In: Accounting
According to a 2019 report by the Zambia Institute for policy Analysis and Research (ZIPAR) a good investment contract for development countries must relect all issues and actors,not just private law tenature objectives of investors.
Required:
Outline and discuss two (2) attributes of a good Investment Promotion Protection Agreement (IPPAs).[6marks]
Hong Kong has been endeavouring to sign Investment Promotion and Protection Agreements ("IPPAs" or "Investment Agreements" in short) with foreign economies in order to enhance two-way investment flows and boost our economy. An IPPA is an agreement between governments for the promotion and protection of investments made by investors of one contracting party in the area of the other contracting party.
Hong Kong's IPPAs give additional
assurance to overseas investors that their investments in Hong Kong
are protected, and enable Hong Kong investors to enjoy similar
protection in respect of their investments overseas.
A typical IPPA provides for, among others, the
following: