Lord CHELWOODasked Her Majesty's Government:
With which countries they are negotiating agreements which guarantee British investments against expropriation or unfair discrimination as a precondition of making loans or grants and with what prospects and successes.
§ The SECRETARY of STATE for FOREIGN and COMMONWEALTH AFFAIRS (Lord Carrington)Her Majesty's Government have negotiated investment promotion and protection agreements with Egypt, Indonesia, Jordan, Korea, Romania, Singapore and Thailand. They are in the course of negotiating such agreements with Fiji, Malaysia and the Philippines. The agreements already concluded guarantee that British investors will receive the same treatment as national investors or other foreign investors and that they will receive prompt, adequate and effective compensation in the event of expropriation. It would not be practical to link the conclusion of such agreements with the grant of aid to developing countries. The new Lomé Treaty signed on 31st October has attached to it a joint declaration about the non-discriminatory treatment of investments from Member States of the EEC.