Business environment and investment climate. 1. The Parties shall improve national and regional regulatory frameworks and simplify business regulations and processes, reduce and streamline administrative formalities, reinforce cooperation and build capacities to implement effective competition policies. They shall adopt open, transparent and clear regulatory frameworks for business and investment, with protection for property rights, land rights and intellectual property rights. They shall ensure effective, transparent and predictable tax systems and improve the role of customs authorities in facilitating trade, while enforcing the rules in place to combat fraud and other infringements. They shall promote policies that enhance the relevance, efficiency and effectiveness of labour market institutions, striking the right balance between flexibility and worker protection.
Appears in 4 contracts
Samples: Partnership Agreement, Partnership Agreement, Partnership Agreement
