Algeria, Namibia and Tunisia Adopt New Investment Laws

Three African countries are part of the 36 globally that took new investment policy measures between May and October 2016.

According to the United Nations Conference on Trade and Development’s (UNCTAD) Investment and Policy Monitor, the measures totaling 53 relate to liberalizing foreign investment.

Boosting foreign investment is a vital means of reviving a stagnant global economy. Investment promotion and facilitation measures also play a significant role.

Algeria, Namibia and Tunisia join Myanmar and other developing and transition countries in the adoption of new investment laws.

During the reporting period other important developments were the adoption of a comprehensive investment liberalization strategy in India; new establishment of foreign enterprises in China; and policies to open up various industries in Bahrain, Indonesia, the Phillipines and Saudi Arabia.

Brazil reversed its decision to allow full foreign ownership for domestic airlines.

More international investment agreements (IIAs) were also made during the same period.

In September, G20 leaders who represent more than two thirds of global foreign direct investment (FDI) adopted the Guiding Principles for Investment Policymaking which aim to improve the global policy environment and promote FDI for inclusive economic growth and sustainable development.

This post first appeared HERE

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