- 1
- The competent authorities of both Contracting Parties shall resolve, to the extent possible, any dispute which arises in interpreting or applying this Agreement according to its spirit and fundamental principles.
- 2
- If any dispute cannot be resolved in accordance with paragraph 1, it shall be submitted to an arbitration tribunal whose composition and procedure shall be agreed upon by the Contracting Parties. The arbitration tribunal shall settle the dispute in accordance with the spirit and fundamental principles of this Agreement. The arbitration shall be final and binding for the Contracting Parties involved.
