Financial news
Written by: Zhang Weilun
2020-01-24 18:30
Last updated: 2020-01-24 18:30Hong Kong and Mexico signed an investment promotion and protection agreement in Davos, Switzerland to strengthen mutual investment protection, increase investor confidence and expand investment flows between the two places, and further strengthen the economic and trade links between the two sides.
Director of Commerce and Economic Development Qiu Tenghua signed an investment agreement with Luz Maria de Mora Sanchez, Mexico ’s Deputy Minister of Economy.
Qiu Tenghua pointed out that the investment agreement ensures that the investors of both sides enjoy equal protection in the investment of each other's territory, which helps to strengthen investors' confidence in investing overseas. Hong Kong has also been committed to expanding the investment agreement network, promoting two-way investment flows, and driving Hong Kong's economic development. .
According to the agreement, the protections that Hong Kong and the Mexican governments must provide to each other's investors include fair, fair and non-discriminatory treatment of their investments; compensation for the collection of investments; and the free transfer of investments and income abroad. The agreement also provides that investment disputes can be settled in accordance with internationally recognized rules. The agreement will enter into force after the parties have completed the required internal procedures.
Hong Kong Economy Qiu Tenghua Mexico