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Dear Members of the World Investment Network (WIN), Please find enclosed the seventh joint UNCTAD-OECD report on G-20 countries' investment policy measures. The report reviews policy measures undertaken in the past seven months and alerts to the impact that investment measures can cause to the business climate and to economic recovery. (For further information see UNCTAD's Global Investment Trends Monitors No. 8 and 9). The joint report finds that global foreign direct investment (FDI) inflows rose by 17% in 2011, despite the turmoil in the global economy. FDI flows will continue to rise in 2012, but only moderately, the report predicts. The fragility of the world economy, uncertainties related to sovereign debt, as well as a possible slowdown of growth in major emerging market economies, still pose risks to the recovery of FDI flows. During the early October 2011 to early May 2012 reporting period, thirteen G-20 members implemented policy measures related to investment and capital flows: Nine G-20 members took investment-specific policy measures (Argentina, Brazil, Canada, China, India, Indonesia, The Russian Federation, Saudi Arabia and South Africa) Two G-20 members took measures related to their national security (Italy and the Russian Federation) Five G-20 members concluded in total six bilateral investment treaties and one other international agreement with investment provisions (India, Japan, Mexico, The Russian Federation and Turkey) As in the past, recent investment measures have, for the most part, assisted the opening up of markets and enhanced transparency. However, there were also some important investment restrictive measures. Such measures, if taken in a manner consistent with domestic and international law, can be a legitimate means to further certain policy objectives. Conversely, they can also heighten perceptions of risk, particularly at a time when investors are wary due to broader economic and political turbulence. The report was prepared in response to G-20 leaders' reaffirmed commitment to resist protectionism, made at their summit meeting in Cannes on 3-4 November 2011. The leaders called on UNCTAD, the WTO and the OECD to continue monitoring the situation and to report on it publicly on a semi-annual basis. With best regards, James X. Zhan Director Investment & Enterprise Division United Nations Conference on Trade & Development Palais des Nations, Geneva Tel: +41 22 9175797 www.unctad.org/diae wir ____ AIB-L is brought to you by the Academy of International Business. For information: http://aib.msu.edu/community/aib-l.asp To post message: [log in to unmask] For assistance: [log in to unmask] AIB-L is a moderated list.