Page:United States Statutes at Large Volume 115 Part 3.djvu/664

 115 STAT. 2738 PROCLAMATION 7449—JUNE 8, 2001 Ajr ticl c2 Most-Favored-Nation Treatment With respect to any measure covered by tlas Chapter, each Party shall accord inmiediately and unconditionally to services and service suppliers of the other Party treatment no less bvorable than that it accords to like services and service suppliers of any other country. A Parly may maintain a measure inconsistent with paragraph 1provided that such a measure is listed in Listing of Article 2 Exemptions in Annex G. The provisions of this Chapter shall not be so construed as to prevent either Party from conferring or according advantages to adjacent coumries in order to facilitate exchanges limited to contiguous frontier zones of services that are both locally produced and co nsu med. Article 3 Economic Integration This Chapter shall not apply to advanuges accorded by either Party by virtue of such Party's membership in, or having entered into, an agreement liberalizing trade in services between or among the parties to such an agreement, provided that such an agreement: A has substantial sectoral coverage,' and B provides for the absence or elimination of substantially all discrimination, in the sense of Article 7, between or among the parties, in the sectors covered under subparagraph (A), through: i) elimination of existing discriminatory measures, and/or ii) prohibition of new or more discriminatory measures, either at the entry ituo force of that agreement or on the basis of a reasonable timeframe, except for measures permitted under Articles 1,2, and 3 of Chapter Vn A service supplier of any Party that is ajuridical person constituted under the laws of a party to an agreement referred 10 in paragraph 1shall be entitled to treatment granted under such agreement, provided that it engages in substantive business operations in the territory of the parties to such agreement. ~ This condition is understood in tefins of number of sectors, volume ef trade affected and modes of supply In order te meet (his condition, agreements should not provide for the s prieh exclusion of any mode of supply - 35-

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