Canada-Mongolia Foreign Investment Promotion and Protection Agreement (FIPA)
Mongolia and Canada have established a close and wide-ranging partnership including deep commercial and economic relations. The two countries signed a Foreign Investment Promotion and Protection Agreement (FIPA) on September 8, 2016 in Ulaanbaatar and are now moving forward with their respective domestic processes to bring this agreement into force.
Once implemented, the FIPA will help further deepen and strengthen the economic and commercial relationship between Canadian investors and their Mongolian partners. Canada’s objective in entering these negotiations was to secure a comprehensive, high-quality agreement that would protect investors through the establishment of a framework of legally binding rights and obligations. Canada is a significant investor in Mongolia. In 2015, Statistics Canada valued Canadian direct investment in Mongolia at approximately $6.4 billion.
The timely ratification and implementation of the FIPA is a bilateral priority for Canada so that both countries can benefit from this Agreement.
- Mongolia Fact Sheet
- Canadian Trade Commissioner Service in Mongolia
- Export Development Canada (EDC) - Country Info: Mongolia
- Global Markets Action Plan
If you have questions or comments, please contact Global Affairs Canada at:
Investment Trade Policy Division (TNI)
Global Affairs Canada
Lester B. Pearson Building
125 Sussex Drive
Ottawa, Ontario K1A 0G2
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