According to sources from the Ministry of International Trade Canada ( Alberta , Canada ) , in order to create favorable conditions for Canadian businesses to expand markets and business success abroad, and bring more jobs employment, the government has signed a further ” protection Agreement and promotion of foreign investment ” new .
In a statement dated 17/9 , International Trade Minister Ed Fast said Canada Agreement on the protection and promotion of foreign investment ( FIPA ) between Canada and Serbia ( Serbia ) has been signed , will help ensure make a business environment safer for Canadian companies while seeking opportunities in Serbia , contributing to the economic growth of the country . He emphasized Fast signing this agreement again confirms the Government of Canada ‘s efforts in expanding trade plan ambitious , continue to bring opportunities and favorable conditions for employees , businesses and exporters of Canada .
According to Fast , FIPA is an agreement to promote and protect Canadian investment abroad and foreign investment in Canada through legally binding provisions , respectively , can reduce discrimination and do more to strengthen the trust of investors . He said : “The Government of Canada has committed to ensuring that Canada’s investments will be protected in the global market . And that is why we have carried out the FIPA signed with 18 countries around the world since 2006 and is actively promoting negotiations with other countries . ”
FIPA between Canada and Serbia will officially take effect after the two sides complete the ratification process in the country . Regional investment potential in Serbia industries including mining and resources , energy production , infrastructure, transport and agriculture food .
Serbia is seen as an important trading partner of Canada in South East Europe, with an actual investment , or already in the plan , up to $ 2 billion . Serbian -Canadian community are now reaching over 80,000 people . Canada and Serbia also signed a double taxation agreement , will take effect in January 2014, an agreement on social security and air transport , with an economic cooperation agreement strategy .