AN AGREEMENT ON THE LITHUANIAN-TADJIK INVESTMENT PROMOTION INITIALLED IN DUSHANBE
In Dushanbe on 28 November, the Lithuanian Government delegation, headed by Director of the Department of Law and International Treaties of the Ministry of Foreign Affairs Andrius Namavičius, initialled an Investment Promotion and Protection Agreement between the Lithuanian Government and the Tadzhikistan’s Government.
The Tadjik Government delegation was headed by First Deputy Chairman of the State Committee for Investments and State Property Management Maruf Saifiev.
The agreement sets out a legal mechanism for the capital movement in both countries, embedding non-discriminatory and most-favoured regime principles for the investors of both countries, the freedom to transfer all assets related to an investment, the bases of arbitration investment dispute proceedings, and other tools of investment protection. This agreement seeks to serve as a prerequisite for free capital flows between the countries, creating a favourable climate for private investors.
The agreement comes into effect after it will be signed and ratified by the parliaments of both countries.
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