[general_devel] FOREIGN DIRECT INVESTMENT POLICIES OF G20 NATIONS GENERALLY POSITIVE, SAYS UN REPORT
vern.weitzel at gmail.com
Wed Jul 8 18:21:58 BST 2009
Subject: FOREIGN DIRECT INVESTMENT POLICIES OF G20 NATIONS GENERALLY POSITIVE,
SAYS UN REPORT
Date: Wed, 8 Jul 2009 13:01:11 -0400
From: UNNews <UNNews at un.org>
Reply-To: unnews at un.org
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FOREIGN DIRECT INVESTMENT POLICIES OF G20 NATIONS GENERALLY POSITIVE, SAYS UN REPORT
New York, Jul 8 2009 1:00PM
A review conducted by the United Nations trade and development arm shows that
the Group of 20 (G20) countries have for the most part refrained from taking
policy measures that restrict foreign direct investment (FDI), but warns that
some economic stimulus packages could give rise to “smart” protectionism.
A substantial number of the policies surveyed among the G20 – an informal forum
comprising 19 nations and the European Union – by the UN Conference on Trade and
(<"http://www.unctad.org/Templates/StartPage.asp?intItemID=2068">UNCTAD) were in
fact conducive to facilitating investment, the agency says in a news release.
The review, which looked at policy developments between October 2008 and June
2009, points to positive investment specific measures such as those that smooth
the way for the entry of foreign investors or facilitate foreign investment
projects in host countries.
Some countries have also enacted measures to encourage outward investment by
domestic companies, including those for streamlining the approval process, and
providing financing and insurance.
UNCTAD also notes that investment-related measures were positive, including the
various State aid or economic stimulus packages enacted by a majority of
countries in response to the economic and financial crisis.
At the same time, the report cautions against the emergence of what can be
described as “smart” protectionism from economic stimulus packages. It adds that
protectionist pressures could still arise as the crisis spreads to less-affected
economic sectors and countries, and a “new wave of economic nationalism” could
occur in the aftermath of the crisis.
The report on policy trends is part of the agency’s contribution to its flagship
World Investment Report series, and seeks to help officials get the most out of
FDI, which UNCTAD says is crucial to assisting both developed and developing
countries recover from the ongoing crisis.
For more details go to UN News Centre at http://www.un.org/news
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