Commercial Information Circulars

24-hour hotline : 23 922 922

Ref. : CR TID 2302/47

24 January 2020

Dear Sir/Madam,

Commercial Information Circular No. 79/2020

Mexico : Investment Promotion and Protection Agreement between Hong Kong and Mexico

INTRODUCTION

The Secretary for Commerce and Economic Development, Mr Edward Yau, signed an Investment Promotion and Protection Agreement (Agreement) on 23 January 2020 on the margins of the World Economic Forum Annual Meeting in Davos, Switzerland, with the Undersecretary of Foreign Trade at Mexico's Ministry of Economy, Dr Luz María de la Mora Sánchez.

2.The Agreement with Mexico is the fourth such agreement that this term of Government has signed since taking office in July 2017. The other three are the investment agreements with the Association of Southeast Asian Nations, Australia and the United Arab Emirates. It is also the 22nd investment agreement that Hong Kong has signed with a foreign economy.

THE INVESTMENT AGREEMENT

3.Under the Agreement, the two governments undertake to provide investors of the other side with fair, equitable and non-discriminatory treatment of their 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 enter into force after the fulfilment of relevant internal requirements by both sides.

4.The Agreement is set to enhance the confidence of investors, expand investment flows and further strengthen the economic and trade ties between the two places.

5.Full text of the Agreement is available at <https://www.tid.gov.hk/english/ita/ippa/index.html>.

ENQUIRIES

6.For enquiries, please contact the undersigned at 3403 6115.

Yours faithfully,

(Miss Noreen Lui)
for Director-General of Trade and Industry