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| Identifier: | 05PRAGUE1295 |
|---|---|
| Wikileaks: | View 05PRAGUE1295 at Wikileaks.org |
| Origin: | Embassy Prague |
| Created: | 2005-09-06 16:43:00 |
| Classification: | UNCLASSIFIED |
| Tags: | EINV EZ |
| Redacted: | This cable was not redacted by Wikileaks. |
This record is a partial extract of the original cable. The full text of the original cable is not available.
UNCLAS PRAGUE 001295
SIPDIS
SENSITIVE BUT UNCLASSIFIED
STATE FOR EUR/NCE, EB/IFD/OIA, L
STATE PLEASE PASS USTR LISA ERRION
COMMERCE FOR ITA/MAC/EUR MROGERS
E.O. 12958: N/A
TAGS: EINV, EZ
SUBJECT: CZECH REPUBLIC: REACTION TO USG REPLY TO THE
BILATERAL INVESTMENT TREATY
REF: A. PRAGUE 1191
B. SECSTATE 154823
Econoff delivered on August 24 the USG rely to the Bilateral
Investment Treaty (BIT) (reftel B) to Vaclav Rombald, Head of
the Legal Section at the Ministry of Finance, and to Vladimir
Kotzy, Director of the Bilateral Economic Relations
Department at the Ministry of Foreign Affairs. Post has not
yet received an official reply. However, Rombald told
econoff September 1 that he was not certain whether
"clarifications or assurances" vice amending the BIT would be
sufficient from the Czech legal point of view, and that this
is currently up for internal GOCR discussions. Rombald also
expressed his dismay that foreign investors tend to view BITs
as an "insurance policy covering their failures in conducting
their business activities." Post does not anticipate an
official GOCR response until sometime after its BIT progress
report to Parliament in October.
CABANISS
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