Identifier
Created
Classification
Origin
05PRAGUE1295
2005-09-06 16:43:00
UNCLASSIFIED
Embassy Prague
Cable title:  

CZECH REPUBLIC: REACTION TO USG REPLY TO THE

Tags:  EINV EZ 
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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