Bilateral agreement aims to publicize investments
TOKYO (AP) — Japan and Bahrain signed an investment deal Thursday that is expected to help economic ties between the two countries, Japan’s foreign ministry said.
The agreement, called the Japan-Bahrain Agreement for the Promotion and Reciprocal Protection of Investments, was signed through Japan’s Parliamentary Deputy Foreign Minister Taro Honda and the Undersecretary for Financial Affairs of Bahrain’s Ministry of Finance and National Economy, Yusuf Abdulla Humood, in Manama. The ministry said in Manama. a statement.
The bilateral agreement aims to protect and publicize additional investments between contracting parties, the ministry said, adding that it stipulates the remedy granted to investment and investment activities when an investor from one contracting party invests in the other contracting party.
“The investment environment in Bahrain is favorable and Japanese corporations are already active in sectors such as manufacturing, finance and trade. In addition, new investments are expected in Bahrain through Japanese corporations, adding large-scale projects, and the importance of offering assistance to those corporations is happening,” he said.
“With this agreement, a further improvement in the investment environment in Bahrain is expected, which will help the economic relationship between Japan and Bahrain. “The pact will enter into force on the 30th after the date of the exchange of diplomatic notes, according to the ministry.
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