Reference
The agreement between the governments of Russia and Cambodia for the promotion and mutual protection of investments (signed in Moscow on 3 March 2015) provides for the following:
- Permitting investments made by investors of one Party on the territory of another Party in accordance with the laws of the host country;
- Providing terms, by each Party, to investments made by investors of the other Party, that are no less favourable than those accorded to investments made by its own investors or investments made by investors from any third state;
- Retaining, by each Party, the right to apply and introduce, in accordance with the laws of the respective state, exemptions from national treatment regarding foreign investors and their investments.
Under the agreement, neither Party has any obligation to make available to investments made by investors of another Party the benefits that it provides to investments made by investors from any third state relating to the participation in a free trade area, a customs or a monetary union, a common market or any similar economic integration entity, or any international agreement leading to the creation of such alliances or entities, as well as on the basis of agreements to avoid double taxation or other taxation agreements.
The agreement recognises the investors’ right to obtain adequate compensation in the event of loss to their investment. Also guaranteed is the free transfer to foreign banks of payments related to investments after investors have complied with all their tax obligations.