48th Year No. 21
PASTOFAN
OF THE PEOPLE'S DEMOCRATIC REPUBLIC OF ETHIOPIA
Addis Ababa, 5th July, 1989
CONTENTS
Council of State Special Decree No. 11/1989 Joint Venture Council of State Special Decree
COUNCIL OF STATE SPECIAL DECREE No. 11/1989 ;
JOINT VENTURE COUNCIL OF STATE SPECIAL DECREE
WHEREAS the promotion of investment plays an important role in the endeavour of the People's Democratic Republic of Ethiopia to develop the country's economy and liberate the people from backwardness ;
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WHEREAS the formation of joint ventures with the partici pation of public capital and foreign public, foreign or domestic private capital, or capital of cooperatives helps to increase the magnitude of investment ;
The African Law Archive
WHEREAS it is necessary to enact a law that takes into account the problems encountered during the implementation of the joint venture law heretofore in force as well as current inter national, continental and national situations ;
NOW THEREFORE, in accordance with Article 83 (1) of the Constitution, it is hereby decreed as follows:
CHAPTER 1 GENERAL PROVISIONS
1. Short Title
This Special Decree may be cited as the " Joint Venture Council of State Special Decree No. 11/1989 ”.