Investment and services Sample Clauses
The INVESTMENT AND SERVICES clause defines the obligations and terms related to the provision of investment funds and associated services between the parties. Typically, it outlines the amount, timing, and conditions under which investments are made, as well as the specific services to be rendered, such as advisory, management, or operational support. This clause ensures both parties have a clear understanding of their respective commitments, reducing the risk of disputes and facilitating smooth collaboration throughout the investment period.
Investment and services. The Parties agree to create stable, favourable and transparent conditions for companies of the other Parties that are making or seeking to make investments in their territories. They grant each other’s investments full protection and security as well as fair and equitable treatment in accordance with international law. The Parties recognize the importance of promoting cross-border investment and technology flows (Articles 24 and 25). The Parties aim at achieving gradual liberalisation and the mutual opening of their markets for trade in services in accordance with the provisions of the General Agreement on Trade in Services (GATS) (Articles 26 and 27).
Investment and services bn CND Canada has liberalized foreign investment significantly since 1998. FDI stock in Canada amounted to CND 449 bn in 2006 and is mainly in oil and gas, finance, insurance, chemicals, information, communication technologies, management of companies and wholesale trade. Since 2000, FDI inflow into Canada has significantly risen (+ 130 bn) with a wave of acquisitions of some major Canadian companies by foreign investors. In 2006, American investors held 60% of the FDI stock.33 1'990 500 400 300 200 100 0 1990 1995 2000 2005 2007 Canadian FDI abroad FDI in Canada Canada maintains a general policy of national treatment for FDI; however, there remain sector- specific restrictions related to fishing, mining and energy, air transport, telecommunications and cultural activities. The Investment Canada Act35 governs the establishment of new foreign businesses and the acquisition of control of Canadian businesses. A foreign acquisition above a given threshold is subject to review in order to guarantee that it results in a "net benefit" to the country. There are also federal and provincial statutes that govern investment in particular sectors. As a result, there is a need to reduce interprovincial barriers to investment.36 Services is the most important sector in Canada's economy, with 68% of total gross domestic product, 75% of employment and 53% of consumer spending.37 Canada is traditionally a net importer of services (deficit in 2005 CND 13.7 bn). Over half of Canada's transactions are in commercial services, transportation and travel accounting for most of the rest.38 Regarding barriers to services, Canada is open in value-added telecommunications, relatively open in environmental 33 Statistics Canada: ▇▇▇.▇▇▇▇▇▇▇.▇▇/▇▇▇▇▇/▇▇▇▇▇▇▇/▇▇▇▇▇▇/▇▇▇▇▇▇▇▇.▇▇▇; Foreign Affairs and International Trade Canada: ▇▇▇.▇▇▇▇▇.▇▇.▇▇/▇▇▇/▇▇▇/▇▇▇-▇▇▇▇▇▇-▇▇▇▇▇▇-▇▇▇▇▇-▇▇▇▇▇▇▇-▇▇▇▇-▇▇.▇▇▇ 34 Foreign Affairs and International Trade Canada: ▇▇▇.▇▇▇▇▇.▇▇.▇▇/▇▇▇/▇▇▇▇▇▇▇-▇▇▇▇▇▇▇▇▇▇-▇▇.▇▇▇ 35 Industry Canada, Investment Canada Act:: ▇▇▇.▇▇.▇▇.▇▇/▇▇▇▇/▇▇▇▇/▇▇▇-▇▇▇.▇▇▇/▇▇/▇▇▇▇?▇▇▇▇▇▇▇▇▇▇▇▇ 36 Based on WTO Trade Policy Review Canada, The Secretariat Report, June 2007: ▇▇▇.▇▇▇.▇▇▇ 37 Statistics Canada: ▇▇▇.▇▇▇▇▇▇▇.▇▇/▇▇▇▇▇/▇▇▇▇▇▇▇/▇▇▇▇▇?▇▇▇▇▇=▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇; Foreign Affairs and International Trade Canada: ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇/▇▇▇/▇▇▇▇▇▇▇▇/▇▇▇_▇▇▇▇/▇▇-▇▇.▇▇▇ 38 WTO Trade Policy Review Canada, The Secretariat Report, June 2007: ▇▇▇.▇▇▇.▇▇▇ services, rental services, maritime transportation...