その他令和8年7月3日
投資協定の定義および国民待遇・最恵国待遇に関する条項
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(t) the term "UNCITRAL Arbitration Rules" means the Arbitration Rules of
the United Nations Commission on International Trade Law;
(u) the term "CPC" means the Provisional Central Product Classification
(Statistical Papers Series M No. 77, Department of International Economic
and Social Affairs, Statistical Office of the United Nations, New York,
1991); and
(v) the term "JSIC" mean Standard Indard Industrial Classification set out by
the Ministry of Internal Affairs and Communications of Japan, and revised
on July 27,2023.
Article 2
Promotion and Admission of Investment
1. Each Contracting Party shall encourage and create favourable conditions for
investors of the other Contracting Party to make investments in its Area.
2. Each Contracting Party shall, subject to its rights to exercise powers in accordance
with its applicable laws and regulations, including those with regard to foreign ownership
and control, admit investment of investors of the other Contracting Party
Article 3
National Treatment
1. Each Contracting Party shall in its Area accord to investors of the other
Contracting Party and to their investments treatment no less favourable than the treatment
it accords in like circumstances to its own investors and to their investments with respect
to investment activities.
2. Paragraph 1 shall not be construed to prevent a Contracting Party from adopting
or maintaining a measure that prescribes special formalities in connection with
investment activities of investors of the other Contracting Party in its Area, provided that
such special formalities do not impair the substance of the rights of such investors under
this Agreement.
3. For greater certainty, whether treatment is accorded in "like circumstances" under
this Article depends on the totality of the circumstances, including whether the relevant
treatment distinguishes between investments or investors on the basis of legitimate public
welfare objectives
Article 4
Most-Favoured-Nation Treatment
1. Each Contracting Party shall in its Area accord to investors of the other
Contracting Party and to their investments treatment no less favourable than the treatment
it accords in like circumstances to investors of a non-Contracting Party and to their
investments with respect to investment activities.
2. Each Contracting Party shall in its Area accord to investors of the other
Contracting Party and to their investments treatment no less favourable than the treatment
it accords in like circumstances to investors of a non-Contracting Party and to their
investments with respect to the matters relating to the admission of investment.
3. The provisions of paragraph 2 shall not apply to:
(a) measures related to:
(i) the acquisition or lease of land properties;
(ii) subsidies; or
(iii) government procurement;
(b) any treatment accorded by a Contracting Party to investors of a non-
Contracting Party and to their investments on the basis of reciprocity:
(c) any preferential treatment resulting from the membership to any bilateral
or multilateral international agreement involving aviation, fisheries or
maritime matters, including salvage;
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