Page:United States Statutes at Large Volume 115 Part 3.djvu/708

 115 STAT. 2782 PROCLAMATION 7449-^JUNE 8, 2001 UNITED STATES The Government of the United States of America may adopt or maimain exceptions to the obligation to accord national treatment' to covered investments in the sectors or with respect to the matters specified below: atomic energy; customhouse brokers; licenses for broadcast, common carrier, or aeronautical radio stations, COMSAT; subsidies or grants, including government-supported loans, guarantees and insurance; landing of submarine cables; and state and local measures as to which the United States may adopt or maintain exceptions to national treatment under any of its bilateral investment treaties signed between 1 January I99S, and thedate of entry intoforce of this Agreement Most favored nation treatment shall be accorded in the sectors and matters indicated above The Government of the United States of America may adopt or maintain exceptions to the obligation to accord national and most &vored lution treatment to covered investments in the sectors or with respect to the matters specified below: fisheries, air and maritime transport, and related activities;banking, insurance, securities, and other financial services, leasing of minerals and pipeline rightsof-way on government lands, and one-way satellite transmissions of direct-to- home (DTH) and direct broadcast satellite (DBS) television services and of digital audio services. With respect to thetreatment accorded bya State, Territory or Possession of the United States, national treatment means treatment no less favorable than the treatment accorded thereby, in like situations, to investments of nationals of the United States resident in, and companies legally constituted under the laws and regulations of other Slates, Territories or Possessions of the United States

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