Liberalisation policies up, restrictions down - UNCTAD report
UNCTAD's latest Investment Policy Monitor shown that the vast
majority of new investment policy measures were aimed at creating more
favourable investment conditions, with policies of liberalisation and
investment promotion up and restrictions and regulations down.
UNCTAD's Investment Policy Monitor found that 33 countries and
economies took 45 investment policy measures in the review period (March
- December 2014).
The share of liberalisation and promotion measures reached 82% -
slightly above the average of recent years.
These policies were adopted in important sectors and industries,
including air transportation, national defence, railway infrastructure,
pharmaceuticals, power plants and telecommunication.
Despite these numerous measures aimed at improving investment
conditions, there are also new concerns about the role of foreign
investors in host countries.
New investment restrictions for foreign investment mainly related to
oil production, data communication and media companies.
A recent UNCTAD survey shows that countries increasingly pay
attention to sustainable development in their national investment
However, the share of such measures among all investment-related
policy changes is still low (approximately 8%). More can be done in
investment policies to enhance the contribution of foreign investment to
sustainable development goals.
Regarding international investment policies, the Monitor found that
51 economies concluded 26 new international investment agreements (IIAs).
These include 14 bilateral investment treaties (BITs) and 12 'other IIAs'.
Negotiations for one mega-regional agreement (CETA) were concluded and
negotiations for six others continue.