fDi Markets Newswire:

Home / News / G20 members not backing protectionism

A joint OECD/Unctad report says most G20 member countries introduced laws to liberalise FDI in 2016. But it warns against complacency, reports Natasha Turak.

A recently released joint report by the UN Conference on Trade and Development and the Organization for Economic Co-operation and Development reveals that most G20 member countries are not raising new barriers to investment, which should reassure those fearing a rise in the protectionist measures taken by several governments around the world in the past year.

Nine G20 members introduced FDI policy measures between May and October 2016, six of which would liberalise FDI: the US, China, Argentina, India, Mexico and Saudi Arabia. Conversely, the same period saw Australia and Canada introduce new fees and taxes on real estate acquisitions, and Brazil reversing a recently implemented liberalisation law.

Canada, Japan and Turkey between them signed four bilateral investment treaties, while the EU concluded an international investment treaty with the 15-member Southern African Development Community.

Despite this positive indicator of G20 members’ commitment to encouraging FDI, the report warns that member countries maintain restrictions on investment across many sectors, and to combat growing global protectionism, they must work to ease these restrictions. G20 members account for more than two-thirds of global FDI.   

This article is sourced from fDi Magazine
fDi Magazine

The fDi Report 2018: Free Download

Crossborder investment monitor

fDi Markets is the only online database tracking crossborder greenfield investment covering all sectors and countries worldwide. It provides real-time monitoring of investment projects, capital investment and job creation with powerful tools to track and profile companies investing overseas.

Click here to find out more about fDi Markets

Corporate location benchmarking tool

fDi Benchmark is the only online tool to benchmark the competitiveness of countries and cities in over 50 sectors. Its comprehensive location data series covers the main cost and quality competitiveness indicators for over 300 locations around the world.

Click here to find out more about fDi Benchmark

Research report

fDi Intelligence provides customised reports and data research which deliver vital business intelligence to corporations, investment promotion agencies, economic development organisations, consulting firms and research institutions.

Find out more.