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Canada & China Sign Investment Treaty Provide Protection to Investors against Arbitrary Govt Actions

The Governments of Canada and People Republic of China signed a bilateral investment treaty, the Canada-China Foreign Investment Promotion and Protection Agreement (Canada-China FIPA) on September 8, 2012.

 
 
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PRLog - Oct. 3, 2012 - (Sunnyvale, CA)- The Governments of Canada and People Republic of China signed a bilateral investment treaty, the Canada-China Foreign Investment Promotion and Protection Agreement (Canada-China FIPA) on September 8, 2012. Specific provisions of the treaty will be announced once it gets approved by the parliaments of both the countries.

The Canada-China FIPA may include the following provisions:

•   A transparent process for issuing decisions or making laws that can affect investments and investors;
•   Facility for easy transfer of funds generated from investments;
•   Compensation against expropriation of investments;
•   In line with the international regulations, investments will be accorded with a minimum global standard of treatment; and
•   Provision of non-discrimination rights to benefit investors; whereby they do not suffer from notable disadvantages in comparison to the counter party/ foreign country investors.

For more information on this topic email media@nair-co.com
Get the latest press releases and updates on international tax, HR, Finance, compliance and other legal news at Nair & Co. Industry Alerts.

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Source:Nair & Co.
Country:United States
Industry:Business
Tags:PR, press release, Canada and China Investment Treaty, Canada-China FIPA, Canada-China Foreign
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