Canada and Serbia 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. A first round of negotiations was held in Belgrade on March 18-19, 2013 and planning is underway for a second round to be held in Ottawa in May 2013.
A bilateral FIPA will provide greater predictability and certainty for Canadian investors considering investment opportunities in Serbia, and will underscore Serbia's reliability as an investment destination. Canada’s objective in entering these negotiations is to secure a comprehensive, high-quality agreement that will protect investors through the establishment of a framework of legally-binding rights and obligations.
Serbia offers significant investment opportunities for Canadian investors, specifically in mining, energy, agriculture, and transportation infrastructure.
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