Hong Kong Economic and Trade Office, USA
Hong Kong
News Release



Investment Agreement between Hong Kong and Chile enters into force

 



For more information, please contact

Melissa Ng in New York City: (212) 752 3320
Wing Yan Tong in San Francisco: (415) 835 9315

Daniel McAtee in Washington, D.C.: (202) 238 6360




July 14, 2019 - The Investment Agreement between Hong Kong and Chile entered into force today, bringing the total number of investment agreements in force between Hong Kong and foreign economies to 20.

Under the Agreement, the two sides undertake to provide investors of the other side with protections, including fair, equitable and non-discriminatory treatment of investments; compensation in the event of expropriation of investments; and the right to free transfers abroad of investments and returns. The Agreement also provides for settlement of investment disputes under internationally accepted rules.

The Agreement will give additional assurance to investors, facilitate investment flows between Hong Kong and Chile, and complement the existing Free Trade Agreement between Hong Kong and Chile in strengthening the economic and trade ties between the two places.

The Agreement was signed in November 2016. Both sides have completed their respective internal procedures required for the entry into force of the Agreement.

Hong Kong has so far signed 21 investment agreements with 30 foreign economies: the Association of Southeast Asian Nations, Australia, Austria, the Belgo-Luxembourg Economic Union, Canada, Chile, Denmark, Finland, France, Germany, Italy, Japan, Korea, Kuwait, the Netherlands, New Zealand, Sweden, Switzerland, Thailand, the United Arab Emirates (UAE) and the United Kingdom. All these investment agreements, except for the one with the UAE, have entered into force.


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