29 Jan 2020
Mexico and Hong Kong Sign Bi-lateral Investment Agreement
Mexico and Hong Kong signed 24 January on the side-lines of the World Economic Forum annual meeting in Davos an investment promotion and protection agreement aimed at strengthening bi-lateral economic ties.
According to Mexico’s Ministry of Economy, the agreement includes disciplines in such areas as non-discriminatory treatment for investors, compensation in the event of expropriation or nationalisation of investments, the right to free transfers abroad of investments and returns, and international arbitration of disputes. Mexican authorities indicate that the agreement will provide greater legal certainty to investors and foreign investment from both parties.