National Treatment under GATT and NAFTA: A Discussion Comment
Article from: TDM 3 (2004), in Investor-State Disputes - International Investment Law
Introduction
National Treatment is a simple concept that developed out of GATT practice. National Treatment protects foreigners against discrimination favouring any local competing product, service provider or investor. National Treatment is applied to defined classes of like products or investments in like circumstances. Thus, the National Treatment obligation requires that imported products be accorded no less favourable treatment than that accorded to like domestic products and NAFTA investors and investments in like circumstances are entitled to no less favourable treatment ...