FOREIGN INVESTMENT GUARANTEES IN ALGERIA.
Main Article Content
Abstract
Algeria recognizes the advantages and importance of foreign investments and has revisited its domestic laws by issuing Order 06-08, amending the Investment Law, which contains more effective guarantees. In addition to this, Algeria has ratified international treaties and entered into bilateral agreements. It also considers international commercial arbitration as a means to settle investment disputes due to its independence and effectiveness in this regard.
While these guarantees provided to foreign investors create a suitable investment climate, they are not sufficient. Foreign investors now consider the overall investment environment, despite the significant changes Algeria has undergone in recent years, including its efforts to join the World Trade Organization (WTO). Achieving a favorable investment climate requires a comprehensive and holistic perspective that aligns with the broader view of necessary reforms, primarily focused on completing the final selection of a market economy.
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
References
Decree 01-03 dated 20/08/2001 related to investment development.
Legislative Decree 93-12 dated 05/10/1993 related to investment promotion - Official Gazette, Issue 64, dated 10/10/1994.
Executive Decree No. 01-280 dated 24/09/2001 specifying the powers of the National Agency for Investment Development - Official Gazette, Issue 55, dated 26/09/2001.
Law 90-10 concerning transport and borrowing, dated 18/04/1990 - Official Gazette, Issue 16, dated 18/04/1990.
Law No. 86-13 dated 19/08/1986, amending Law No. 82-13 dated 28/08/1982 related to the establishment and management of mixed economy companies - Official Gazette, Issue 35, dated 27/08/1986.
Law No. 91-21 dated 04/12/1991, amending and completing Law No. 86-14 dated 19/08/1986 related to activities of prospecting, research, exploitation, and transportation of hydrocarbons by pipelines - Official Gazette, Issue 63, dated 07/12/1991.
Refer to Article 42 of Law No. 08-09 dated 25/02/2008, concerning the Civil and Administrative Procedure Code - Official Gazette, Issue 21, dated 23/04/2008.
Rafika Qasouri - "The Legal System of Foreign Investment in Developing Countries" - Doctoral Thesis - Faculty of Law and Political Science - Batna University - Algeria - Academic Year 2010/2011.
Yassin Qorfi - "Investment Guarantees in Algerian Legislation" - Master's Thesis - University of Mohamed Khider - Biskra - Algeria - Academic Year 2007/2008.
Omar Hashem Mohamed Sadaqa - "Guarantees for Foreign Investments in International Law" - Dar Al-Fikr Al-Jamee - Alexandria, Egypt.
Kamal Alyush Qurbu - "Investment Law in Algeria" - Diwan Al-Matba'at Al-Jamee - Ben Aknoun - Algeria - 2nd Edition - 1999.
Fawzi Mohamed Sami - "International Commercial Arbitration" - Dar Al-Thaqafa for Publishing - Amman, Jordan - 2010 - Page 13.
Bashar Mohammad Al-Asaad - "The International Effectiveness of Arbitration in International Investment Contract Disputes" - Al-Halabi Legal Publications - Beirut, Lebanon - 1st Edition - 2009 - Page 126.
Mohand and Ali Aibout - "Legal Protection for Foreign Investments in Algeria" - Doctoral Thesis - Mouloud Mammeri University - Tizi Ouzou - Algeria - Academic Year 2005/2006 - Page 237.