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

PRLog (Press Release) - 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.

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