New Delhi, 26 March 1968The Government of India and the Government of the Republic of the Philippines (hereafter referred to as contracting parties) have agreed, within the framework of their respective laws and regulations, on the desire to develop and develop trade and economic relations between the two countries in their mutual interest:Article Ibeide the contracting parties, as part of their respective laws and regulations, have taken the necessary steps for the importation/export of goods, products listed in the attached flight plans A and B that are part of the prohibition or restriction Agreement.No, whether they take effect by quotas, importing export certificates or other measures, are imported or maintained by the government of one of the two countries for importing a product from the other country or for the export or sale of products destined for the other. With regard to the distribution of foreign exchange for transactions related to the import or export of goods and the management of foreign exchange restrictions related to these transactions, the government of each country treats the other country no less favourably than it gives to a third country. Article IISee contracting parties put in place reasonable arrangements for the importation and export of one or more goods that are not expressly mentioned in Flight Plans A and B. Article III Contracting parties encourage and facilitate, subject to their legislation, reciprocal exchanges of goods and services for the development and expansion of trade and the diversification of trade between the two countries and take into account, for this purpose, proposals that can be made from time to time by both parties for this purpose. Article IV The contracting parties unconditionally agree that a third country treats themselves no less favourably with respect to: (a) tariffs and taxes of any kind collected or levied for or in connection with import or export or imposed on the international transfer of import or export payments; b) the method of collecting these duties and taxes; (c) all import and export provisions and formalities; (d) the application of internal taxes on exported goods; (e) all internal and other internal taxes of any kind levied for or in relation to imported goods; (e) all internal and other internal taxes of any kind levied for or in relation to imported goods; (f) all laws, regulations and requirements relating to the internal sale, offer to sell, purchase, distribute or use imported goods. This provision does not apply to the maintenance of: (a) privileges granted or likely to be granted by either of the contracting parties in order to facilitate border trade; (b) the preferences, benefits, privileges or immunities that a party grants to a third country that exists at the time of this agreement or replaces; (c) any benefit or preference granted under a customs union or free trade area in which the contracting party is or may become a contracting party; and (d) any advantage or preference granted under a system of trade expansion and economic cooperation between developing countries open to the participation of all developing countries to which one of the contracting parties can or can be heard. Article VSe contracting parties agree to explore the means and take the necessary measures for the most convenient and economical transport of goods between the two countries. Article VIMercantile Ships of both countries, upon entry, stay or exit at the ports of both countries, will benefit from the facilities most privileged by their respective laws, rules and rules for vessels flying the flag of a third country.