Para. 1 of the protocol to Art. 12 (Royalties) of the Czech Republic-Belgium tax treaty provides most-favoured-nation treatment as follows:
| - | If in the event that, after the signing of this Convention, the Czech Republic signs with a third State an Agreement which limits the taxation of royalties arising in the Czech Republic to a rate lower, including exemption, than the rate provided for in subparagraph a)… |