Investment Implications of Selected WTO Agreements and the Proposed Multilateral Agreementon Investment

Author/Editor:

Matthias Vocke

Publication Date:

May 1, 1997

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

The substantial increase in foreign direct investment (FDI) in recent years has triggered a discussion of a uniform treatment of investment in international law. Most contributions to the multilateral investment framework derive from the World Trade Organization (WTO) agreements on trade liberalization. The resulting framework is incomplete, as the WTO agreements restrict their focus on investment to aspects related to international trade and often apply to selected sectors only. A broader investment regime is needed to provide a more neutral incentive framework for investment liberalization and to promote efficient international investment flows.

Series:

Working Paper No. 1997/060

Subject:

Balance of payments Capital account Capital flows Current account Foreign direct investment International trade Trade balance

English

Publication Date:

May 1, 1997

ISBN/ISSN:

9781451848014/1018-5941

Stock No:

WPIEA0601997

Pages:

32

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