Myanmar and the European Union have begun negotiations on an investment protection agreement, the EU said in a news release.
It said the Minister of National Planning and Economic Development, Dr Kan Zaw, and the EU Trade Commissioner Karel De Gucht, are leading the negotiations, which began in Nay Pyi Taw on March 20.
The agreement will offer EU investors protection against discrimination, expropriation without compensation, unfair and inequitable treatment and for the possibility of transferring capital, the release said.
It said that by improving the protection and fair treatment of investors from both sides, the agreement will contribute to attracting investment to Myanmar and the EU.
"This investment agreement could become an important accelerator for the reform process in Myanmar," Mr De Gucht was quoted as saying in the release.
"Experience has shown that improving legal certainty and predictability for investments is key in providing business opportunities and much-needed development for this growing economy,” he said, adding that he hoped the negotiations would conclude swiftly.
More at http://www.mizzima.com/business/investment/item/11011-myanmar-eu-begin-investment-protection-talks
No comments:
Post a Comment