The agreement between the governments of Russia and Cambodia on encouragement and mutual protection of investments was signed on 3 March 2015 in Moscow. It provides for the admission of investments of investors of one state in the territory of another.
MOSCOW, 7 Nov. The state Duma Committee on budget and taxes recommended that the lower house of Parliament to adopt the law on ratification of the agreement between the governments of Russia and Cambodia on encouragement and mutual protection of investments.
The agreement was signed on 3 March 2015 in Moscow. The document provides for the admission of investments of investors of one state in the territory of another and granting them treatment not less favourable than that provided to its own investors or investors of any third state.
Each party to the agreement reserves the right to apply and introduce in accordance with the laws of their state exemptions from the national regime for foreign investors and their investments.
At the same time, none of the parties shall not be obliged to extend to investments of investors of the other party of the benefits it provides to investments of investors of any third state in connection with participation in the free trade zone, customs or currency Union, common market and any similar economic integration entities, as well as on the basis of agreements on avoidance of double taxation or other agreements on taxation.
The agreement establishes the investor’s right to receive adequate compensation in case of damage to its investment. At the same time guaranteed the unimpeded transfer abroad of payments related to capital investments after investors have met all their tax obligations.
“The ratification and entry into force of the agreement will provide Russian and Cambodian investors with long-term stability and predictability of the legal environment that will promote investment and trade and economic cooperation between the two countries”, — stated in the help document.