ARTICLE 20
CONDITIONS FAVOURING LEAST DEVELOPED COUNTRIES
1.
State Parties shall establish conditions favouring the participation of
least-developed countries of SADC in the economic integration
process, based on the principles of non-reciprocity and mutual benefit.
2.
For the purpose of ensuring that least-developed countries of SADC
receive effective preferential treatment, State Parties shall investigate
the establishment of market openings as well as the setting up of
programmes and other specific forms of cooperation including in
relation to derogations in respect of investment incentives.
ARTICLE 21
ADHERENCE TO INTERNATIONAL CONVENTIONS AND PRACTICES
State Parties may consider acceding to multilateral agreements on investment
designed to promote or protect investments, such as:
(a)
the ICSID Convention of 1965;
(b)
the MIGA Convention, 1985; and
(c)
the New York Convention, 1958.
ARTICLE 22
REGIONAL COOPERATION ON INVESTMENT
State Parties shall through their relevant institutions promote regional
cooperation in the area of investment, including PPPs, to ensure development
in the Region;
ARTICLE 23
INVESTMENT PROMOTION AGENCIES
State Parties shall ensure that their IPAs:
(a)
carry out their investment promotion activities, in line with their national
and regional development priorities;
(b)
advise the Government of that State Party, the private sector and other
stakeholders in the formulation and review of policies and procedures
that affect investment and trade; and
(c)
increase awareness of their investment incentives, opportunities,
legislation, practices, major events affecting investments and other
relevant activities through regular exchange of information.
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