in particular in the matter of expeditious clearance of authorisations in
accordance with its laws and regulations.
3.
For the purposes of creating a predictable investment climate, State
Parties shall not arbitrarily, and without good reason, amend or
otherwise modify to the detriment of investors, the terms, conditions
and any benefits specified in the letter of authorisation.
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.
ARTICLE 4
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
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 nondiscriminatory basis and subject to the payment of prompt, adequate and
effective compensation.
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