Geneva, 14 April 2010 - A new UNCTAD study outlines the legal framework for private investment in Angola in an effort to systematize information on the country´s investment situation.
The national study in Portuguese, released today, was prepared as part of UNCTAD assistance to strengthen Angolan capacities in the field of investment. To promote investment in Angola and successfully conclude international investment agreements (IIA), the government must reinforce the legal framework for investment, and the report aims to contribute to a better understanding of the Angolan framework and its historic development.
The study gives an overview of Angolan laws and decrees regulating private investment, in particular foreign direct investment. The development of the legal framework since Angola´s independence in 1975 is described, and its impact on investment flows is briefly assessed. In addition, national institutions concerned with investment are introduced and their historic development described. Angola´s involvement in international conventions and regional agreements on investment is also analysed. An overview of the international agreements on foreign investment signed by Angola follows. Some examples of investment contracts between Angola and private investors also are provided.
About UNCTAD assistance
The study was prepared in the context of UNCTAD training activities to strengthen Angolan capacities in the field of investment. It was carried out by the UNCTAD TrainForTrade programme and the Division on Investment and Enterprise. Preliminary results were announced during a TrainForTrade workshop on international investment agreements held in Luanda in 2008. These results formed the basis for an in-depth analysis.
The UNCTAD TrainForTrade programme for Angola aims at assisting the Angolan government in the implementation of locally owned national training and capacity-building activities in the field of international trade and investment. The project is funded by the European Commission.
