Facilitating Sustainable Investment To Build Back Better

Journal of World Trade, vol. 55 (Nov. 2021), pp. 881-894.

14 Pages Posted: 11 Oct 2021 Last revised: 13 Jul 2022

See all articles by Axel Berger

Axel Berger

Deutsches Institut für Entwicklungspolitik (DIE) - German Development Institute (DIE)

Manjiao Chi

UIBE - Center for Int'l Economic Law & Policy (CIELP), Law School,

Bernard Hoekman

European University Institute - Robert Schuman Centre for Advanced Studies (RSCAS); Robert Schuman Centre for Advanced Studies; Centre for Economic Policy Research (CEPR)

Makane Moïse Mbengue

University of Geneva, Faculty of Law

Karl P. Sauvant

Columbia University - Columbia Center on Sustainable Investment

Matthew Stephenson

World Economic Forum; Graduate Institute of International and Development Studies (IHEID)

Abstract

Foreign direct investment (FDI) flows are at a low point as a result of not only the COVID-19
pandemic but also restrictive FDI policies adopted in recent years. Investment facilitation has gained in importance as a set of practical measures to increase the transparency and predictability of investment frameworks and promote cooperation to advance development. Investment facilitation can help to reduce the transactional and administrative costs faced by foreign investors. Discussions on a distinct set of investment facilitation policies and measures have gained momentum in recent years. Negotiations are undertaken at the bilateral and regional levels, for example, in the context of the Regional Comprehensive Economic Partnership (RCEP) or the Sustainable Investment Protocol of the African Continental Free Trade Agreement (AfCFTA). Another important initiative is underway among members of the World Trade Organization (WTO) which are negotiating an Investment Facilitation Framework for Development. This policy brief develops a set of key recommendations for G20 policy-makers on how investment facilitation frameworks can be designed to help attract sustainable FDI for sustainable development and recovery in general. These recommendations can be summarized in three guiding principles that should be promoted by the G20: contribute directly to sustainable development, focus on conflict prevention and management, and learn from experiences from other processes such as trade facilitation.

Suggested Citation

Berger, Axel and Chi, Manjiao and Hoekman, Bernard and Hoekman, Bernard and Mbengue, Makane Moïse and Sauvant, Karl P. and Stephenson, Matthew, Facilitating Sustainable Investment To Build Back Better. Journal of World Trade, vol. 55 (Nov. 2021), pp. 881-894., Available at SSRN: https://ssrn.com/abstract=3939033

Axel Berger

Deutsches Institut für Entwicklungspolitik (DIE) - German Development Institute (DIE) ( email )

Tulpenfeld 6
Bonn, 53113
Germany

HOME PAGE: http://www.die-gdi.de

Manjiao Chi

UIBE - Center for Int'l Economic Law & Policy (CIELP), Law School, ( email )

10, Huixin Dongjie
Changyang District
Beijing, Beijing 100029
China

Bernard Hoekman

European University Institute - Robert Schuman Centre for Advanced Studies (RSCAS) ( email )

Villa La Fonte, via delle Fontanelle 18
50016 San Domenico di Fiesole
Florence, Florence 50014
Italy

Robert Schuman Centre for Advanced Studies ( email )

Fiesole, Tuscany
Italy

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Makane Moïse Mbengue

University of Geneva, Faculty of Law

Geneva
Switzerland

Karl P. Sauvant (Contact Author)

Columbia University - Columbia Center on Sustainable Investment ( email )

Columbia Law School
435 W 116th Street
New York, NY 10027
United States

HOME PAGE: https://works.bepress.com/karl_sauvant/388/

Matthew Stephenson

World Economic Forum ( email )

CH - 1223 Cologny/Geneva
Switzerland

HOME PAGE: http://www.weforum.org

Graduate Institute of International and Development Studies (IHEID) ( email )

PO Box 136
Geneva, CH-1211
Switzerland

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