§ Mr. Nicholas Winterton
asked the Secretary of State for Trade whether, in order to identify opportunities for the United Kingdom, he monitors measures taken by Governments of developing countries to stimulate the flow of private sector investment; and if he has detected any trends in this respect.
§ Mr. Sproat
The Government are anxious to encourage developing countries to stimulate the flow of private investment so as to increase the pace of economic development. There are signs that an increasing number of developing countries are aware of the importance of private investment in the development process and are concerned to create a suitable climate for such investment—for example, through the necessary fiscal and legal provisions, and the signing of investment protection agreements.