Bilateral Agreement on the Protection of Investments (3/3/2014) [fr]
The Agreement on the Reciprocal Promotion and Protection of Investments between the Government of the Republic of Zambia and the Government of the Republic of France, signed in Lusaka, is entering into force on this 3rd of March 2014, after completion of the constitutional requirements by both parties.
We share the conviction that such bilateral Agreements contribute to reinforcing the predictability and stability of the juridical environment in which existing and potential investors to and from our respective countries will operate.
By setting shared investment standards and foreseeing eventual access to arbitration mechanisms, for a period of 10 years that will be tacitly renewable, our bilateral Agreement on the Reciprocal Promotion and Protection of Investments considerably strengthens the climate of confidence required for long-term and substantial investments in our respective countries, and thus enhances the trust and likely attraction of potential investors.
A dozen French companies are currently operating through subsidiaries in Zambia, they contributed to creating more than 1.500 direct employments, and more than 1.500 self-entrepreneurs representing various brands. Bound by their mother firms’ deontological charters, these French companies do comply with the fiscal rules and enforce their corporate social responsibilities.