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. This strategy aims to stimulate economic growth, transfer technology, and generate employment by reducing bureaucratic barriers, ensuring fair dispute resolution, and offering incentives. By addressing issues such as policy uncertainty, excessive restrictions, and inadequate legal protections, these policies foster a favorable investment climate and promote sustainable development.

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.