Japan's Ministry of Foreign Affairs announces signing of bilateral investment treaty with Paraguay
Japan's Ministry of Foreign Affairs has announced the signing of a bilateral investment treaty with Paraguay in Asunción. The Agreement between Japan and the Republic of Paraguay for the Promotion and Protection of Investment includes standard protections such as national treatment, most-favoured-nation treatment, fair and equitable treatment, expropriation safeguards, and investor-state dispute settlement mechanisms. The treaty requires internal approval procedures, including Japanese National Diet ratification, before entering into force 30 days after both parties complete their domestic processes.