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Arbitration law reform to boost FDI inflow

Holistic approach needed to encourage foreign investors


Bangladeshpost
Published : 19 Jun 2021 08:39 PM | Updated : 20 Jun 2021 12:11 PM

Foreign investment always plays a pivotal role in boosting a country’s economy. Our government always kept Foreign Direct investment (FDI) on the priority agenda. However, experts opine that the existing arbitration law should be amended for reducing the cost and time in disposal of cases, and to make the law user-friendly to help boost inflow of Foreign Direct Investment (FDI) in Bangladesh.

There are some inconsistencies and loopholes in the existing law. In this regard, an amendment to the ‘Arbitration Act, 2001’ is needed to bring clarity to its legal provisions and to improve the effectiveness of the process. If the law is amended, the stakeholders would benefit from it and it will invite more foreign investments, contributing to the overall development of the country’s economy.


Government should create a more 

business-friendly environment  resolve the 

arbitration dispute on time


Only talking about the law will not do any good, we need to do a lot more than that to attract foreign investors. We should implement the law properly. Government should make a more business-friendly environment and relevant authorities should resolve the arbitration dispute on time. This will encourage foreign investors to invest more in the country.

Just only reforming the arbitration laws are not enough to attract investors. Foreign Investors sometimes have to confront many struggles while acquiring lands and this happens due to bureaucratic hurdles. These areas should also be addressed if we want to implement the law in a proper manner. While safeguarding all these variables for the foreign investors, the government should also think of the national interests as well.