Establishing beneficial policies for foreign investment

Providing incentives to foreign private investment

Description

Establishing beneficial policies for foreign investment involves creating clear, stable, and transparent regulatory frameworks that attract and protect international investors while safeguarding national interests. This strategy aims to remedy barriers such as bureaucratic inefficiency, legal uncertainty, and restrictive ownership rules by streamlining procedures, offering incentives, and ensuring fair dispute resolution. The practical intent is to stimulate economic growth, technology transfer, and job creation through increased and sustainable foreign capital inflows.

Context

Bias against exports and in favour of inefficient import substitution should be removed and policies established that allow nations to benefit fully from flow of foreign investment, within the framework of national, social, economic and developmental goals.

Implementation

This strategy features in the framework of Agenda 21 as formulated at UNCED (Rio de Janeiro, 1992), now coordinated by the United Nations Commission on Sustainable Development and implemented through national and local authorities.