The agreement grants investors a number of protections for their investments in the other country.
Israel has initialed an agreement with Serbia and Montenegro to promote investment between the two countries. The agreement grants investors a number of protections for their investments in the other country against discrimination from other investors.
The agreement is part of a network of bilateral agreements Israel has signed with a growing number of developing countries and emerging markets. The purpose is to protect Israeli investors, who have significantly expanded their investments and financial activities in these countries.
The investment protection and promotion agreement with Serbia and Montenegro creates a built-in structure for consenual arbitration between interested parties in foreign investments, to form an important safety net for investments. The agreement is part of Israel's comprehensive strategy to integrate into the global economy.
Published by Globes [online] - www.globes.co.il - on February 26, 2004