6.
7.
8.
9.
10.
11.
Companies and firms established in accordance with the national
laws of a Partner State and having their registered office, central
administration or principal place of business and which undertake
substantial economic activities in the Partner State shall, for
purposes of establishment, be accorded non discriminatory
treatment in other Partner States.
For the purposes of undertaking any economic activity in
accordance with the provisions of this Article, the Partner States
shall mutually recognize the relevant experience obtained,
requirements met, licenses and certificates granted to a company
or firm in the other Partner States.
The right of establishment shall be subject to limitations imposed by
the host Partner State on grounds of public policy, public security or
public health.
A Partner State imposing a limitation under paragraph 8, shall notify
the other Partner States accordingly.
The provisions of this Protocol shall not prejudice the application of
national laws and administrative procedures and practices
providing for special treatment for third parties accorded by
individual Partner States on grounds of public policy, public security
or public health.
For the purposes of this Article, the Partner States shall:
(a)
(b)
remove the administrative procedures and practices,
resulting from national laws or from agreements previously
concluded between the Partner States, that form an obstacle
to the right of establishment;
progressively remove any administrative procedures and
practices resulting from national laws that restrict the right
of establishment, in respect of the conditions for:
(i)
setting up agencies, branches or subsidiaries of
companies or firms in their territories; and
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