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

05 November 2010, 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.

 

The draft is registered under Reg. No. 0179.