.

Restrictions to Safeguard the Balance of Payments. 1. In the event of serious balance of payments and external financial difficulties or threat thereof, a State Party may adopt or maintain restrictions on trade in services in respect of on which it has obligations under Articles 3 (Market Access) and 4 (National Treatment)undertaken specific commitments, including on payments or transfers for transactions relating related to such obligationscommitments. It is recognized recognised that particular pressures on the balance of payments of a State Party in the process of economic development or economic transition may necessitate the use of restrictions to ensure, inter alia, the maintenance of a level of financial reserves adequate for the implementation of its programme of economic developmentdevelopment or economic transition.