2.
Except where the rights of a Host State are expressly stated as an exception
to the obligations of this Annex, a Host State's pursuit of its rights to regulate
shall be understood as embodied within a balance of the rights and
obligations of investors and investments and Host States, as set out in this
Annex.
3.
Non-discriminatory measures taken by a State Party to comply with its
international obligations under other treaties shall not constitute a breach of
this Annex.
ARTICLE 13 ·
CAPITAL MOVEMENTS
1.
Each State Party shall ensure that investors are allowed facilities in relation to
repatriation of investments, compensation and returns in accordance with the
rules and regulations stipulated by the Host State.
2.
Notwithstanding the provisions of paragraph 1, State Parties may regulate
repatriation of investments and returns subject to their domestic laws and
regulations, when necessitated by economic constraints that include but are
not limited to:
(a)
difficulties for balance of payment purposes;
(b)
external financial difficulties; or
(c)
difficulties for macroeconomic management including monetary policy
or exchange rate policy.
ARTICLE 14
COMPETITION POLICY
State Parties undertake, through co-operation, to advance a competition policy in
the Region.
ARTICLE 15
INTRA-REGIONAL AND EXTRA-REGIONAL AGREEMENTS FOR THE
AVOIDANCE OF DOUBLE TAXATION
1.
State Parties undertake to conclude between themselves agreements for the
·avoidance of double taxation in line with their undertakings as set out in
Annex 3 of the Protocol, with a view to encouraging the movement of capital
within the Region, particularly to the least-developed countries.
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