[SANITIZED]NATIONAL INTELLIGENCE DAILY WEDNESDAY JUNE 23, 1976 - 1976/06/23
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Collection:
Document Number (FOIA) /ESDN (CREST):
02997901
Release Decision:
RIPPUB
Original Classification:
U
Document Page Count:
4
Document Creation Date:
April 3, 2019
Document Release Date:
April 12, 2019
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Case Number:
Publication Date:
June 23, 1976
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| Attachment | Size |
|---|---|
 SANITIZEDNATIONAL INTELLI[15516235].pdf [3] | 142.6 KB |
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Approved for Release: 2018/10/02 CO2997901
The
National Intelligence
Daily
3.5(c)
3.5(c)
Published by the Director of Central Intelligence for Named Principals Only
Copy No.
WEDNESDAY JUNE 23, 1976
VOLUME 3, NUMBER 147
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Approved for Release: 2018/10/02 CO2997901
3.5(c)
3.5(c)
Approved for Release: 2018/10/02 C0-2.997901
J!� rc=
3.5(c)
2 WEDNESDAY JUNE 23, 1976
THE NATIONAL INTELLIGENCE DAILY
WESTERN HE
Argentina
Foreign Investments Law
The draft text of Argentina's new for-
eign investments law, which was released
last week, ostensibly does away with
most of the onerous restrictions of the
November 1973 law that had reduced
direct foreign investment to near zero dur-
ing the past two years.
The new law will:
� Give foreign investors the same
rights and responsibilities as domestic
investors.
� Eliminate the restriction on access
by foreign firms to domestic credit.
� Remove the prohibition against
foreign investment in certain fields.
� Reduce the number of businesses
in which prior government approval
for investment is required.
� Liberalize provisions for
repatriating capital and profits.
� Reduce taxes on profit remit-
tances.
The new law should bring in more
capital from private foreign sources.
Businessmen will probably respond slow-
ly, however, waiting to see whether the
regime's other measures improve the out-
look for stability and profitable economic
activity
!SPHERE
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