This Agreement which was signed this month by the respective trade ministers provides, amongst other things, a legal framework for trading in convertible currencies. A mutual most-favoured-nation clause is also a part of the Agreement.
New treaties on investment protection and support, and on the prevention of double taxation should follow soon.
The content of this article is intended to provide a general guide to the subject matter. It is therefore not a substitute for specialist advice.
For further information contact Paul Antrobus or Richard Fletcher, Arthur Andersen Prague, tel +42 2 2440 1300 or enter a text search 'Arthur Andersen' and 'Business Monitor'.
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21 October 1996