TNAG-2827-FCO40-4080-Investment-Protection-and-Promotion-Agreements-(IPPA)-betwee-1993 — Page 11

Amended Articles of HK/Sweden, IPPA

ARTICLE 3

Treatment of Investments

(1)

Neither

investments

Contracting Party

or

returns of

shall in its area subject

investors of the other

Contracting Party

to treatment less favourable than that

which it accords to investments or returns of its own investors or to investments or returns of investors of any

other State.

(2) Neither Contracting Party shall in its area subject investors of the other Contracting Party, as regards their management, maintenance, use, enjoyment or disposal of

treatment less favourable than that

its own investors or to investors of

their investments, to

which it accords to

any other State.

ARTICLE 7

Exceptions

The

provisions in

treatment not less

this Agreement relative to the grant of

favourable than that accorded to the

investors of either Contracting Party or to investors of

any other State shall not be construed so as to oblige one

Contracting Party το extend to the investors of the other

the benefit of any treatment, preference or privilege

resulting from :

(a)

any international

(b)

agreement or arrangement relating wholly or mainly to taxation or any

domestic legislation relating wholly or mainly to taxation;

any international agreement

or arrangement

establishing

common market, free trade area

or customs union.