IMF Working Papers

Investment Implications of Selected WTO Agreements and the Proposed Multilateral Agreementon Investment

By Matthias Vocke

May 1, 1997

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Matthias Vocke. Investment Implications of Selected WTO Agreements and the Proposed Multilateral Agreementon Investment, (USA: International Monetary Fund, 1997) accessed November 23, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

The substantial increase in foreign direct investment (FDI) in recent years has triggered a discussion of a uniform treatment of investment in international law. Most contributions to the multilateral investment framework derive from the World Trade Organization (WTO) agreements on trade liberalization. The resulting framework is incomplete, as the WTO agreements restrict their focus on investment to aspects related to international trade and often apply to selected sectors only. A broader investment regime is needed to provide a more neutral incentive framework for investment liberalization and to promote efficient international investment flows.

Subject: Balance of payments, Capital account, Capital flows, Current account, Foreign direct investment, International trade, Trade balance

Keywords: Capital account, Capital flows, Current account, Foreign direct investment, Global, Investment climate, Investment flow, Investment measure, Investment rule, Savings-investments imbalance, Trade balance, Trims Agreement, WP, WTO agreement

Publication Details

  • Pages:

    32

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 1997/060

  • Stock No:

    WPIEA0601997

  • ISBN:

    9781451848014

  • ISSN:

    1018-5941

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