CONFIDENTIAL
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10
confidence.
Article 14 of the initialled text therefore
provides that the agreement will remain in force for 20 years in
the first instance, and will then be extended for periods of ten
years, with each Contracting Party reserving the right to
terminate upon notice of at least a year before the date of
expiry of each period of validity.
26.
for
The second sub-paragraph, Article 14(2), provides that,
investments
to invest made before
or
commitments
termination, protection under the agreement would continue to
apply for 20 years.
The French side felt that the addition was
essential for promoting long-term investments.
SINGNATURE ETC
27.
This is in line
The reference in the Hong Kong model to authorisation
of signatories by their respective Governments was deleted.
with French practice as regards international
In the case of Hong Kong, the signatory will be
duly authorised.
The agreement will be signed in duplicate
rather than in triplicate as both sides held the view that two
sets of the Agreement would be sufficient.
agreements.
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