West African Cote D'Ivoire Will Reinvest Investment Regulations To Promote Textile And Other Industrial Development.
In West African countries, Cote d'Ivoire is one of the few countries that has not revised its investment rules for many years.
The current investment rules of Cote d'Ivoire have continued for 15 years and have brought significant economic results to Ivory Coast.
World Bank
doing business
In the report, 169th out of 183 countries, Cote d'Ivoire, showed that Ivory Coast's business conditions were unfavorable to investment.
In addition, local industrialization is not very high. Only 1.5% of cocoa is processed into finished products, only 25% processed to semi-finished products.
Less than 5% of cashew nuts are processed to finished products, while bananas, pears, textiles and others lose their potential in local processing.
Where will the Ivory Coast industry go?
Facing the post war situation, the Ivory Coast Ministry of industry will start revising the investment law as a boost to the development of textile and other industries.
The new investment law in the future will help to encourage domestic investment, because the time and space background of the investment law in 1995 is based on
Attracting foreign investment
This led to erosion of the investment niche in Ivory Coast.
At present, the revised investment law has been set up by experts. The conditions are generally supported by industry and trade unions, and the revision is scheduled to be completed by the end of 2011.
This important regulatory period will complement the agricultural industry and will not only attract foreign direct investment, but also encourage domestic investors to invest.
To this end, the Ivory Coast Ministry of industry announced the establishment of a single window for investment services to actively resolve.
Investor
The problems encountered.
In addition, the government's improper management, acquisition of rural land, fraud, corruption, free flow of personnel and property, remittance and remittance of funds will be included in the revision of the new law. This will enable the law to meet the needs of social and economic development and make significant contributions to the development of the country.
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