Investment Promotion. 1. Each Contracting Party shall promote investments in its territory by investors of the other Contracting Party and admit such investments in accordance with its legislation.
2. In particular, each Contracting Party shall permit the conclusion and the carrying out of licensing agreements and contracts for commercial, administrative or technical assistance, in so far as these activities were related to investments.
Investment Promotion. The ACP States, the Community and its Member States, within the scope of their respective competencies, recognising the importance of private investment in the promotion of their development cooperation and acknowledging the need to take steps to promote such investment, shall:
a) implement measures to encourage participation in their development efforts by private investors who comply with the objectives and priorities of ACP-EC development cooperation and with the appropriate laws and regulations of their respective States;
b) take measures and actions which help to create and maintain a predictable and secure investment climate as well as enter into negotiations on agreements which will improve such climate;
c) encourage the EU private sector to invest and to provide specific assistance to its counterparts in the ACP countries under mutual business cooperation and partnerships;
d) facilitate partnerships and joint ventures by encouraging co financing;
e) sponsor sectoral investment fora to promote partnerships and external investment;
f) support efforts of the ACP States to attract financing, with particular emphasis on private financing, for infrastructure investments and revenue generating infrastructure critical for the private sector;
g) support capacity building for domestic investment promotion agencies and institutions involved in promoting and facilitating foreign investment;
h) disseminate information on investment opportunities and business operating conditions in the ACP States; and
i) promote national, regional and ACPEU private sector business dialogue, cooperation and partnerships, in particular through an ACP-EU private sector business forum. Support for operations of an ACP-EU private sector business forum shall be provided in pursuit of the following objectives:
i) to facilitate dialogue within the ACP/ EU private sector and between the ACP/EU private sector and the bodies established under the Agreement;
ii) to analyse and periodically provide the relevant bodies with information on the whole range of issues concerning relations between the ACP and EU private sectors in the context of the Agreement or, more generally, of economic relations between the Community and the ACP countries; and
iii) to analyse and provide the relevant bodies with information on specific problems of a sectoral nature relating to, inter alia, branches of production or types of products at regional or sub-regional level.
Investment Promotion. The Parties shall help to create an attractive and stable environment for reciprocal investment. Such cooperation shall take the form inter alia of:
(a) arrangements for information, identification and dissemination relating to legislation and investment opportunities;
(b) support for the development of a legal environment conducive to investment between the Parties, where appropriate, by the conclusion between the Member States and Mexico, Of agreements to promote and protect investment and agreements to prevent double taxation;
(c) the development of harmonised and simplified administrative procedures;
(d) the development of mechanisms for joint investments, in particular, with the small and medium-sized enterprises of both Parties.
Investment Promotion. The Parties recognize the importance of promoting investment and technology flows between them as a means for achieving economic growth and development. Co-operation in this respect shall include:
(a) appropriate means of identifying investment opportunities and information channels on investment regulations;
(b) the provision of information on the Parties’ measures promoting investment abroad (technical assistance, financial support, investment insurance, etc.);
(c) the planning and implementation of development projects, including for the participation of foreign investors.
Investment Promotion. The Parties recognize the importance of promoting investment and technology flows between them as a means of achieving economic growth and development. Co- operation in this respect shall include:
a) appropriate means of identifying investment opportunities and information channels on investment regulations;
b) the provision of information on the Parties’ measures promoting investment abroad (technical assistance, financial support, investment insurance, etc.);
c) the planning and implementation of development projects, including for the participation of foreign investors;
d) encouraging the creation of joint ventures, especially for SMEs and, when appropriate, the conclusion of agreements between Turkey and Egypt.
Investment Promotion. The Parties agree to promote investments within the EAC Partner State(s) in the following areas:
(a) supporting reforms in the policies, legal and regulatory frameworks;
(b) supporting enhancement of institutional capacities, in particular, capacity building for investment promotion agencies of the EAC Partner State(s) and institutions involved in promoting and facilitating foreign and local investment;
(c) supporting the establishment of appropriate administrative structures, including one-stop shops, for the entry and setting up of investments;
(d) supporting the creation and continuity of a predictable and secure investment climate;
(e) supporting efforts of the EAC Partner State(s) to design revenue generating instruments to mobilise investment resources;
(f) establishing and supporting risk insurance schemes as a risk-mitigating mechanism in order to boost investor confidence in the EAC Partner State(s);
(g) supporting the establishment of mechanisms for exchange of information between investment agencies of the EAC Partner State(s) and their counterparts in the EU;
(h) encouraging private sector investments from the EU in the EAC Partner State(s);
(i) supporting the establishment of financial frameworks and instruments adapted to the investment needs of small and medium-sized enterprises; and
(j) facilitating partnerships through joint ventures and capital financing.
Investment Promotion. The Parties recognise the importance of promoting cross-border investment and technology flows as a means for achieving economic growth and development. Cooperation in this respect may include:
(a) identifying investment opportunities;
(b) exchange of information on measures to promote investment abroad;
(c) exchange of information on investment regulations;
(d) assistance of investors to understand the investment regulations and the investment environment in both Parties; and
(e) the furthering of a legal environment conducive to increased investment flows.
Investment Promotion. 1. Each Contracting Party shall encourage in its territory, subject to its general policy in the field of foreign investment, the investments of investors of the other Contracting Party and admit them in accordance with its domestic law.
2. Each Contracting Party shall, in accordance with its domestic law, grant the necessary authorizations relating to investments referred to in paragraph 1 of this article, including the carrying out of licensing agreements and contracts for commercial, administrative, or technical assistance.
3. In order to create favourable conditions for assessing the financial position and results of activities related to investments in the territory of a Contracting Party, the latter, notwithstanding its own requirements for bookkeeping and auditing, shall permit the investment to be subject also to bookkeeping and auditing standards according to which the investor is subjected in accordance with its national laws or rules of internationally accepted accounting and drawn up by the International Accounting Standards Committee. The results of such accountancy and audit shall be transferred to the investor free of charge.
Investment Promotion. 1. The Parties recognize the importance of promoting cross-border investment and technology flows as a means for achieving economic growth and development. Co- operation in this respect may include:
(a) appropriate means of identifying investment opportunities and information channels on investment regulations;
(b) the provision of information on the Parties’ measures to promote investment abroad (technical assistance, financial support, investment insurance, etc.);
(c) the furthering of a legal environment conducive to increased investment flows, including through the conclusion of bilateral agreements; and
(d) the development of mechanisms for joint investments, in particular with small and medium enterprises.
2. The Parties recognize that it is inappropriate to encourage investment by relaxing health, safety or environmental standards.
Investment Promotion. 1. No funds or other support provided under this agreement may be used in a project or activity reasonably likely to involve the relocation or expansion outside of the United States of an enterprise located in the United States if non-U.S. production in such relocation or expansion replaces some or all of the production of, and reduces the number of employees at, said enterprise in the United States.
2. No funds or other support provided under this agreement may be used in a project or activity the purpose of which is the establishment or development in a foreign country of any export processing zone or designated area where the labor, environmental, tax, tariff, and safety laws of the country would not apply, without the prior written approval of USAID.
3. No funds or other support provided under this agreement may be used in an activity that contributes to the violation of internationally recognized rights of workers in the cooperating country, including those in any designated zone or area in that country.
