HK-Chile pact takes effect

July 14, 2019

The Investment Agreement between Hong Kong and Chile entered into force today, bringing the total number of investment agreements in force between Hong Kong and foreign economies to 20.


Under the agreement, the two sides undertake to provide investors of the other side with protections.


These include fair, equitable and non-discriminatory treatment of investments, compensation in the event of expropriation of investments, and the right to free transfers abroad of investments and returns.


It also provides for settlement of investment disputes under internationally accepted rules.


Hong Kong has so far signed 21 investment agreements with 30 foreign economies.


All these investment agreements, except for the one with the United Arab Emirates, have entered into force.

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