The Committee on Foreign Affairs recommends that the Parliament ratifies the Agreement between the Government of Ukraine and the Government of the Republic of San Marino on Promotion and Mutual Protection of Investments

08 September 2008, 14:24

The Bill (Reg. No.0065) envisages ratification of the Agreement that promotes development of promising areas of international investment cooperation. Thus, it facilitates attraction of foreign capital investments and technologies, stirs up foreign trade turnover, reduces non-profit risks by conduct of investment activity.  

The Agreement also secures safeguards against illegal expropriation and nationalization; envisages free transfer of payments and internationally recognized procedures for regulation of disputes between the Contractual Parties and the investors from the countries of the Contractual Parties.