Current Payments. 1 Subject to the provisions of Articles 70 and 71, the Parties undertake to impose no restrictions on and to allow all payments for current transactions between their residents to be made in freely convertible currency.
Appears in 4 contracts
Sources: Economic Partnership Agreement, Economic Partnership Agreement, Economic Partnership Agreement
Current Payments. 1 1. Subject to the provisions of Articles 70 and 71, the Parties undertake to impose no restrictions on and to allow all payments for current transactions between their residents to be made in freely convertible currency.
2. The Parties may take the necessary measures to ensure that the provisions of paragraph 1 are not used to make transfers that are not compliant with a Partyâs laws and regulations.
Appears in 3 contracts
Sources: Economic Partnership Agreement, Economic Partnership Agreement, Economic Partnership Agreement