The Committee on Foreign Affairs recommends the Parliament to ratify the Agreement between the Cabinet of Ministers of Ukraine and the Government of the Democratic Republic of Congo on Promotion and Mutual Protection of Investments
Published on 05 November 2010, at 15:54
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Under the Agreement, each
Contracting Party shall encourage and establish favorable conditions for
investors of the other Contracting Party to make investments on its territory
according to its national legislation. Each Contracting Party shall ensure that
the regime for investments and incomes of investors of the other Contracting
Party on its territory is not less favorable than the one it ensures for
investments and incomes of its own investors or investments and incomes of any
other Third Country.
The Committee members believe that enactment of
the Agreement will foster international investment cooperation, attract foreign
investments and technologies, boost foreign trade, lower the non-commercial
risks, shape the
positive image of Ukraine as a state with a favourable conditions for investors
and a stable international legal contractual basis to protect foreign
investments.