I wish to share with you the latest issue of UNCTAD's Investment
Twenty two countries took 32 investment policy measures in the review period
(November 2017 - February 2018). The share of investment restrictions and
regulations increased to 29 percent.
Compared to the annual figures in recent
years, this records the highest ratio since 2010.
Newly adopted restrictive investment policies include a tightening of investment
screening procedures, measures to protect national security and the disapproval
of some foreign takeovers.
Other restrictions relate to local content
requirements and preferences for local suppliers in public procurement
At the same time, some countries improved entry conditions for foreign
investment. Among the most noteworthy measures are liberalization steps
in a couple of industries, the simplification of administrative procedures
and new privatization.
The reporting period also saw a significant
corporate tax reform in one country.
Regarding international investment treaties, the Monitor finds that two
bilateral investment treaties and six treaties with investment provisions
were signed, bringing the total number of international investment agreements
(IIAs) to over 3320.
In line with UNCTAD's Roadmap for IIA Reform, all new IIAs contain several
reform features, giving particular attention to the preservation of the
right to regulate by clarifying key protection standards and refining investor-State
Countries are also starting to move towards
the second phase of IIA reform, modernizing the existing stock of old-generation
Several negotiations for mega-regional agreements continue. Depending on
how future mega-regional treaties will interact with overlapping pre-existing
ones, this can help modernize today's stock of old-generation treaties.
James X. Zhan
Director, Investment and Enterprise
Lead, World Investment Report
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