Serbia: Foreign investment promotion and protection agreement (FIPA) between Canada and Serbia comes into force
The news release from the Canadian Ministry of International Trade highlighted the importance of FIPAs for ensuring the fair treatment of investors and the creation of a more predictable and transparent business environment through reciprocal, legally binding provisions, by setting out clear rules governing investment relations, including in areas of dispute resolution and protection against discriminatory and arbitrary practices, giving businesses greater confidence to invest. Furthermore, the Ministry announced that Serbia is an important commercial partner in southeastern Europe, identifying many areas of potential growth for Canadian investment in Serbia, from the extractive and resource industries and the energy and power generation, to transportation infrastructure and agri-food sectors. Canada-Serbia relations have been strengthened in recent years by a number of bilateral agreements, including a double taxation agreement and social security and air transport agreements.
Nemanja Paskulov (firstname.lastname@example.org)
Eurofast Global, Belgrade Office
Tel: +381 11 3241 484