Singapore investors can benefit from concessions which are premised on a negative list approach. With regards to national treatment and most favoured nation treatment, each Party shall accord to investors of the other Party treatment no less favourable than that it accords to investors of any non-Party with respect to the establishment, acquisition, expansion, management, conduct, operation, and sale or other disposition of investments in its territory.

Neither Party shall nationalise or expropriate unless such a measure is taken on a non-discriminatory basis for a public purpose. The expropriation shall be accompanied by a payment considered adequate and effective compensation. The compensation shall be equivalent to the fair market value of the expropriated investment.

All transfers relating to investments shall be made freely and without delay into and out of its territory.

Peru’s investment reservations for existing measures and liberalisation commitments are listed in Annex 11B. The investment reservations for future measures are listed in Annex 11D.