According to a press release from the Hong Kong Special Administrative Region Government, Hong Kong and Bangladesh signed an investment promotion and protection agreement today to further consolidate economic and trade ties between the two places by strengthening mutual investment protection, enhancing investor confidence and expanding bilateral investment flows. According to the agreement, the two local governments are required to provide guarantees to each other's investors, including treating their investments fairly, fairly and non-discriminately; making compensation when expropriating investments; and allowing the free transfer of investments and earnings abroad. The agreement also provides that investment disputes can be settled in accordance with internationally accepted rules, including mediation and arbitration. The agreement will enter into force once the parties have completed the required internal procedures. Together with Bangladesh, Hong Kong has so far signed 25 investment agreements with 34 foreign economies.

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