Common use of Transitional Period Clause in Contracts

Transitional Period. 1. Notwithstanding the provisions on national treatment set out in Article 6.4, GCC Member States may grant, for a transitional period not exceeding ten years from the date of entry into force of this Agreement, a price preference programme in favour of their domestic goods and services.

Transitional Period. 1. Notwithstanding the provisions on national treatment set out in Article 6.4, GCC Member States may grant, for a transitional period not exceeding ten years from the date of entry into force of this Agreement, a price preference programme in favour of their domestic goods and services. 2. A price preference granted under this article shall not exceed 10% of the value of the goods and services produced domestically.