Moving the G20's investment agenda forward. Issue 3 (3rd July 2018)

• Record Type: Journal Article
• Authors: Berger, Axel; Sauvant, Karl P.; Fiezzoni, Silvia Karina; Polanco Lazo, Rodrigo; Stephenson, Matthew; Tamura, Akihiko; Trunin, Pavel
• Is Part Of: Transnational corporations review. Volume 10:Issue 3(2018)
• Page Start: 262
• Page End: 267
• Publication Date: 2018-07-03
• Subjects: G20 -- WTO -- foreign direct investment -- international investment policy reform -- investment facilitation; 338.88
• DOI: 10.1080/19186444.2018.1507793
• Languages: English
• ISSNs: 1918-6444

Abstract

Abstract: This article argues that it is of paramount importance that the G20 pays attention to the mounting challenges faced by the international investment regime. This is all the more important because international investment is crucial to advance sustainable development, especially in developing countries. For both immediate and long-term reasons, investment policies should therefore be a core item on the agenda of the G20 and the Trade and Investment Working Group in particular. The present article makes two sets of recommendations: first, the G20 should continue its work on international investment policy reform and initiate steps to operationalise the Guiding Principles for Global Investment Policymaking; second, the G20 should support ongoing WTO discussions on investment facilitation suggesting that they should aim not only at facilitating more foreign direct investment (FDI), but sustainable FDI. The policy recommendations provide an input for the Japanese G20 presidency in 2019.