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Trinidad and To­ba­go and the Unit­ed Arab Emi­rates have signed a bi­lat­er­al in­vest­ment agree­ment aimed at pro­mot­ing and pro­tect­ing in­vest­ments be­tween the two coun­tries.

The agree­ment was signed to­day in Dubai by For­eign and CARI­COM Af­fairs Min­is­ter Sean Sobers on be­half of Trinidad and To­ba­go and UAE Min­is­ter of State for Fi­nan­cial Af­fairs Mo­hamed bin Ha­di Al Hus­sai­ni. The sign­ing took place on the mar­gins of the World Gov­ern­ments Sum­mit, which is be­ing held in the Unit­ed Arab Emi­rates.

Ac­cord­ing to the Min­istry of For­eign and CARI­COM Af­fairs, the agree­ment es­tab­lish­es a frame­work to sup­port and pro­tect in­vest­ments made by in­vestors from both coun­tries. It sets out stan­dards for in­vestor con­duct and pro­vides pro­tec­tions in­clud­ing fair and eq­ui­table treat­ment and safe­guards against ex­pro­pri­a­tion. The agree­ment al­so out­lines mech­a­nisms for re­solv­ing in­vest­ment dis­putes.