The Hong Kong-China and Turkey Investment Promotion and Protection Agreement will take effect on February 4th.

After both parties have completed the necessary internal procedures, the China-Hong Kong and Turkey Promotion and Protection of Investment Agreement will take effect on February 4th. According to the agreement, the two governments commit to providing protection for each other's investors, such as fair, equitable, and non-discriminatory treatment of their investments, compensation in case of expropriation, and allowing the free transfer of investments and returns to foreign territories. The agreement also stipulates that investment disputes can be resolved according to internationally recognized rules, including arbitration. Mr. Edward Yau, Secretary for Commerce and Economic Development of the Hong Kong Special Administrative Region Government, stated that by strengthening protection for investments, the investment agreement will boost investor confidence, expand investment flows between Hong Kong and Turkey, and bring benefits to the economic development of both places.