Investment Implications of Selected WTO Agreements and the Proposed Multilateral Agreementon Investment
May 1, 1997
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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.
Subject: Balance of payments, Capital account, Capital flows, Current account, Foreign direct investment, International trade, Trade balance
Keywords: Capital account, Capital flows, Current account, Foreign direct investment, Global, investment climate, investment flow, investment measure, investment rule, savings-investments imbalance, Trade balance, trims Agreement, WP, WTO agreement
Pages:
32
Volume:
1997
DOI:
Issue:
060
Series:
Working Paper No. 1997/060
Stock No:
WPIEA0601997
ISBN:
9781451848014
ISSN:
1018-5941
