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Sri Lanka, Czech Republic inks co-operation pact
30 March 2011: Sri Lanka and the Czech Republic have entered into an agreement to promote investment and to mutually provide protection of investments. The agreement provides for full protection of foreign investment, guarantees against expropriation, granting of Most Favoured Nation (MFN) and National Treatment to investors and their investments and also provides dispute settlement mechanisms. Lanka has also expressed interest in resuming direct flights from Prague as a measure to attract more tourists form the European nation. The country is seeking the collaboration of its international partners in the extensive process of reconstruction and infrastructure development now taking place in the country
Source: Colombo Page