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Promotion and Reciprocal Protection of Investment

Mar 29, 2011 1:54:43 AM - news.lk

Agreement between SL and Czech signed

An Agreement for the Promotion and Reciprocal Protection of Investment between Sri Lanka and the Czech Republic was signed between the Minister of External Afairs Prof.G.L.Peiris and the Minister of Finance of the Czech Republic, Miroslav Kalousek at the Ministry of Finance in Prague on Monday.  The agreement provides for full protection of foreign investment, guarantees against expropriation, granting of Most Favoured Nation (MFN) and National Treatment to investors and their investments and also provides dispute settlement mechanisms.