Promotion and Facilitation of Investments Sample Clauses
The 'Promotion and Facilitation of Investments' clause establishes the parties' commitment to encouraging and supporting investment activities within the scope of the agreement. Typically, this clause outlines measures such as providing information, reducing administrative barriers, or offering incentives to attract and assist investors. Its core function is to create a favorable environment for investment by streamlining processes and fostering cooperation, thereby stimulating economic growth and reducing obstacles for potential investors.
Promotion and Facilitation of Investments. 1. One side shall encourage investors of the other side to make investments in its area.
2. To enhance the level of investment facilitation between the two sides, one side agrees to review from time to time and progressively simplify the formalities and requirements on investors of the other side investing in the area of the former side.
3. The two sides agree to provide the other side with investment facilitation, including:
(i) one side will facilitate investors of the other side in obtaining investment information, relevant operating licences, personnel entry and exit, and business operations and management;
(ii) one side will facilitate organising and holding, for the other side and its investors, of symposiums, seminars and other activities beneficial to investments;
(iii) one side will endeavour to establish clear and uniform standards and procedures for examining and approving investment applications, and to optimise permissions, qualification requirements and procedures in relation to investments;
(iv) one side will agree to stipulate a reasonable timeframe for relevant approving institutions to examine investment applications and to make decisions on such applications, and will promptly inform the applicants of the outcomes of the relevant approval applications;
(v) one side will, in accordance with its laws, make known the required information that has been omitted from an incomplete investment application, and provide the opportunity for correction;
(vi) one side will encourage and promote the cooperation and coordination among their various regulatory institutions, and, where possible, establish a “one-stop” approving institution, and stipulate the responsibilities and authorities of each regulatory institution in relation to approval and the responsibilities and authority of co- approval by multiple institutions in accordance with the laws;
(vii) one side will, on a best endeavour basis, keep the costs of the investors in the application process for approval to the lowest, and any fee to be charged shall be commensurate with the necessary administrative cost in handling the application;
(viii) one side will, on a best endeavour basis, enable investors of the other side to gain access to and use public infrastructure facilities under reasonable and non- discriminatory conditions.
Promotion and Facilitation of Investments. 1. Subject to its laws and regulations, each Party shall endeavour to cooperate in the facilitation of investments between the Parties including through:
(a) creating the necessary environment for all forms of investments;
(b) simplifying procedures for investment applications and approvals;
(c) promoting dissemination of investment information, including investment rules, regulations, policies and procedures; and
(d) establishing an appropriate mechanism, to the extent possible, to provide assistance and advisory services to investors including facilitation of operating licences and permits.
Promotion and Facilitation of Investments. 1. Subject to its laws and regulations, each Party shall endeavour to cooperate in the facilitation of investments between the Parties including through:
(a) creating the necessary environment for all forms of investments;
(b) simplifying procedures for investment applications and approvals;
(c) promoting dissemination of investment information, including investment rules, regulations, policies and procedures; and
(d) establishing an appropriate mechanism, to the extent possible, to provide assistance and advisory services to investors including facilitation of operating licences and permits.
2. Subject to its laws and regulations, cooperation activities under Paragraph 1(d) may be built on existing agreements or arrangements already in place for economic cooperation.
3. Nothing in this Article shall be construed to affect any obligation in the provisions of Chapter II (Investment Protection), or be subject to or otherwise affect any dispute resolution proceedings under this Agreement.
Promotion and Facilitation of Investments. Contracting parties shall endeavour to cooperate with the aim of promoting and facilitating the investment flows between their territories. This cooperation may include:
1. Proportionate information to its investors on the measures of the other contracting party to promote investment in its territory and information on the investment regime of the other contracting party.
2. The establishment of links between the Centre of Research and Training, Specialized agencies and business organizations of the Contracting Parties, Promote technology transfer and knowledge exchange on entrepreneurship, management, research and management of the centres, production and quality standards;
3. Periodic investment missions, supporting joint business councils and other cooperation activities to promote investment;
4. Facilitate information on investment of a contracting party in the territory of the other contracting party
5. Protect confidential information in compliance with the obligations set forth in this chapter.