ARTICLE 2 PROMOTION AND ADMISSION OF INVESTMENTS 1. Each State Party shall promote investments in its territory, and admit such investments in accordance with its laws and regulations. 2. The Host State shall facilitate and . create favourable conditions to attract investmer)ts in its territory . through suitable administrative measures and in particular in the .matter of expeditious clearance of authorisations in accordance with its laws and regulations. ARTICLE 3 PROMOTION OF LOCAL AND REGIONAL ENTREPRENEURS 1. 2. State Parties shall support the development of local and regional entrepreneurs and enhance regional productive capacity within the Region through, inter alia: (a) skills development and enhancement programmes; (b) SMME development; (c) appropriate investments into supporting infrastructure; and (d) other supply-side measures and policies necessary to enhance global competitiveness. In providing support described in paragraph 1 of this Article, State Parties may place emphasis on industries that provide up-stream and down-stream linkages and have a favourable effect on attracting foreign direct investment and generating increased employment. ARTICLE4 PUBLIC PRIVATE PARTNERSHIPS State Parties shall co-operate on policies and other related issues that will encourage and facilitate the use of PPPs to ensure development in the Region. ARTICLE 5 INVESTMENT PROTECTION 1. Investments shall not be nationalised or expropriated in the territory of any State Party except for a public purpose, under due process of law, on a non-discriminatory basis and subject to the payment of fair and adequate compensation. 9