Support for the Harmonisation of Legislation Affecting Foreign Direct Investment
Support the establishment of an effective legal basis to foster economic development and attract investment:
To provide a comprehensive analysis of all normative acts and legal documents relating to business development;
– An “economic” analysis; This refers to the likely impact on attraction of FDI and, indirectly on economic growth – A “legal” analysis; this refers to the appropriateness of the law to the purpose, comparison of laws and -regulations with international standards and those of other countries, and consistency of the legal framework within. SCR (i.e. whether one law is consistent with, or contradicts another
To develop priorities, recommendations and proposals on how to improve the laws, legal documents and normative acts, and, if appropriate, their mechanisms of adoption
To provide training to strengthen the local capacity, in order to enable the beneficiary to undertake the routine legal and economic analysis of existing and new legal documents.
The recommendations should be in line with the Partnership and Co-operation Agreement (PCA) between the European Commission and KR.