MEMORANDUM OF UNDERSTANDING BETWEEN THE GOVERNMENT OF THE REPUBLIC OF THE PHILIPPINES AND THE GOVERNMENT OF THE HELLENIC REPUBLIC FOR THE PROMOTION AND RECIPROCAL PROTECTION OF …
The Governments of the Repubh’c of the Philippines and the Hellenic Republic, hereinafter referred to as the Contracting Parties,
DESIRING to intensify economic cooperation between their countries;
INTENDING to create favorable conditions for investments by citizens and entities of one Contracting Party, and to increase prosperity in their respective territories;
RECOGNIZING that encouragement and protection of such investments will benefit the economic prosperity of both countries;
Have agreed as follows:
A. The Contracting Parties shall appoint, at a future time to be agreed upon, their respective negotiating panel to discuss, negotiate and conclude an agreement for the promotion and reciprocal protection of investments;
B. Pending the appointment of their negotiating panels, the Contracting Parties shall exchange information on their pertinent laws on investments and other related commercial laws, rules and regulations;
SIGNED in Athens, Greece on 24 day of JUNE 1997.
|
FOR THE GOVERNMENT OF THE REPUBLIC OFTHE PHILIPPINES |
FOR THE GOVERNMENT OF THE |