How can the CCJ create a stable macro-economic environment suitable for the attraction of foreign capital?
The CCJ has been configured to ensure that the laws of the CSME are uniform and predictable. Firstly, the CCJ has exclusive jurisdiction in respect of the interpretation and application of the Treaty. If it had concurrent jurisdiction with other Courts of the Community, there is a likelihood of conflicting opinions on important economic, commercial and financial issues thereby creating uncertainty and unpredictability in the business climate and macro-economic environment! Stability of expectation is a fundamental requirement for investment decisions.
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