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. 30

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