APS : Tuesday, 08 November 2016
WASHINGTON- Thirty-six countries, including Algeria, have carried out major reforms over the past six months to improve their business climate, said a report published Monday by the United Nations Conference on Trade and Conference (UNCTAD).
A total of 53 investment policy measures were taken in those countries between May and October 2016, said UNCTAD’s latest Investment Policy Monitor.
“Among the most important policy measures are the adoption of new investment laws in Algeria, Myanmar, Namibia and Tunisia,” said the report.
UNCTAD said that the new investment code in Algeria, adopted in July 2016, would promote and facilitate investments.
The code provides for tax cuts and tax incentives, particularly for imported products and services intended for the launch of investment projects, said the report.
In September, the UN organization expected that the change in investment policy in Algeria would draw more foreign direct investments (FDIs).
UNCTAD’s Investment Policy Monitor also notes the conclusion of more international investment agreements.