Arab Today, arab today colombia france ink investment accord
Last Updated : GMT 07:21:54
Arab Today, arab today
Arab Today, arab today

Colombia, France ink investment accord

Arab Today, arab today

Arab Today, arab today Colombia, France ink investment accord

The French ambassador to Colombia Jean-Marc Laforet
Bogota - XINHUA

Colombia and France signed an investment accord Thursday to boost bilateral exchange.
The Agreement on Reciprocal Protection and Promotion of Investment (known by its Spanish acronym APPRI) was signed by Colombia's Minister of Trade, Industry and Tourism Santiago Rojas and the French ambassador to Colombia Jean-Marc Laforet.
"The agreement, the negotiation of which concluded in November 2013 following two rounds of talks, one in Paris and another in Bogota, establishes clear rules of the game for French investors in Colombia and vice versa," according to a statement from the Colombian Trade Ministry.
The agreement will also provide "protection, clarity and a transparent legal framework for handling any capital established in each of the countries," the ministry added.
The document prohibits discrimination against investors from either nation, bars expropriation "without proper and effective compensation," and calls for the "freedom to transfer currencies, so investors can remit their profits."
Rojas said the accord, which "is complemented by the trade agreement Colombia has with the European Union," would serve to promote trade between the two nations, and help create employment in both Colombia and France.
"France is a country that has believed in Colombia and has invested in different sectors, such as industry, trade and finance, " said Rojas.
France's ambassador, in turn, said the accord will serve as an incentive for French firms to invest in the South American country.
The accord now needs to be approved by each country's respective legislature, and in Colombia's case, also by the Constitutional Court.
The accord will take effect as soon as both countries notify its approval and will remain in effect for a period of 10 years, the ministry said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today colombia france ink investment accord Arab Today, arab today colombia france ink investment accord

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today colombia france ink investment accord Arab Today, arab today colombia france ink investment accord

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday