Relevansi Hukum Kebijakan Foreign Direct Investment dengan Prinsip Pembangunan Berkelanjutan di Sumatera Utara

Abstract

The investment policy of North Sumatra Province through the 2019-2023 Strategic Investment Plan is expected to solve various problems such as community welfare, quality of education and health and the environment. Solving these problems requires the relevance of the principles of sustainable development and investment policies, especially in North Sumatra. The principle of sustainable development must be integrated into investment policies. This study is aimed at analyzing the derivation of investment policies in regulating foreign investment activities, the derivation of sustainable development policies in regulating foreign investment activities and the relevance of foreign investment arrangements with efforts to realize sustainable development in North Sumatra. The research method used is normative legal research method which is descriptive analytical in nature. The data used comes from secondary data consisting of primary, secondary and tertiary legal materials which are collected by means of library research collection techniques. Data were analyzed using qualitative data analysis methods. The results of the study conclude that the foreign investment policy has been derived in the investment law through the regulation of investment management principles, treatment of foreign investment, ease of business licensing, fiscal and non-fiscal facilities, supervision of foreign investment and settlement. investment disputes besides the derivation of investment policies, the Investment Law also regulates sustainable development policies which can be seen through the provisions in articles related to the principles and objectives of investment as well as the obligations of investors. Regarding the foreign investment policy and the principle of sustainable development in North Sumatra Province, the two policies have relevance which can be seen in the 2019-2030 Investment Strategic Plan of North Sumatra Province as an investment policy that refers to a dignified development mission with targets for sustainable development goals with realization, such as a reduction in the poverty rate, a fairly high level of access to health, increased economic growth as well as access to decent work and an increase in per capita income. It is hoped that the North Sumatra Provincial Government in relation to the integration of sustainable development policies and investment policies is expected to be able to put them in regional regulations so that they can be used as a legal umbrella for policies related to the implementation of sustainable development policies and investment policies that are integrated with each other.