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National People’s Assembly approves draft investment law

The deputies of the National People’s Assembly (APN) adopted the investment bill by a majority on Monday, during a vote that took place during a session with limited debate, chaired by Mr. Brahim Boughali, President of the APN, in the presence of the Minister of Industry, Ahmed Zeghdar and the Minister of Relations with Parliament, Besma Azouar.

The Minister of Industry made a presentation on the main measures contained in the text of the law, which aim as a whole to develop priority sectors of activity with high added value, ensure sustainable and balanced territorial development, enhance the resources and local raw materials, promote technology transfer and develop innovation and the knowledge economy.

The text also targets the generalization of the use of new technologies, the revitalization of the creation of permanent jobs, the promotion of the competence of human resources, and the strengthening and improvement of the competitiveness and export capacity of the national economy.

The Committee for Economic Affairs, Development, Industry, Trade and Planning at the National People’s Assembly also presented during this session its report on the text of the investment law in which it highlighted the importance of measures aimed at removing barriers to national and foreign investment.

It emphasized the urgency of enacting the implementing texts of this law, while ensuring the implementation of support policies under a forward-looking and inclusive vision.

In its report, the commission said it had taken note with satisfaction “of the measures aimed at re-establishing regional balance, particularly in the regions of the South, the far south and the highlands, thanks to the launch of productive activities “.

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