Legal Certainty to Attract Investment | Seguridad jurídica para atraer inversión

By Correo del Sur:

Spanish business leaders say legal certainty is key to attracting investment to Bolivia

During King Felipe VI’s visit, representatives of the Spanish Chamber of Commerce highlighted the country’s potential in mining, energy and agriculture

King Felipe VI met with Spanish business leaders and Bolivian representatives.

Strengthening legal certainty is one of the fundamental elements for Bolivia to attract greater foreign investment, according to the president of the Official Spanish Chamber of Commerce in Bolivia, Ildefonso Núñez López, during King Felipe VI’s visit to the country.

The business representative emphasized that Bolivia has significant productive potential in several strategic sectors, although he stressed that in order to materialize new projects it is necessary to reinforce legal conditions that provide stability and certainty to international investors.

“If adequate conditions are created, let’s say legal ones, then international companies can come, not only Spanish ones but from any other country,” said Núñez López, insisting on the need to create a favorable environment for the arrival of foreign capital. “The conditions must be generated so that companies can come,” he added.

The issue was discussed in meetings among business representatives during the agenda related to the Spanish monarch’s visit. In those meetings, advancing a draft arbitration law was also proposed, considered an instrument that could offer greater legal guarantees for international companies interested in establishing themselves or expanding operations in Bolivia.

Núñez López emphasized that the sectors with the greatest development prospects in the country are linked to the exploitation and use of natural resources. “The important sectors here in Bolivia in general, to be developed, are those in which Bolivia has products, such as mining, gas, oil, as well as agriculture and livestock. These are the sectors that must continue to develop in Bolivia,” he stated.

During the meeting, other areas with possibilities for growth in foreign investment were also identified, including mining, the exploitation of rare earth elements, and the energy sector, which rank among the activities with the greatest potential to attract international capital.

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