WASHINGTON, — The United Nations Conference on Trade and Conference (UNCTAD) says 36 countries, including Algeria, have carried out major reforms over the past six months to improve their business climate.

In its Investment Policy Monitor report released here, UCTAD adds that a total of 53 investment policy measures were taken in those countries between May and October 2016 and that “among the most important policy measures are the adoption of new investment laws in Algeria, Myanmar, Namibia and Tunisia”.

UNCTAD says the new investment code in Algeria, adopted in July 2016, will help 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.

In September, the UN agency said it expected that the change in investment policy in Algeria would help the country attract more foreign direct investments (FDIs).

UNCTAD’s Investment Policy Monitor also notes the conclusion of more international investment agreements.

Source: Nam News Network

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