The Study Of The Sudan Investment Legal System

Following the economical changes in the whole world, capital has become an important element of national economical development. It has proved that investment legislation to attract the foreign investment is currently one of the trends of economical development of the world. For more and more developing countries, attracting and utilizing foreign capital is the driving force for their economical development. Then, these countries adopted investment legislation to attract foreign investment. Therefore, for as a factor of the social investment environment, investment law is the primary consideration of the investor.After Sudan gained independence from colonial rule, it had restricted on access of foreign investors in a long period of time. Its national economic developed slowly, and became the one of the poorest country in the world. Since the 80s of the 20th century, Sudanese also went through the process of'opening policy',gradually accepting, more widely and deeply, foreign investments and cooperation with foreign trade partners.The government of Sudanese is constantly making and improving laws, as well as taking concrete measures, in order to make the foreign trade and cooperation possible, giving the foreign investors more and more favorable terms, improving the environment for the national and foreign investments, and establishing the special, wider, foreign investment law system.The significant change of Sudan's foreign policy created a favorable investment environment for foreign investors, and formed the climax of the use of foreign capital.Sudan is one of the focus country to which China's direct invest in Africa,but also is our largest investment country. With the trend of investment in Africa, we began to study the Africa's investment laws.But these studies are not many, not systematic, and not in depth. In information-gathering process,the author used literature method, including the Sudanese investment law and supporting regulations, then analyzed the value of the laws to get a comprehensive understanding of the legal environment for investment in Sudan. This article describes the Sudanese legal system of investment, analyses the main contents of Encourage Investment Act and the investment legal environment. Then analyses how the laws impact on Chinese investment in Sudan.Through all above studies, it advices how we can seize the opportunities and escape investment's risks. We should seize the opportunity of Sudan's preferential policies to attract foreign investment, maintain existing investment advantage, strengthen the investment in energy field to meet our needs. We should strengthen the investment in industry sector, promote the transfer of our industrial overcapacity. And we should catch the opportunities of the changes of Sudan's investment policies, increase investment diversification strategy for the implementation of the Sudan to effectively adjust our industrial structure and transfer the gradient of the industrialization.