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Law / Promoting FDI and SDGs through judicial development
« on: July 25, 2019, 07:26:49 PM »
Sustainable development and Foreign Direct Investment (FDI) are somehow strongly connected which is widely recognised by a large number of policy instruments. For example, the Rio Earth Summit 1992 affirmed that investment is critical to the ability of developing countries to achieve needed economic growth to improve the welfare of their population and to meet their basic needs in a sustainable manner. The Monterrey Consensus and World Summit on Sustainable Development (2000) also recognised that mobilising FDI is important to achieve the goals of eradicating poverty, effectuating economic growth and promoting sustainable development. Goal 17.5 of the UN Sustainable Development Goals (SDGs) sets a target for adopting and implementing investment promotion regime for the least developed countries. Therefore, FDI is recognised for its role in establishing economic foundation of achieving sustainable development which eventually prompts the developing countries to extend the investors some broad standards of protection and incentives even with a little or no corresponding obligations.
Link: https://www.thedailystar.net/law-our-rights/news/promoting-fdi-and-sdgs-through-judicial-development-1775374
Link: https://www.thedailystar.net/law-our-rights/news/promoting-fdi-and-sdgs-through-judicial-development-1775374