Agreement protects Canadian investments abroad, creating jobs and economic growth across Canada
May 27, 2015 - Ottawa, Ontario - Foreign Affairs, Trade and Development Canada
The Honourable Ed Fast, Minister of International Trade, today announced that Canada and Guinea have signed a foreign investment promotion and protection agreement (FIPA). The agreement was signed by Philippe Beaulne, Canada’s Ambassador to Guinea, and Marc Youmbouno, Guinea’s Minister of Trade, in Conakry, Guinea.
FIPAs help ensure fair treatment for investors and create a more predictable and transparent business environment through reciprocal, legally binding provisions. FIPAs give businesses the protection and confidence they need to invest abroad, and help create jobs by attracting foreign investment to Canada.
With the signing of the agreement, Canada and Guinea will now proceed with their respective ratification processes.
Max Moncaster
Press Secretary
Office of the Honourable Ed Fast
Minister of International Trade
343-203-7332
Media Relations Office
Foreign Affairs, Trade and Development Canada
343-203-7700
media@international.gc.ca
Follow us on Twitter: @CanadaTrade
Like us on Facebook: Canada’s International Trade Plan-DFATD
