Canada and Tanzania have now completed five rounds of negotiations, with the latest round being held from February 15-17, 2012 in Ottawa, Canada. During this last round, both parties re-confirmed the mutual importance and benefits of an agreement and resolved to continue to work together to address any unresolved issues, in the hope of concluding an agreement in a timely manner.
A bilateral FIPA will provide greater predictability and certainty for Canadian investors considering investment opportunities in Tanzania, and will underscore Tanzania’s reliability as an investment destination. 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.
The current level of Canadian investment in Tanzania is very significant, Canada being the largest foreign investor in the mining sector. Given the country’s economic reforms and increasing openness to FDI (Foreign Direct Investment), Tanzania offers significant investment opportunities for Canadian investors in a variety of other sectors including telecommunication and 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