Common use of Promotion of Investments Clause in Contracts

Promotion of Investments. The Contracting Parties shall, within the limits of their respective legislation, promote the creation of favourable conditions for joint ventures established by Finnish and Soviet natural persons or bodies corporate on the basis of investments made under the provisions of this Agreement. Particular attention will be given to the profitability and self-financing of joint ventures and the production of modern goods that are competitive on the world market. In order to achieve these goals, appropriate conditions for the commercial activity of joint ventures shall be created, including, in particular, the provision of raw materials, energy, manpower, transportation and financial billing services.

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement

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