Canada, Moldova Conclude Investment Talks

by Mike Godfrey, Tax-News.com, Washington

17 December 2013

Canada's Harper Government has concluded negotiations toward a foreign investment promotion and protection agreement (FIPA) with Moldova.

The FIPA is designed to provide greater security against discriminatory and arbitrary practices, and to enhance the predictability of each market's policy framework. It is hoped that, in turn, businesses will have greater confidence to invest.

Among the Canadian sectors expected to benefit from the deal are information and communications technologies, automotive, energy, farm machinery, and textiles. Canada has completed, signed, or brought into force FIPAs with 22 countries since 2006.

Canada's International Trade Minister Mark Fast said that the treaty was "further proof that the most ambitious pro-trade and pro-investment plan in our nation's history continues to get results for our businesses and exporters. As part of these efforts, we're ensuring that the right policies are in place and the right services are provided to help Canadian businesses continue to expand and succeed in global markets."

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