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The Republic of Moldova and Canada have signed the Agreement on the mutual promotion and protection of investments

The Republic of Moldova and Canada have signed the Agreement on the mutual promotion and protection of investments
13 June, Ottawa - The Republic of Moldova and Canada have signed the Agreement on the mutual promotion and protection of investments (FIPA). The document was signed in Ottawa by the Minister of Foreign Affairs and European Integration, Tudor Ulianovschi, and the Canadian Minister for International Trade, François-Philippe Champagne.

In the view of the Minister Tudor Ulianovschi, the signing of the FIPA Agreement represents a significant achievement in the Moldovan-Canadian relationships and it is a powerful signal for the business communities from both countries with regard to opening new opportunities for initiation and execution of the investment projects, by using the economic platforms existent in the Republic of Moldova and Canada.

“During the past years the Government of the Republic of Moldova has implemented a set of strategies, which have allowed the creation of an attractive environment for investors, especially to free economic zones, industrial parks and IT that have favored the successful accomplishment of projects. I think that FIPA Agreement is a green light for the Canadian companies, to be present on the Moldovan market and to develop businesses,” has underlined Minister Tudor Ulianovschi.

The signing of the Agreement on the mutual promotion and protection of investments was welcomed by the Canadian Minister François-Philippe Champagne, as well, who has emphasized that this document transmits a powerful signal as to the Republic of Moldova, as to the entire region regarding the Canada’s openness for cooperation. “Today, when the bilateral cooperation among those two countries have known an advanced development, Canada and the Republic of Moldova play, in this way, the wish to unite the efforts to promote a bilateral trade on the basis of global exchange principles,” has declared the Minister Champagne.

Tudor Ulianovschi and François-Philippe Champagne have discussed the possibility to broaden the economic and trade collaboration between the two states by fulfilling the opportunities of the Free Trade Agreement signed between Canada and EU, as well as the Deep and Comprehensive Free Trade Areas (DCFTA) Republic of Moldova-European Union.

In the final of the discussion, Minister Champagne has accepted the invitation of the Minister Ulianovschi to come on a working visit to the Republic of Moldova.