Armenia and Republic of Korea to facilitate mutual investment procedures
17.01.2019,
15:45
The Armenian government has approved today a draft law on liberalization, promotion and mutual protection of investments between Armenia and the Republic of Korea.
YEREVAN, January 17. /ARKA/. The Armenian government has approved today a draft law on liberalization, promotion and mutual protection of investments between Armenia and the Republic of Korea.
The acting Minister of Economic Development and Investments Tigran Khachatryan said the document outlines the main provisions of the procedures for encouraging and protection of investments, commensuration for damage and settlement of disputes between the parties.
"This agreement will secure favorable and equal conditions for mutual investments, guaranteeing full protection and security to investors of both countries, as well as fair and equal approach in accordance with international norms," said Khachatryan.
According to him, the agreement also contains provisions on the regimes applicable to investments, as well as those which issues relate to the entry and stay of investors, compensation for damage, protection and settlement of disputes and a number of other provisions. -0-
The acting Minister of Economic Development and Investments Tigran Khachatryan said the document outlines the main provisions of the procedures for encouraging and protection of investments, commensuration for damage and settlement of disputes between the parties.
"This agreement will secure favorable and equal conditions for mutual investments, guaranteeing full protection and security to investors of both countries, as well as fair and equal approach in accordance with international norms," said Khachatryan.
According to him, the agreement also contains provisions on the regimes applicable to investments, as well as those which issues relate to the entry and stay of investors, compensation for damage, protection and settlement of disputes and a number of other provisions. -0-
