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In Brief: Czech investment deal

In Brief: Czech investment deal

CAMBODIA and the Czech Republic have signed an investment agreement to protect nationals investing in either nation. The Promotion and Reciprocal Protection of Investments agreement is set to be approved by the National Assembly on Monday, said Cheam Yeap, a lawmaker with the ruling Cambodian People's Party (CPP). Cheam Yeap said the agreement would be valid for 10 years once both sides had approved it, and would protect Cambodian and Czech private investors equally. Opposition lawmaker Son Chhay told the Post that Prague wanted the deal to protect its investors from widespread corruption.

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