Western Balkans Draft Joint Plan on Foreign Investments

TIRANA, September 7

Albania and the five other countries of the Western Balkans, Bosnia and Herzegovina, Kosovo, Macedonia, Montenegro, and Serbia have completed the draft on investment cooperation. This is an initiative launched in the frame of the joint plan on regional integration.
According to the Regional Cooperation Council, the investment draft includes:

A specified legal framework on Foreign Direct Investments (FDI)
Acceptance of international agreements on investments
Facilitation for a more favorable business climate
Harmonized Tax system for investments
Harmonization of policies and labor force skills
Joint efforts for promoting investment opportunities

This document aims at boosting regional competitiveness and the capacity for attracting Foreign Direct Investments, especially in the industry sectors driven by exports.
The survey has completed the process of national consulting and it will be scrutinized by SEEIC-CEFTA Joint Working Group on Investments.
The final draft of the survey was completed and it also includes the EU recommendations concerning reforms in the investment sector.
The goal of the joint investment strategy is to improve the business climate in the six countries that are part of the initiative. Another important aim of the initiative is to achieve an improvement of the policies in the countries of the region.

News Source: Monitor

Photo Credit: Wiki Commons