ESF Position Paper on WTO JSI on Investment Facilitation for Development – Final

ESF Position Paper on WTO JSI on Investment Facilitation for Development - Final

On 13 May 2020, ESF sent its Position Paper on the WTO Joint Statement Initiative on Investment Facilitation for Development. It is an important initiative to provide more transparency on the national laws and regulation of countries that want to facilitate access to foreign direct investment as a tool to foster economic development. Indeed, the lack of transparency and due diligence in the regulatory environment for foreign investors are systematically raised as major trade barriers when European service investors try to open or expand investment in third countries.

The European Services Forum calls upon all WTO Members to engage in the coming months in the negotiating phase towards the adoption of WTO Investment Facilitation Framework, if possible by the Twelfth WTO Ministerial Conference whenever it will take place, or at least to register good progress at that Conference and encourage the negotiators to keep the momentum and pursue their talks towards the conclusion of an ambitious framework as early as possible.