Admission of Foreign Investment shall be made in accordance with the provisions of FIPPA and with due observance of other prevailing laws and regulations of the Country, for the purpose of development and promotion of producing activities in industry, mining, agriculture and services, and based on the following criteria:
a) Bring about economic growth, upgrade technology, and enhance the quality of products, increase employment opportunities and exports;
b) Does not pose any threat to the national security and public interests, and cause damage to the environment; does not disrupt the Country’s economy and jeopardize the production by local investments;
c) Does not entail grant of concessions by the Government to Foreign Investors. Concession means special rights which place Foreign Investors in a monopolistic position.
