investment | BITs
The signing of a Bilateral Investment Treaty (BIT) between Pakistan and the US, expected on the eve of visit of President Bush this weekend in Islamabad, has apparently been put off again as businessmen give no indication of firm answers from the US on objections raised by Pakistan on certain clauses.
US President George W. Bush said on Wednesday that a bilateral investment treaty that he is planning to sign during his visit to Islamabad will be the first step towards greater trade and commercial relations with Pakistan.
Pakistani Prime Minister Shaukat Aziz Wednesday approved negotiations on bilateral investment agreement between the governments of Pakistan and Kuwait.
Last week, representatives from both governments met in Port of Spain to conclude the negotiations for a bilateral treaty for the encouragement and mutual promotion of investments.
India and Russia will be working for new economic agreements that would include higher investment of Russian firms in the country’s lagging infrastructure.
India bilateral business and economic ties with Saudi Arabia got a significant boost with the signing of the proposed Bilateral Investment Protection Agreement (BIPA) and the Double Taxation Avoidance Agreement.
Pakistan and United States on Friday concluded the fourth round of talks on the proposed Bilateral Investment Treaty (BIT), which remained inconclusive due to differences on some clauses of the agreement.
The Union Cabinet today approved the proposal for signing the Bilateral Investment Promotion and Protection Agreement with the Kingdom of Saudi Arabia.
Increasing trade exchanges and promoting US investments in Morocco are the main objectives of the Free Trade Agreement (FTA) signed between Morocco and the USA, affirmed trade Advisor at Moroccan embassy in Washington, Mourad El Ayachi.
The Office of the Solicitor General (OSG) yesterday asked the Supreme Court to reconsider its decision allowing the government to take over Terminal 3 of the Ninoy Aquino International Airport (NAIA) only after payment of an initial P3.002 billion to the Philippine International Air Terminals Co. (PIATCO) representing the proffered value of the facilities.
Guyana and the Swiss Confederation recently signed a Bilateral Investment Treaty which will facilitate an increase in Swiss investments in the local economy.
The Uruguayan government has ratified a Bilateral Investment Treaty (BIT) with the United States that is intended to enhance bilateral relations as well as trade and investment ties, according to the U.S. State Department.
Ecuador’s attorney general Thursday said he expects a U.K court to rule in March on a dispute between the government and U.S. oil firm Occidental Petroleum Company (OXY).
The pieces of the Canada-China economic puzzle are starting to come together and the picture that emerges reveals a slowly developing but inevitably closer economic relationship between these two economies.v
A 14-member delegation from the Bahrain American Chamber of Commerce has returned after a successful trade mission to the US.
After the big daddies, it appears to be the turn of mid-size Korean companies to hot foot it to India.
Deputy Chief Executive of the Economic Development Board (EDB) Dr Zakaria Hijris has urged the Egyptian private sector to benefit from the Free Trade Agreement (FTA) between Bahrain and the US.
Investment opportunities will continue to increase in the UAE, according to the principal of one private Equity fund, who pointed to anticipated changes in the federal Company Law as further indication of the country’s liberal economy.
The Heads of State and/or Government of the Association of Caribbean States (ACS), during the Panama Summit held in July of this year, recognised in its Declaration, “the importance of having a Framework Agreement for the Promotion and Reciprocal Protection of Investments among ACS members, an instrument that will help to promote, protect and confer legal certainty on investments ...”
Experts have cautioned that bilateral investment treaties with the rich countries will ultimately lead the developing and least developed countries towards dangerous traps at the cost of their national interests.
