This Report is presented to the States Assembly to notify Members of the conclusion of the Bilateral Agreement for the Promotion and Protection of Investments between the Government of Jersey and the Government of the United Arab Emirates, commonly referred to as “the Jersey-UAE Bilateral Investment Treaty” and described herein as “the Jersey-UAE BIT” or simply “the treaty”.
The Report contains:
i) Background to Bilateral Investment Treaties
ii) Government of Jersey policy on Bilateral Investment Treaties
iii) The negotiation of the Jersey-UAE BIT
iv) Key provisions of the Jersey-UAE BIT
v) Procedure for the entry into force of the Jersey-UAE BIT
vi) Financial and resource implications
The final text of the signed Jersey-UAE BIT is attached as Appendix 1 to this Report.