US embassy cable - 05PRAGUE1295

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CZECH REPUBLIC: REACTION TO USG REPLY TO THE BILATERAL INVESTMENT TREATY

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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