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.
(prHWY.com) October 3, 2012 - Sunnyvale, CA -- (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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