Government holdings in joint-venture agreements may be gradually transferred to the public through the issuance of share certificates. The Agency may sells whole or part of the equity of an enterprise by the public flotation of shares. Encouraging the participation of the general public in the ownership of national resources is a major consideration in deciding the denominations of shares. Qualification to bid Irrespective of the method of privatization adopted, offers will be entertained from all interested parties, without restriction or prejudice due to nationality. Incentives to buyers Capital goods, intermediates, industrial spare parts and raw materials, for instance, may.
Exports are free of export duties and sales taxes.
Moreover, all buyers of public enterprises will have automatic entitlement to the incentives and advantages provided for inthe country's Investment Code and other relevant proclamations. However,buyers of public enterprises are not entitled to special protections. Status of workers All questions related with the welfare of workers being negotiated with buyers. Rights and privileges of workers will be resolved with in the context of the provisions of the Labor Law of Eritrea. If this entitlement is not exercised at the time it is offered, claims for entitlement wil1 not be accepted or honored later on.