Agreement on the Promotion and Reciprocal Protection of Investments (1995)

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  4. Agreement on the Promotion and Reciprocal Protection of Investments (1995)

Signed in Ankara on March 22, 1995, and entry into force on March 3, 2004, this agreement aims to encourage and protect investments made by investors from each country in the territory of the other, creating a stable and secure environment for cross-border investments between Italy and Turkey. Starting from a broad definition of investment, the agreement primarily guarantees fair and non-discriminatory treatment for foreign investors. Key measures include protection against expropriation, except in cases of public interest and with adequate and timely compensation, as well as the free transfer of sums, proceeds, and funds related to investments.

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