Declaration made upon accession:
"the Republic of Palau […] undertakes to apply [the provisions of the Convention], on the basis of reciprocity, only to the recognition and enforcement of arbitral awards made in the territory of another Contracting State; the Republic of Palau will apply the Convention only to differences arising out of legal relationships, whether contractual or not, which are considered as commercial under the laws of the Republic of Palau; and the Convention will be applied only to those arbitral awards which were adopted after the coming of the Convention into effect."
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