Japan, Papua New Guinea Reach Investment Deal

Law360, New York (February 16, 2011, 5:44 PM EST) -- Japan and Papua New Guinea have reached an initial deal for a joint investment treaty designed to boost Japanese investments in the country and help develop its economy.

The two governments reached an agreement in principle on the investment deal Feb. 10, Japan's Ministry of Economy, Trade and Industry said Wednesday. Japan and Papua New Guinea now plan to take the necessary steps to close and sign the treaty quickly.

The investment treaty will provide protection for both Japanese businesses investing in Papua New Guinea and...
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