Regional and Bilateral Initiatives
Canada's Foreign Investment Protection and Promotion Agreements
(FIPAs)
Background on the Canada-Jordan Foreign Investment Protection and Promotion Agreement (FIPA)
Canada and Jordan have agreed to launch FIPA negotiations. Negotiations are expected to begin in February, 2007.
A bilateral FIPA will provide greater predictability and certainty for Canadian investors considering investment opportunities in Jordan. Canada's objective in entering these negotiations is to secure a comprehensive, high-quality agreement which will protect investors through the establishment of a framework of legally binding rights and obligations, while maintaining Canada's ability to regulate in the public interest.
Although the current level of both Canadian investment in Jordan and Jordanian investment in Canada is modest, the expanding Jordanian economy (which has averaged more than 6% growth per year over the past 5 years) and the Kingdom's continued commitment to its privatisation program will provide significant opportunities for Canadian investors in a variety of sectors including manufacturing, mining, telecommunications, and transportation, among others.
Contact Point
If you have questions or comments about this initiative, we would like to hear from you. Please contact:
Investment Trade Policy Division (TBI)
Department of Foreign Affairs and International Trade (International Trade)
Lester B. Pearson Building
125 promenade Sussex Drive
Ottawa, Ontario, K1A 0G2
Fax: 613-944-0757
E-mail: consultations@international.gc.ca
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