Two-Way Investment Between Canada & Slovakia
An updated foreign investment promotion and protection agreement has recently been signed between Canada and Slovakia. As part of the agreement, Canada's Minister of International Trade, the Honourable Peter Van Loan, and Slovakia's Deputy Prime Minister, Ivan Miklos, met together to encourage this two-way investment between the two countries. The agreement is set to assure Canada's economic recovery as the commercial ties between Canada and Slovakia are strengthened. The foreign investment agreement was updated in order to comply with European Union treaty law. Further changes were requested by Canada, which improves the agreement to strengthen protection of environmental, health and safety standards. The agreement offers greater confidence to help companies to invest with stronger protection and predictability. It forms part of Canada's push to promote Canada as an investment destination.