Canada and Mali have agreed to begin negotiations towards a Foreign Investment Promotion and Protection Agreement (FIPA). The parties have pledged to work together to conclude an agreement in a timely manner. The first round of negotiations took place in March 2011 in Ottawa.
A bilateral FIPA will provide greater predictability and certainty for Canadian investors considering investment opportunities in Mali. Canada’s objective in entering these negotiations is to secure a comprehensive, high-quality agreement which will protect investors through the establishment of a framework of legally binding rights and obligations.
Natural Resources Canada estimates that Canadian companies, led by more than 15 mining and exploration firms, had approximately $230 million in assets in Mali in 2010.
If you have questions or comments, please contact Foreign Affairs and International Trade Canada at:
Investment Trade Policy Division (TNI)
Foreign Affairs and International Trade Canada
Lester B. Pearson Building
125 Sussex Drive
Ottawa, Ontario K1A 0G2