Canada-North Macedonia Foreign Investment Promotion and Protection Agreement Negotiations
Background
Canada and North Macedonia 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 second round of negotiations took place from October 6 to 7, 2014.
A bilateral FIPA will provide greater predictability and certainty for Canadian investors considering investment opportunities in North Macedonia. 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.
There is great potential for increased Canadian investment in North Macedonia—especially in the transportation, information and communication technology, agri-food, tourism, mining, environmental technologies, construction and real estate sectors.
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Contact Point
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
Fax: 613-944-0679
E-mail: consultations@international.gc.ca
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