Investment Policy Monitor
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the Investment Policy Monitors and the UNCTAD-OECD Reports on G20 Measures.
In 2024, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2012 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for sustainable development.
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The UNCTAD's Investment Policy Monitor database include official measures affecting FDI adopted by United Nations Member States. These encompass measures explicitly targeting FDI (FDI-specific), as well as general investment measures with a clear impact on foreign investment (FDI-related). The measures are either reported directly to UNCTAD by Member States through annual surveys or identified by UNCTAD researchers through publicly accessible sources (such as government websites and specialized policy databases). The classification of measures as more or less favourable is based solely on their potential impact on investors.
Note: Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.
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- Angola - New Regulations on Local Content in the oil sector
Angola
New Regulations on Local Content in the oil sector
20 Oct 2020On 20 October 2020, Angola implemented Presidential Decree no. 271/20 on Local Content Regulations. The Decree introduces the following changes among others: • Local content rules are now applicable to all companies providing goods and services to the oil sector and not only to oil companies acting in the country as associates of the National Concessionaire (E&Ps). • A restrictive concept of "national company", limited to companies fully owned by Angolan citizens or Angolan companies as opposed to the previous framework that deemed as Angolan company entities held at least 51% by a local citizen or company. • Inclusion of the definition of "other companies" incorporated in Angola (but not fully owned by local shareholders) as companies incorporated under Angolan law. • The new law maintains three regimes for the acquisition of goods and services in the oil sector (exclusivity, preference and competition): (1) Activities subject to the exclusivity regime shall be performed and provided by Angolan companies as defined above (100% held by Angolan citizens or companies). (2) Activities that fall into the preference regime may be performed by companies incorporated under Angolan law, however preference is given to Angolan companies. (3) Goods and services not included in the exclusivity and preference lists may be provided by foreign entities.
Companies aiming to provide goods or services to the oil sector shall be registered and certified by the National Concessionaire before being hired for a particular contract (this includes Angolan companies, companies incorporated under Angolan law and foreign companies).
All contracts shall now include a local content clause. All technical assistance and foreign management agreements shall include a detailed programme on training, transfer of knowledge and technology and evidence of improvement of local staff skills. The contracting process involves now more than a simple commercial agreement between client and supplier/ provider. Companies in the oil sector value chain shall deliver to the National Concessionaire and/or the relevant ministry documents evidencing the commitment with the promotion of local entrepreneurship, diversification of the economy and training of local staff.
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Type:
- Treatment and operation (Operational conditions)
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Industry:
- Primary (Mining and quarrying)
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Sources:
- CenturionLG, The New Local Content Legal Framework for the Oil Gas Industry, https://centurionlg.com/2020/11/03/angola-new-regulations-on-local-content/, 03 Nov 2020
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the Investment Policy Monitors and the UNCTAD-OECD Reports on G20 Measures.
In 2024, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2012 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for sustainable development.
-
The UNCTAD's Investment Policy Monitor database include official measures affecting FDI adopted by United Nations Member States. These encompass measures explicitly targeting FDI (FDI-specific), as well as general investment measures with a clear impact on foreign investment (FDI-related). The measures are either reported directly to UNCTAD by Member States through annual surveys or identified by UNCTAD researchers through publicly accessible sources (such as government websites and specialized policy databases). The classification of measures as more or less favourable is based solely on their potential impact on investors.
Note: Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.