The Legal Framework for Foreign Direct Investment in the Hashemite Kingdom of Jordan

in The Journal of World Investment & Trade
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The Legal Framework for Foreign Direct Investment in the Hashemite Kingdom of Jordan

in The Journal of World Investment & Trade

References

  • I United Nations Conference on Trade and Development, World Investment Report 1999: Foreign Direct Investment and the Challenge of Development, (New York: United Nations, 1999). 2 P. Brenton, Trade and investment in Europe: The impact of the next enlargement, (Brussels: Centre for European Policy Studies, Brussels, 1999). 3 See for example R. Levine and D. Renelt, "A Sensitivity Analysis of Cross-Country Growth Regressions," American Economic Review 82, no. 4 (1992); and D. Dollar and A. Kraay, "Institutions, Trade and Growth,"Journal of Monetary Economics 50, no. 1 (2003). 4 In 2002 the World Bank reported that Jordan's privatisation programme 'ranks as one, if not the most, successful programmes in the Middle East region... A closer look at how Jordan managed to activate a stagnant privatisation programme and achieve so much in so short a time holds important lessons for governments as well as privatisation practitioners... the honours go to the government and people of Jordan for steadfastly dealing with the overwhelmingly complex issues one-by-one and making the [privatisation] programme a grand success.' Research Department at the Export and Finance Bank, "Jordan's Privatisation Programne one of the most Successful in the Region - World Bank," Jordan Times, March 4, 2002.

  • 5 The Ministry of Foreign Affairs, Business and Investment Guide, (2004) [accessed September 10, 2009]; available from http://www.mfa.gov.jo/pages.php?menu_id=72. 6 See for instance Z.M. Agaileh, "Legal Extension of the Term of the Lease: a Comparative Study of Jordanian and English law", (South Bank University, 2001). 7 Royal Hashemite Court, The Constitution of the Hashemite Kingdom ofjordan, (2001) [accessed Oct 4, 2009]; available from http://www.kinghussein.gov jo/constitution_jo.html. 8 Article 24, 25, 26 and 27 of the 1952 Constitution of the Hashemite Kingdom of Jordan.

  • 9 A. Gharaibeh, "Foreign Direct Investment Incentives the Case ofjordan", (University of Hull, 1997).

  • 10 Middle East Executive Reports, Amid Regional Jordan Continues its Efforts to Improve Investment Climate, vol. 25/1, (Washington, DC: Middle East Executive Reports, 2002).

  • 11 Article 3 of the Non-Jordanian Investment Promotions Regulation No. 54 of 2000.

  • 12 Article 6 of Regulation No. 54 of 2000, Regulating non-Jordanian Investments Regulation, published in the Official Gazette under 16-11-2000/4445, p. 4425. 13 Ibid.

  • 14 O. Schlumberger, "Transition to Development?," injordan in Transition, 1990-2000, ed. G. Joffe. (London: C. Hurst, 2002). 15 Article 18 of the Interim Investment Promotion Law No. 68 of 2003. �6 Euro-Mediterranean Network of Investments Promotion Agencies, Country Perspectines: Jordan, the investment promotion aRency: JIB, (2003) [accessed Nov 10, 2009]; available from http://www.animaweb.org/ pays_jordanie agencepromotion en.php.

  • 17 United States Department of the State, Jordan 2009 Investment Climate Statement, (2009) [accessed Nov 12, 2009]; available from http://www.state.gov/e/eeb/rls/othr/ics/2009/117412.htm. 18 The High Court of Justice Resolution No. 97/97, BA), 1998, p. 778, cited in Law and Arbitration Center, Investment Laws, (Law and Arbitration Center, Bulletin 1, 2001).

  • 19 Article 3 of the Appropriation Law No. 12 of 1987, published in Official Gazette under 1-4-1987/3468, p. 655. 21 Income Tax Law No. 57 of 1985 as amended by Law No. 4 of 1992, Law No. 14 of 1995, and Law No. 25 of 2001. 21 Article 2 of Interim Investment Promotion Law No. 68 of 2003.

  • zz Article 3/B of Interim Investment Promotion Law No. 68 of 2003. z3 D. Chen, Reformulating the Tax Incentive Program in Jordan: Analysis and Recommendations, (U.S. Agency for International Development for the Amid Programme in Jordan, 2004), p. 8. 24 Article 3 of the Labour Law and its amendments No. 8 of 1996.

  • zs Article 10 of the Labour Law of 1996; This amendment to the law was adopted on 16 May 2004 and published in the Official Gazette under 4658/2004-05-16. zh Article 15/A of the Labour Law and its amendments No. 8 of 1996.

  • 27 Section 27 of the Labour Law and its amendments No. 8 of 1996. zA Published in the Official Gazette under 4511/2001-10-16, p. 4483. 29 O. Al Farawati, "Controversial Labour Law Article Amended,"Jordan Times, September 25, 2001. 5� Article 20 of the Labour Law and its amendments No. 8 of 1996. 31 Ibid..

  • 32 Article 4 of the Social Security Law No. 19 of 2001. 33 This Law was amended in 2002.

  • z Centre for Administrative Innovation in the Euro-Mediterranean Region, Policies for business in the Mediterraneean Countries: Jordan, (2004) [accessed Nov 10, 2009]; available from http://www.innovations.harvard. edu/cache/documents/8879.pdf.

  • 35 Ibid. 3s T. Ayyoub, "Companies Law Amendment Welcomed by Some, Others Call for Additional Changes," Jordan Times, May 9, 2002. 37 Ibid. 3a A. Nawafleh, "The Legal Environment and Foreign Direct Investment: Jordan as a Case Study." (University of Westminster 2008). '9 United States Government Accountability Office. Fom Free Trade Agreements GAO Reviewed Have Resulted in Commercial Gains, but Challenges in Labor and the Environment Remain (United States Government Accountability Office GAo-09-439, 2009), p. 27. au United Nations Conference on Trade and Development. World Investment Report 2009: Transnational Corporations, Agricultural Production and Development (United Nations, 2009), p. 253.

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