Page:United States Statutes at Large Volume 105 Part 3.djvu/696

 105 STAT. 2580 PROCLAMATION 6307—JUNE 24, 1991 Desiring to create a mutually beneficial framework which will foster the development and expansion of commercial ties between their respective nationals and companies, Having agreed that economic ties are an important and necessary element in the strengthening of their bilateral relations, Have agreed as follows: Article I.—Most Favored Nation and Nondiscriminatory Treatment 1. Each Party shall accord unconditionally to products originating in or exported to the territory of the other Party treatment no less favorable than that accorded to like products originating in or exported to the territory of any third country in all matters relating to: (a) customs duties and charges of any kind imposed on or in connection with importation or exportation, including the method of levying such duties and charges; (b) methods of payment for imports and exports, and the international transfer of such payments; (c) rules and formalities in connection with importation and exportation, including those relating to customs clearance, transit, warehouses and transshipment; (d) taxes and other internal charges of any kind applied directly or indirectly to imported products; and (e) laws, regulations and requirements affecting the sale, offering for sale, purchase, transportation, distribution, storage and use of products in the domestic market. 2. Each Party shall accord to products originating in or exported to the territory of the other Party nondiscriminatory treatment with respect to the application of quantitative restrictions and the granting of licenses. 3. Each Party shall accord to imports of products and services originating in the territory of the other Party most-favored-nation treatment with respect to the availability of and access to the currency needed to pay for such imports. 4. The provisions of paragraphs 1 and 2 shall not apply to: (a) advantages accorded by either Party by virtue of such Party's full membership in a customs union or free trade area; (b) advantages accorded to adjacent coimfries for the facilitation of frontier traffic; and (c) actions by either Party which are required or specifically permitted by the GATT (or by any joint action or decision of the Contracting Parties to the GATT) during such time as such Party is a Contracting Party to the GATT, including advantages accorded to developing countries; equivalent advantages accorded to developing countries under other multilateral agreements; and special advantages accorded by virtue of the GATT. 5. The provisions of paragraph 2 of this Article shall not apply to trade in textiles and textile products.

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