Qatar and Uruguay sign agreement for promotion, reciprocal protection of investments

Doha, Qatar: The State of Qatar and the Oriental Republic of Uruguay yesterday signed an agreement on the promotion, reciprocal protection of investme...

Doha, Qatar: The State of Qatar and the Oriental Republic of Uruguay yesterday signed an agreement on the promotion, reciprocal protection of investments between the two countries.

The agreement was signed by Minister of Commerce and Industry, H E Sheikh Faisal bin Thani bin Faisal Al-Thani and Minister of Foreign Affairs of the Oriental Republic of Uruguay, H E Mario Lubetkin.

The agreement is part of both countries’ efforts to provide a modern and secure legal framework that facilitates the flow of mutual investments and enhances investor confidence.

It also reflects the commitment of both sides to ensuring fair and equitable treatment for investors, guaranteeing protection against non-commercial risks, enabling the transfer of funds, and adopting best international practices in dispute resolution, thus contributing to the development of a stable and transparent investment environment.

It is an important step towards expanding the horizons of economic and trade cooperation between the two countries and opening new avenues for mutual investments, particularly in vital sectors and services.