Friday, May 30, 2014

International Business News Update (USChamber of Commerce)




European Commission Consultation on Investor Protection
The European Commission has launched a public consultation on "investor protection and investor-to-state dispute settlement (ISDS) in the Transatlantic Trade and Investment Partnership (TTIP)" in an effort to make EU-US negotiations the most open trade talks to date.  The consultation will last 90 days, and consists of an online questionnaire covering 12 key issues of interest.  Those who wish to make their voice heard can find the questionnaire on the European Commission's website.  It is very important that the pro-open investment climate community weigh in with strong support for investor protections.

Updates to Investment Policy Central...

New Realities in the US-China Investment Relationship
The U.S. Chamber released a report on April 29th detailing a "major shift" in the flow of investment between the U.S. and China. According to the report, annual Chinese foreign direct investment (FDI) in the U.S. has surpassed the U.S FDI in China, and stresses the need for "timely Chinese investment liberalization" and support for an "open investment regime." Additionally, the report offers suggestions to U.S. and Chinese leadership on the most mutually beneficial way to handle the changed FDI flow relationship. The report is available under the China section o the Around the World page.
Multi- Association Letter Urges Senate Leaders to Support H.R. 2052
A coalition sent a letter to Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell urging the Senate to support H.R. 2052, "Global Investment in American Jobs Act of 2013". The bill would help the United States increase its share in the global FDI and increase our economic strength and security long term. The letter is available under the U.S. section of the Around the World page.

BUSINESSEUROPE Releases New Position Paper on ISDS 
Earlier this month, BUSINESSEUROPE released a position paper explaining the role of investor-state dispute settlements (ISDS) and their necessity to investment protection in all European Union bilateral investmen treaties (BITs) and free trade agreements (FTAs). This paper also addresses the criticism and misconceptions against ISDS. The full paper is available under the Europe section of the Around the World page.

OFII Releases New Digital Magazine, Highlights the Benefits of Trade and Foreign Investment
Mary McLernon, President and CEO of the Office for International Investment (OFII), has recently announced the release of the OFII's new digital magazine American Manufacturig Quarterly (AMQ), which "highlights the importance of trade agreements in attracting foreign direct investment." The statement is available under the Inbound Investment section on the Benefits page.

Report: Redefining the American Auto Industry

The Association of Global Automakers in collaboration with the American International Automobile Dealers Association (AIADA) released a report at the AIADA's annual auto summit in Washington, DC titled Redefining the American Auto Industry. The report seeks convey to policymakers the expanding global face of the U.S. auto industry and how foreign and domestic auto companies are effecting the national and local markets. The report is available under the Inbound Investment section on the Benefits page.

BDI Releases New Repot on Investor- State Dispute Settlements (ISDS)

In April, BDI of Germany released a report entitled "Background: Facts and Figures- International Investment Agreements and Investor- State Dispute Settlement." The number of ISDS cases around the world has been on the rise, and critics are growing evermore vocal about their fears that ISDS gives investors power to challenge state laws. The full report is available under the Commentary section on the International Agreements page.

From the Blog...
In the news...

Foreign Direct Investment Up 8% in FY'14 at $24.3 Billion
Foreign direct investment into India grew by 8% year-on-year to USD 24.3 billion in 2013-14, according to the Department of Industrial Policy and Promotion (DIPP) data.
Read more.

AfDB Sees Foreign Direct Investments Into Africa Rising

The African Development Bank forecasts external financial inflows to rise to as much as 80 billion U.S. dollars this year amid increased tax revenues and regional integration to drive Africa's development and growth prospects. Foreign direct investments to Africa were 50 billion U.S. dollars and 56 billion U.S. dollars in 2012 and 2013 respectively, according to Africa's economic outlook 2014.The report released by the AfDB at the ongoing bank's meetings in Kigali indicates that foreign direct investments have fully recovered from the effects of the economic crisis. Read more.
China Eases Rules to Boost Foreign Direct Investment
China has relaxed some rules to make it easier for foreign companies to invest in China, including giving local authorities more power to approve deals, in the latest effort to cut red tape and quicken investment. The National Development and Reform Commission, the country's top economic planner, will delegate to local governments the power to approve foreign investment projects in categories it encourages that are worth less than $300 million. Read more.

How SMEs Can Benefit From Foreign Direct Investment
According to the OECD, the most attractive countries for foreign direct investors are those that have large reserves of material and raw material resources in addition to efficient and trained human capital, or that are linked to developed countries through trade agreements promoting investment. Read more.

Retailer Hope FDI in Multi-Brand Retail Doesn't Get Withdrawn by BJP Government in India!
BJP's election manifesto in India declared that Foreign Direct Investment (FDI) in multi-brand retail will be withdrawn. This has caused tension in the minds of foreign as well as domestic retailers who are hoping that the new Indian government will not do so. Read more.
 

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