Opposition lawmaker S. M. Marikkar has warned Parliament that the government's proposed Investment Protection Act will fail to secure foreign direct investment without deep structural reforms to the legal system.
Speaking in Parliament yesterday (04), the Samagi Jana Balawegaya (SJB) MP emphasised that statutory guarantees alone cannot generate genuine international investor confidence or persuade foreign capital to enter the country.
Marikkar said that foreign entities scrutinise the stability of host country legislation and court impartiality before committing resources to overseas markets.
He noted that commercial disputes are inevitably resolved under local laws, making an uncorrupted and independent judiciary a fundamental prerequisite for mitigating financial risk.
Without structural guarantees ensuring zero political interference in judicial proceedings, predictable policy enforcement, and a stable legal framework, new legislation would remain mere words on paper that fail to attract major investments.
He further urged the administration to safeguard judicial independence as a means to sustain democratic institutions alongside its legislative agenda.
He stressed that institutional integrity, rather than statutory declarations in isolation, forms the true foundation for securing long-term economic stability and commercial trust.
Leave your comments
Login to post a comment
Post comment as a guest