Foreign direct investment flows can, and should, be encouraged.

(iii) Encourage the participation of foreign private investment in infrastructure development

Promoting OFDI Key laws and regulations

Such FDI policies include investment subsidies, tax abatements, and exemptions from domestic regulation and laws.

The basic legal structure for foreign investment in Peru is formed by the 1993 constitution, the Private Investment Growth Law, and the November 1996 Investment Promotion Law.

Third, the Singapore Government plays a significant role in promoting OFDI.

Foreign direct investment

The Commission welcomes the interaction with the World Association of Investment Promotion Agencies (WAIPA) in support of the efforts of developing countries to attract beneficial FDI and requests that the practice of joint sessions be continued.

Bilateral investment guarantee agreements, double taxation avoidance and free trade area arrangements have also played a role in encouraging OFDI from developing countries.

Investment promotion agencies for inward FDI and OFDI, both in developing and developed countries, could coordinate their efforts.

Losing the Foreign Investment Race

How to Boost Foreign Investment

Foreign direct investment

The Benefits of Chinese FDI

Apart from these GLCs under the stewardship of Temasek Holdings in spearheading OFDI from Singapore, three government agencies are also strategically important in promoting OFDI from Singapore

IPAs in developing countries could take advantage of this potential by tailoring promotion and targeting strategies to encourage FDI.

Whilst a significant reason, cost saving is not the most important factor in fostering OFDI from Singapore.

In the case of ASEAN, intraregional FDI accounts for close to one fifth of the total FDI.

Beware of FDI Protectionism

BERKELEY In a rare act of bipartisanship, the United States Congress recently passed legislation to encourage more inward foreign direct investment.

Ireland showed the importance of foreign direct investment.

The impact of FDI on development

Emerging FDI from developing countries

Obstacles to OFDI

) To the extent that these agreements protect investment and open up industries for FDI, they facilitate OFDI from developing countries.

FDI by SMEs involved evaluation of investment locations based on a set of variables which could be clustered under markets, costs, natural resources, infrastructure framework, policy framework and business promotion and support factors.

The shift of FDI to services

Outward FDI from developing countries

Table 2. FDI outflows as a percentage of gross fixed capital formation in selected economies, 2001 2003a (concluded)

The case of South South FDI

Drivers and motivation of OFDI

One of the reasons for this is that in most Latin American and Caribbean countries, FDI policies focus on attracting large quantities of FDI and do not pay much attention to the nature of FDI.

Luxembourg and Spain, both major recipients of FDI in 2003, received lower FDI inflows last year.

The Expert Meeting will focus on the issues of FDI data compilation and analysis and its role in the formulation of FDI policies from a development perspective.

The country has sought to attract FDI for many years, establishing special economic zones for foreign investment.

Some experts stressed that policies had been traditionally oriented to attract FDI and were not really defined as promoting outward FDI.

Does OFDI increase competitiveness of firms and how could competitiveness from OFDI be measured?

25. We resolve to encourage greater direct investment, including foreign investment, in developing countries and countries with economies in transition to support their development activities and to enhance the benefits they can derive from such investments. In this regard

Policy measures that support OFDI 13

OFDI and enterprise competitiveness

The bottom line is that the investment climate for foreign direct investors is becoming less welcoming.

The UNCTAD secretariat introduced the central features of the IPR, starting with the recent trends in foreign direct investment.

The Minister of Investment of Egypt set out the Government's objectives and policies with regard to attracting foreign direct investment.

The work of the World Association of Investment Promotion Agencies (WAIPA) was important in assisting developing countries in the definition of their investment promotion policies and in the creation of related agencies. Further collaboration between UNCTAD and WAIPA was called for.

The representative of the International Monetary Fund (IMF) focused on the investment climate and the creation of an environment conducive to FDI.