Cote D'Ivoire Will Redevelop Investment Regulations To Promote The Development Of Textile Industry

In West African countries, Cote d'Ivoire is a minority that has not been revised for many years.

In the world bank's business environment report, Cote d'Ivoire ranked 169th in 183 countries.

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.

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 mainly to attract foreign investment, resulting in the territory of 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 address the problems faced by investors.

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.