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Trade and Industry Department The Government of the Hong Kong Special Administrative Region
Brand Hong Kong - Asia world city
MY COLOUR

Commercial Information Circular

24-hour hotline : 23 922 922

e-mail address : enquiry@tid.gov.hk

Ref. : CR TID 2302/64

1 November 2023

Dear Sir/Madam,

Commercial Information Circular No. 794/2023

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

INTRODUCTION

The Secretary for Commerce and Economic Development, Mr Algernon Yau, completed the signing of the Investment Promotion and Protection Agreement (IPPA) between Hong Kong and Türkiye (Agreement)* on 31 October 2023.

THE AGREEMENT

2.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.

3.The Agreement is set to enhance investors' confidence and expand investment flows, bringing the bilateral investment relations to a new level.

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

ENQUIRIES

5.For enquiries, please contact the undersigned at 3403 6110.

Yours faithfully,

(Ken NG)
for Director-General of Trade and Industry

* The Agreement with Türkiye is the 23rd IPPA that Hong Kong has signed with a foreign economy, and the first similar agreement signed by this term of Government since taking office in July 2022.

Note: While every effort is made to ensure the accuracy of the above information, the Department cannot guarantee this to be so and will not be held liable for any reliance placed on the same.