Each Party s hall respectively bear and pay any and all Taxes, expenses and costs in connection wit h its negotiation, pr e paration, e x e cution and performance of this Agre e ment under app l icable Laws unless otherwise pro v ided. “ Ta xes ” means (i) any nationa l , provincial , municipal , or loca l taxe s , charges , fe es , levie s , or other asses s ments, in c luding , without limitation , all income tax (including enterpri s e income tax and withholding tax) , turnover tax (including value - added tax , busines s tax, and consumption tax), tariffs (including import duty and import va l ue-added tax) or oth e r as ses sments of any kind whatso e ver, and (ii) all inter e st, penalties or addit i onal amounts imposed by any go ve rnm e n t of any nation or any province or location thereof , in connection with any item de sc ribed in clause (i ) above.