The American Chamber has reaffirmed its commitment to advancing a transparent, predictable, and competitive investment environment, calling for a comprehensive and inclusive approach to the development of Albania’s new Unified Investment Law.
At the latest meeting of the Investment Council, AmCham Executive Director Neritan Mullaj and Vice President Rexhino Cekrezi presented the Chamber’s position on this important legislative initiative, underscoring its strategic significance for the country’s business climate and its potential to strengthen investor confidence and provide greater legal certainty for both domestic and foreign investors. While welcoming and supporting the initiative, AmCham stressed that the development of the new legislation must be accompanied by a thorough and meaningful public consultation process. Drawing on its longstanding engagement in advocating for a sound, modern, and investor-friendly legal framework, AmCham emphasized the importance of allowing sufficient time and space for stakeholders to review and provide input on the proposed legislation.
In particular, AmCham called for the draft law to be made available for public consultation as a comprehensive legislative package, encompassing not only the primary legislation but also the relevant implementing regulations and secondary legal acts. This is essential to enable businesses and other stakeholders to assess the full regulatory implications of the proposed framework and provide informed, substantive feedback. AmCham’s experts are currently undertaking an in-depth assessment of the draft legislation and preparing detailed recommendations aimed at strengthening its provisions and ensuring that the final framework reflects the practical needs and realities of the investment community. Among the positive elements of the draft law is the inclusion of a foreign investment screening mechanism, an area in which AmCham has maintained a strong and sustained engagement. At the same time, AmCham underscored the need for the new legislation to be fully aligned with existing laws and sector-specific regulations governing areas connected to investment. Ensuring consistency across the legal framework and avoiding regulatory overlaps, conflicting provisions, and legal uncertainty will be critical to the law’s coherence, enforceability, and effective implementation.
The meeting also provided an opportunity for AmCham to present its ongoing work in the tourism sector, including the preparation of a White Paper developed by the Chamber’s experts. The document will serve as a basis for engagement and consultation with the Ministry of Tourism, with the objective of advancing recommendations that complement the priorities of the Tourism Development Strategy and contribute to shaping the sector’s new legal framework.
Through its engagement in these policy discussions, AmCham continues to advocate for legislation that is not only aligned with international best practices but also responsive to the needs of the business community and conducive to sustainable investment and economic growth.
