Promotion and Protection of FDI

Nowadays, the notion of sustainable development and reduction of poverty have become some of the most popular concepts. Foreign direct investment is also deemed a necessary instrument of development in developing and/or least developed countries such as Ethiopia. As a general matter of fact foreign direct investment is, currently, welcomed by every country of the world. However, the degree and extent may differ in practice. It is a common knowledge that foreign investors look for countries which promote and protect FDI. They always look for political and economic stability, the existence of laws and regulationns conducive for FDI and their non-discriminatory implementation and enforcement.