More specifically, the joint report finds that the great majority of investment policy measures went into the direction of eliminating restrictions and facilitating international investment, echoing findings of earlier reports on G-20 investment measures.
During the reporting period running from October 2012 to May 2013 the following measures were adopted:
Nine countries – Australia, Brazil, Canada, China, India, the Republic of Korea, the Russian Federation, South Africa and the United States – amended their investment-specific policies;
Six G20 members concluded four bilateral investment treaties (BITs) and two other international investment agreements (IIAs).
Formal policy changes captured by this report are not the only way in which governments influence – and at times discourage – FDI. Individual administrative decisions with regard to specific foreign investment projects (such as screening and monitoring procedures) and informal public signals may also have a chilling effect on specific investment projects. G20 Leaders should therefore bear in mind that the rather encouraging findings in this report do not mean that the risk of investment protectionism has disappeared.
This joint UNCTAD-OECD Report is published in preparation of the G-20 Summit in St. Petersburg in September 2013. It is part of the WTO-UNCTAD-OECD Report on monitoring trade and investment measures adopted by the G20 members.