Search Results (405)
The Unified Agreement for the Investment of Arab Capital in the Arab States was signed on 26 November 1980 in Amman, Jordan, during the Eleventh Arab Summit Conference. The member States of the League of Arab States are Algeria, Bahrain, Comoros, Djibouti, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libyan Arab Jamahiriya, Mauritania, Oman, Palestine, Qatar, Saudi Arabia, Syrian Arab Republic, Somalia, Sudan, Tunisia, the United Arab Emirates and Yemen. The agreement has been ratified by all member States of the League except Algeria and the Comoros. The States Parties to this Agreement shall, within the framework of its provisions, be permitted to transfer Arab capital freely between them and to promote and facilitate its investment according to the economic development plans and programmes within the States Parties and in a manner beneficial to the host State and the investor. They shall undertake to protect the investor, safeguard his investment and its related revenues and rights and, to the extent possible, to ensure the stability of the pertinent legal provisions.
The government of the Hashemite Kingdom of Jordan and the government of the Republic of Lebanon referred to hereinafter as the contracting countries. Desiring to widen and deepen economic cooperation between them, total best interest of the two countries specifically in creating favorable conditions for investments made by investors of the contracting parties in the territories of the other contracting party. Recognizing that the encouragement and reciprocal protection will be conducive to the stimulation of commercial initiative and increase prosperity in both contracting states.
The Lebanese Republic and the Republic of Turkey herein referred to as the "Contracting Parties", Desiring to encourage economic cooperation to the mutual benefit of both States, Intending to create and maintain favourable conditions for investments by investors of one Contracting Party in the territory of the other Contracting Party, Recognizing that the encouragement and contractual protection of such investments are apt to stimulate private business initiative and to increase the prosperity of both States.
The Agreement spells out the basic principles governing the promotion of capital transfers among member states and the protection of investments against commercial risks while guaranteeing the transfer of capital and its proceeds abroad. In particular, the agreement stipulates that the contracting parties shall permit the transfer of capitals among them and its utilization therein in the fields permitted for investment in accordance with their laws. The invested capital shall enjoy adequate protection and security and the host state shall give the necessary facilities and incentives to the investors engaged in activities therein. The investors of any contracting party shall enjoy, within the context of economic activity in which they have employed their investments in the territories of another contracting party, a treatment not less favourable than the treatment accorded to investors belonging to another State not party to this Agreement, in the context of that activity and in respect of rights and privileges accorded to those investors.
League of Arab States, on the basis of faith in the national unity of the Arab nation, aware of the vitality of Arab economic integration as a step towards Arab economic unity and essential means to promote development within the framework of the Pan-Arab Arab economy, free, developed a coherent and balanced. And an investigation as provided for in Article II of the Charter of the League of Arab States of the need for close cooperation between the countries of the university in economic and financial affairs, including to facilitate and expand trade in the fields of agriculture, industry and related services.