Legal framework for cooperation relations with Romania updated and extended
The Moldovan executive submitted the Protocol to the Agreement on Reciprocal Promotion and Protection of Investments between the Governments of Moldova and Romania, which was signed in Bucharest on November 13, 2009, to the Parliament for ratification, Info-Prim Neo reports.
According to Deputy Prime Minister and Minister of Economy Valeriu Lazar, the Agreement on Reciprocal Promotion and Protection of Investments was signed on August 14, 1992. When becoming a member of the EU, Romania pledged to eliminate the incompatibilities between the community law and all its international agreements.
Lazar stressed that the Protocol will not affect the investment flows from one country into the other, while the investors will be treated fairly.
The Protocol guarantees the free transfer of capital and the additional sums designed to maintain and increase the investments, the revenues from investments, the payment on loans for investments, etc.
The executive also empowered Minister of Information and Communication Technology Nicolae Oleinic to sign the memorandum on cooperation in ICT between the Governments of Moldova and Romania.
The memorandum envisions the implementation of a number of measures aimed at ensuring the exchange of experience in building an e-Government, the use of digital signature and the circulation of electronic documents, assessing the compliance of the products and standardization in ICT, etc.
A joint coordination committee will be set up to identify and monitor the implementation of projects of mutual interest in the field.