Belarus and Zimbabwe will protect each other's investments

The deputies of Belarus have adopted the law "On ratification of  the agreement between the Republic of Belarus and the Republic of Zimbabwe on the promotion and mutual protection of investments," BelTA reported.

The agreement creates a legal basis for bilateral relations in the field of investment cooperation, provides guarantees for the protection of investments, and uses existing mechanisms to protect Belarusian investors in Zimbabwe.

Investors in the territory of another state are provided with guarantees of encouragement and creation of favorable conditions for investment, protection from expropriation of property, guarantees of compensation for losses, the possibility of applying to an international arbitration court to protect their rights.

According to new decree, Belarus’ officials should stream video content.

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Photo: sputnik.by