LA PAZ, Feb. 3 (Xinhua) -- Bolivia's government on Tuesday unveiled details of a package of draft laws aimed at attracting domestic and foreign investment in the mining, hydrocarbons and energy sectors, as it seeks to strengthen international cooperation and lay the groundwork for sustainable economic growth.
Minister of the Presidency Jose Luis Lupo said that the legislative initiatives aim to create a legal framework to draw domestic and foreign private investment into strategic sectors, and would give statutory backing for recent executive decrees designed to boost the economy and create a more predictable environment for investors.
The measures are intended to remove regulatory obstacles, cut bureaucracy and strengthen the rule of law, Lupo said, adding that the reforms seek to encourage investment, technology transfer and export growth.
The legislative package will be submitted to the legislative assembly. ■
