Preparations are currently underway for negotiations on a Bilateral Investment Treaty (BIT) on the promotion and mutual protection of investments between Laos and Azerbaijan, Vanthana Nolintha, Member and Permanent Secretary of the Standing Committee of the Investment Promotion and Management Committee of Laos, said during his speech at the Azerbaijan-Laos Investment and Business Forum held in Baku, APA-Economics reports.
According to him, Laos currently has 26 such agreements, while negotiations are underway on three or four new agreements:
"Last week, we sent our draft agreement to the Azerbaijani side. We hope to begin formal negotiations on the Laos-Azerbaijan agreement by the end of this year or early next year. This will provide stronger protection for investors from both countries."
Follow us on Telegram
t.me/apanewsaz
Follow us on Instagram
Follow us on TikTok
Follow us on Facebook
Follow us on X
