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Welcome to E-TISNET Monthly News to
keep you abreast of the latest developments
on trade and investment relevant for the Asia-Pacific
region.
E-TISNET Monthly News is the new electronic
and user-friendly version of five sections
of the former TISNET Trade and Investment
Information Bulletin (see below).
Past issues are available from http://www.unescap.org/tid/tisnet/tis_bul.asp
For enquiries, please contact us at escap-tisnet@un.org
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A. TRADE-RELATED
INFORMATION
ASSOCIATION OF SOUTHEAST ASIAN NATIONS
(ASEAN)
Agreement with UNU to promote sustainable
development. ASEAN Press Release,
24 August 2004
On 24 August 2004, ASEAN signed a memorandum
of understating with the United Nations
University intended to further strengthen
balance between economic growth and sustainable
development. Under the agreement, both sides
will look into new areas of collaboration,
including training on trade and development
issues, soon to be covered by the WTO negotiations,
and training of “knowledge technicians”
who would advise decision-makers and senior
officials on current technical issues in
numerous world trade and environment forums.
Accessed on 31 August 2004 < http://www.aseansec.org/16328.htm
>
Deadline for AFTA shortened.
US-ASEAN Business Council, 24 August
2004
ASEAN’s founding members (Brunei
Darussalam, Indonesia, Malaysia, Philippines,
Singapore and Thailand) have agreed to
form an Association of South East Asian
Nations Free Trade Area (AFTA) by 2007,
rather than 2010 as originally intended.
Newer and less developed ASEAN members
(Cambodia, Lao PDR, Myanmar and Viet Nam)
would cut their import tariffs to zero
in 2012, compared with an original target
date of 2015.
Accessed on 25 August 2004 < http://www.us-asean.org/headlines.asp
>
ASIA-PACIFIC ECONOMIC COOPERATION
(APEC)
Initiatives to further promote safe,
secure and efficient transportation.
APEC News, 31 July 2004
From 31 July to 2 August 2004, APEC held
its 4th Transportation Ministerial Meeting
to evaluate the progress in opening transportation
markets and discuss opportunities to develop
a roadmap of work to achieve full liberalization
in all modes of transportation in the
region. The meeting focused particularly
on supporting maritime and aviation security
measures, with emphasis on the implementation
of the International Ship and Port Facility
Security Code (ISPS) and support of international
efforts to control access to man-portable
air defense systems (MANPADS). For the
first time, member countries decided to
develop a proposal to help secure the
transport of dangerous goods. In addition,
the meeting agreed to implement an intermodal
supply chain security initiative over
the next two years.
Accessed on 5 August 2004
< http://www.apecsec.org.sg/apec/news___media/media_releases/310704_advsafesecureefftranspinit.html
>
BIMSTEC
First summit-level meeting. US-ASEAN
Business Council, 5 August 2004
On 31 July 2004, the leaders of the seven
Asian nations which are members of BIMSTEC
(Bangladesh, Bhutan, India, Myanmar, Nepal,
Sri Lanka and Thailand) held first summit-level
meeting of this forum known as the Bay
of Bengal Initiative for Multi-Sectoral
Technical and Economic Cooperation (Bimstec).
Members agreed to start talks on a free
trade pact and take steps to bring forward
initiatives in transport infrastructure,
energy, communications, tourism, trade
and fisheries. They also agreed to further
cooperation on research and development
based on resources available from their
rich ecosystems, aimed at producing affordable
drugs, as well as to cooperate on energy
issues. Bimstec is the only cooperation
framework linking South Asia with South-east
Asia.
Accessed on 10 August 2004 < http://www.us-asean.org/headlines.asp
>
CAMBODIA
Parliament approves entry to WTO.
New York Times, 31 August 2004
On 31 August 2004, Cambodia’s Parliament
approved the country’s entry in
the World Trade Organization (WTO). In
September 2003, the WTO approved Cambodia's
entry but due to inconclusive elections
the country could not ratify it. Now the
WTO bill must be formally endorsed by
Cambodia’s Senate and head of state.
Cambodia will finally become a full member
30 days after the government officially
notifies the WTO of the ratification.
Cambodia is the second country to enter
the WTO under new procedures approved
to help least developed countries join
the organization. The first such country
was Nepal, which entered the WTO on 23
April 2003.
Accessed on 1 September 2004
< http://www.nytimes.com/2004/08/31/business/worldbusiness/31CND-CAMB.html
>
CHINA
China legalizes electronic signatures
to promote e-commerce. Asia Business
Daily, 29 August 2004
On 28 August 2004, China's Government
passed a law legalizing electronic signatures
in an effort to promote its fast growing
online commerce industry. The law gives
electronic signatures the legal status
of handwritten signatures and allows the
creation of companies to verify the identity
of participants in an online transaction.
Accessed on 31 August 2004 < http://www.asiabusinessdaily.com/
>
EUROPEAN UNION (EU)
WTO rules against EU’s sugar
subsidies. World Bank Press Review,
5 August 2004
On 4 August 2004, in a preliminary finding
the World Trade Organization declared
the European Union's regime for subsidizing
sugar farmers as illegal. The case against
EU’s sugar subsidies was supported
by Australia, Brazil and Thailand who
argued that these subsidies were affecting
the livelihoods of farmers in the rest
of the world by breaching agreed limits
on financial support for exported sugar.
Under WTO rules, the preliminary rulings
remain confidential until finalized in
a formal decision, in this case, in September
2004.
Accessed on 11 August 2004
< http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,date:08-05-2004~menuPK:34461~pagePK:34392~piPK:34427~theSitePK:4607,00.html#Story1
>
MALAYSIA
Malaysia and Thailand join container
security initiative. The Washington
File, 17 August 2004
On 17 August 2004, the Customs and Border
Protection agency of the United States
of America announced that the ports of
Laem Chabang (Thailand) and Tanjung Pelepas
(Malaysia) will be the 24th and 25th Container
Security Initiative (CSI) ports respectively
to become operational. The primary purpose
of CSI is to protect the global trading
system and the trade lanes between CSI
ports and the U.S.
Accessed on 20 August 2004
< http://lists.state.gov/SCRIPTS/WA-USIAINFO.EXE?A2=ind0408c&L=WF-EASIA&D=0&P=1326
>
VIET NAM
Anti-Subsidy Ordinance approved.
Asem Connect Viet Nam, 23 August
2004
On 18 August 2004, the Government of Viet
approved the Anti-Subsidy Ordinance on
goods imported into Viet Nam. The ordinance
will come into force on 1 January 2005.
The ordinance establishes measures against
subsidies, including anti-subsidy taxes
and commitments to Viet Nam’s competent
agencies made by organizations, individuals
or governments from which goods are imported
into Viet Nam.
Accessed on 26 August 2004
<http://www.asemconnectvietnam.gov.vn/asemvn/asps/news.asp?idnews=6072&tuan=34
>
WORLD TRADE ORGANIZATION (WTO)
WTO authorizes EU and others to take
action against Byrd Amendment. WTO
News, 31 August 2004
On 31 August 2004, the WTO issued decisions
by the arbitrator regarding the level
of suspension of concessions and other
obligations that Brazil, Canada, Chile,
the European Union, India, Japan, Mexico
and the Republic of Korea may request
to apply, respectively, in the case ‘United
States — Continued Dumping and Subsidy
Offset Act of 2000’. The Byrd Amendment
was introduced in 2000 and it changed
the way that anti-dumping fines were levied
by US.
Accessed on 1 September 2004 < http://www.wto.org/english/news_e/news_e.htm
>
B. CUSTOMS REGULATIONS AND CHARGES
EUROPEAN UNION (EU)
Duty-free entry for basmati rice form
India and Pakistan. The Rice Network,
30 August 2004
Effective from 1 September 2004, traditional
varieties of basmati from India and Pakistan
will be allowed to enter the EU duty-free.
In the case of India, six specific varieties
of basmati have been entitled to duty-free
entry. Exports will have to be accompanied
by authenticity certificates issued by Indian
authorities. They will be subject to DNA
analysis. In the case of Pakistan, only
two specific varieties of basmati from Pakistan
have been entitled to duty-free entry on
the same terms as imports from India. Until
now, the EU was applying a special, reduced
import duty of Euro 65 per tonne on husked
rice.
Accessed on 31 August 2004 < http://ricenetwork.com/talk/messages/18/1325.html
>
Import duties in the rice sector.
Official Journal of the European Union,
11 August 2004
Effective from 12 August 2004, the EU
approved commission regulation (EC) No
1439/2004 fixing the import duties in
the rice sector.
Accessed on 16 August 2004
< http://europa.eu.int/eur-lex/pri/en/oj/dat/2004/l_265/l_26520040812en00060008.pdf
>
UNITED STATES OF AMERICA (U.S.)
Import duties on shrimps from Brazil,
Ecuador, India and Thailand. US-ASEAN
Business Council, 5 August 2004
On 30 July 2004, the U.S. Government imposed
duties on shrimp from four countries,
up to 67.8 percent. Under the new measure,
duties would range up to 67.80 per cent
for Brazil, 6.08 to 9.35 per cent for
Ecuador, 3.56 to 27.49 per cent for India
and 5.56 to 10.25 per cent for Thailand.
This is the second action on shrimp in
July 2004 after duties were imposed on
shrimp from China and Viet Nam.
Accessed on 16 August 2004 < http://www.us-asean.org/headlines.asp
>
VIET NAM
Automatic export licenses for EU-bound
textiles. Viet Nam News Agency,
6 August 2004
Effective from 5 August 2004, Viet Nam’s
Trade Ministry started issuing automatic
export licenses for four EU-bound textile
and garment products. These products are
men's shirts, under vests, nets and rough
material clothes. All notices issued before
5 August 2004 on the allocation of export
quotas for EU-bound products of the above-said
products have expired.
Accessed on 16 August 2004
< http://www.vnagency.com.vn/NewsA.asp?LANGUAGE_ID=2&CATEGORY_ID=30&NEWS_ID=112386
>
C. NON-TARIFF MEASURES
EUROPEAN UNION (EU)
Anti-dumping duties on polyethylene terephthalate
from Australia and China. Official
Journal of the European Union, 19 August
2004
Effective from 20 August 2004, the EU approved
Council Regulation (EC) No 1467/2004 imposing
a definitive anti-dumping duty and collecting
definitively the provisional duty imposed
on imports of polyethylene terephthalate
originating in Australia and China. The
Regulation also terminates the anti-dumping
proceeding concerning imports of polyethylene
terephthalate originating in Pakistan and
authorizes the release of the amounts secured
by way of the provisional duties imposed
Accessed on 26 August 2004
< http://europa.eu.int/eur-lex/pri/en/oj/dat/2004/l_271/l_27120040819en00010017.pdf
>
Anti-dumping duties tube or pipe fittings
from Thailand. Official Journal
of the European Union, 25 August
2004
Effective from 26 August 2004, the EU
approved Council Regulation (EC) No 1496/2004
of 18 August 2004 amending Council Regulation
(EC) No 964/2003 imposing a definitive
anti-dumping duty on imports of tube or
pipe fittings from Thailand.
Accessed on 27 August 2004
< http://europa.eu.int/eur-lex/pri/en/oj/dat/2004/l_275/l_27520040825en00010005.pdf
>
Double-checking system without quantitative
limits on steel products from Kazakhstan.
Official Journal of the European Union,
6 August 2004
On 6 August 2004, the EU published Council
Regulation (EC) No 1385/2004 of 29 April
2004 on the administration of the double-checking
system without quantitative limits in
respect of the export of certain steel
products originating from Kazakhstan.
During the period from the date on which
this Regulation enters into force to 31
December 2004, imports into the EU of
such products will be subject to the presentation
of a surveillance document. This Regulation
will enter into force on the 15th day
following that of its publication in the
Official Journal of the European Union.
Accessed on 16 August 2004 < http://europa.eu.int/eur-lex/pri/en/oj/dat/2004/l_261/l_26120040806en00010014.pdf
>
INDIA
Anti-dumping duties on vitrified and
porcelain tiles from China. India
Central Board of Excise and Customs,
28 July 2004
On 28 July 2004, the Government of India
issued Customs Notification No. 80 / 2004
announcing the imposition of anti-dumping
duties against imports of vitrified and
porcelain tiles, other than vitrified
industrial tiles, falling under headings
CN 6907 or CN 6908 originating in, or
exported from, China and United Arab Emirates.
Accessed on 16 August 2004 < http://www.cbec.gov.in/cae/customs/cs-act/notifications/notfns-2k4/cs80-2k4.htm
>
THAILAND
Ban on planting GMOs lifted. US-ASEAN
Business Council, 24 August 2004
On 20 August 2004, Thailand lifted a three-year
ban on planting genetically modified organisms
(GMOs) by allowing the crops to grow in
open-field trials with non-GMO plants.
The decision, due still for formal cabinet
approval, means the government would eventually
pass laws to regulate planting areas for
GM crops, allow the import of GM seeds
and order products containing GMOs to
have explicit labels.
Accessed on 25 August 2004 < http://www.us-asean.org/headlines.asp
>
D. INDUSTRY AND TECHNOLOGY-RELATED INFORMATION
ASIA-PACIFC REGION
Asian-Pacific fisheries threatened by
over fishing. FAO News, 6 August
2004
On 9 August 20004, the Food and Agriculture
Organization (FAO) launched a report stating
that Asian-Pacific fisheries, a vital source
of food and crucial for the economies of
the region, are threatened by over fishing
and a resulting decline in the abundance
of more valuable species. FAO cites a study
by the WorldFish Centre, which suggests
that over the last 25 years the amount of
fish available in some Asian-Pacific areas
has declined by between 6 and 33 percent.
In a few instances, the drop has been as
steep as 40 percent over five years.
Accessed on 17 August 2004 < http://www.fao.org/newsroom/en/news/2004/49367/index.html
>
Software freedom day in Asia.
BBC News, 29 August 2004
On 28 August 2004, the UN International
Open Source Network (IOSN) helped promote
the first annual Software Freedom Day
disseminating free information about the
technology. Different events took place
in Bangladesh, India, Malaysia, Philippines,
Sri Lanka and Viet Nam. IOSN tries to
encourage countries to adopt affordable
software to help them overcome the digital
divide and reduce poverty. Open source
applications include the operating system
Linux, OpenOffice, the Mozilla web browser
and e-mail project, mySQL database and
the Apache web server. Additional information
on Open Source applications and software
freedom day can be found at:
- IOSN <http://www.iosn.net/Members/fredericknoronha/sfd.txt/view
>
- Sofatwarefreedomday.org < http://softwarefreedomday.org/
>
Accessed on 30 August 2004 < http://news.bbc.co.uk/2/hi/technology/3601710.stm
>
CHINA
New national standards for retail businesses.
China Ministry of Commerce, 18
August 2004
On 18 August 2004, China’s Government
announced the revision of the old standard
of Retail Business Style Categories and
the launch on 1 October 2004 of a new
standard. The measure is intended to better
guide various regions on how to improve
commercial network plans and direct commercial
investment on the basis of the development
trend of retail industry in China in recent
years.
Accessed on 25 August 2004 < http://english.mofcom.gov.cn/article/200408/20040800265527_1.xml
>
Open source software alliance formed.
Info World, 11 August 2004
A number of Chinese software companies
have joined forces with overseas firms
to form the China Open Source Software
Promotion Alliance, China's first open-source
software organization. The new alliance
marks a new stage in the promotion of
open-source software in China and across
northeast Asia.
Accessed on 25 August 2004 <http://www.sdnp.undp.org/perl/news/articles.pl?id=6770&do=gpage
>
ECONOMIC COOPERATION ORGANIZATION
(ECO)
Environmental agreement with UNEP signed.
UNEP ROAP News Release 2004/ 13,
18 August 2004
On 18 August 2004, ECO and the United
Nations Environment Program (UNEP) signed
a memorandum of understanding to expand
cooperation and strengthen environmental
management in the ECO region. The agreement
identifies potential joint activities
to promote the use of renewable energy,
to strengthen environmental law making,
enhance environmental education, as well
as to catalyze more ECO-friendly tourism
development and support the environmental
assessment services.
Accessed on 26 August 2004
< http://www.unep.org/Documents.Multilingual/Default.asp?DocumentID=403&ArticleID=4588&l=en
>
INDIA
Concept paper on new companies act
launched. India Infoline,
5 August 2004
On 4 August 2004, India’s Government
launched the Concept Paper on New Companies
Act. The Government has adopted a consultative
process enabling industries and the private
sector to give comments and suggestions
and to participate in the law making process.
The Concept Paper has been prepared in
the legislative model with explanatory
notes on chapters for viewing on the internet
so that all interested parties may not
only express their opinions on the ideas
but suggest formulations for the consideration
of the Government on various aspects of
Company Law. The Concept Paper is available
for comments from the website of Ministry
of Company Affairs at www.dca.nic.in
Accessed on 23 August 2004 < http://www.indiainfoline.com/news/news.asp?dat=44395
>
THAILAND
IT deal with China signed. The
Nation, 6 August 2004
On 5 August 2004, Thailand and China signed
an agreement to promote the development
of information and communications technology
intended to foster the ICT industry in
the two countries. Under the agreement,
Thailand and China will share knowledge
and experience in regulating the ICT industry
as well as in deploying ICT to bridge
the “digital divide”. They
will also promote collaboration between
their state ICT agencies and ICT investment
between the two countries.
Accessed on 6 August 2004
< http://www.nationmultimedia.com/page.news.php3?clid=6&id=118505&usrsess=1
>
UNITED NATIONS CONFERENCE ON
TRADE AND DEVELOPMENT (UNCTAD)
International forum on creative industries
launched in Brazil. UNCTAD/PRESS/PR/2004/019,
20 August 2004
On 20 August 2004, the Brazilian Government
and UNCTAD launched a joint initiative
to set up an International Forum on Creative
Industries in Brazil. The Forum aims to
assist developing countries derive greater
gains from the emerging dynamic sector
of creative industries, such as the recording
industry, photography, commercial art
as well as music production and the motion
picture industry. By improving market
transparency, sharing best practices and
international advocacy, the prospective
Forum is intended to play a major role
in assisting in the development of these
industries in developing countries.
Accessed on 27 August 2004
< http://www.unctad.org/Templates/webflyer.asp?docid=5218&intItemID=1634&lang=1
>
New international tropical timber
agreement underway. UNCTAD,
9 August 2004
From 26 to 30 July 2004, the world’s
leading consumer and producer countries
of tropical timber met in Geneva (Switzerland)
under UNCTAD auspices to negotiate a successor
agreement to the International Tropical
Timber Agreement (ITTA), 1994. Participating
countries requested UNCTAD to gather the
documentation and make the necessary arrangements
to reconvene the meeting in February 2005.
The ITTA is aimed at providing a framework
for consultation, international cooperation
and policy development among producing
and consuming countries on all aspects
of the timber economy. It is intended
to contribute to sustainable development
and promote exports of tropical timber
and timber products from sustainably managed
sources. Documents from the Conference
are available at http://www.unctad.org/Templates/meeting.asp?intItemID=1942&lang=1&m=7844
Accessed on 25 August 2004
< http://www.unctad.org/Templates/webflyer.asp?docid=5148&intItemID=1634&lang=1
>
UNITED STATES OF AMERICA (U.S.)
First investigation of online copyright
piracy. The Washington File,
26 August 2004
On 26 August 2004, the U.S. launched its
first investigation on peer-to-peer networks
suspected of enabling users to traffic
illegally in music, films, software and
published works. The investigation targets
illegal file sharing over direct-connect
networks that require users to share large
amounts of data in return for having access
to downloads of files submitted by other
users.
Accessed on 27 August 2004
< http://lists.state.gov/SCRIPTS/WA-USIAINFO.EXE?A2=ind0408d&L=WF-EASIA&D=0&P=3070
>
E. INVESTMENT-RELATED INFORMATION
CHINA
Amendment of rules on the management
of foreign banks. Hong Kong (China)
Trade Development Council, 4 August
2004
Effective from 1 September 2004, the China
Banking Regulatory Commission has announced
the amendment of the Implementing Rules
for Regulations on the Management of Foreign
Financial Institutions. Under the amended
rules, the one-year waiting period between
the opening of new branch offices of foreign
banks and the one-year waiting period after
an earlier application for the opening of
new branches, have been cancelled.
Accessed on 30 August 2004 < http://www.tdctrade.com/alert/cba-e0408news2.htm
>
More Chinese firms authorized to enter
futures market. Asia Times Online,
18 August 2004
Nine Chinese firms have been approved
to enter the overseas futures market recently,
bringing the total up to 26. Before this,
China had licensed 17 state-owned enterprises
in two batches to engage in futures business
overseas.
Accessed on 25 August 2004 < http://atimes.com/atimes/China/FH18Ad03.html
>
Upgrade of railway system underway.
BBC News, 29 August 2004
China has awarded contracts to three foreign
firms to upgrade its rail network. Financial
details of the three deals have not been
disclosed but the overall cost of the
modernization programme is reported to
be approximately US$900 million. The contracts
will allow China to improve more than
2,000 kilometers of track to enable trains
to run at 200km an hour.
Accessed on 30 August 2004 < http://news.bbc.co.uk/2/hi/business/3610200.stm>
MALDIVES
ADB programme to promote economic development
in outer islands. Asian Development
Bank, 17 August 2004
The Asian Development Bank (ADB) has announced
a US$12 million lending program to the
Maldives for 2005-2006. The Programme
is intended to promote economic revival
in the outer islands and atolls. It consists
of two loans to establish an inter-island
transport system and complete the electrification
of the country's outer islands. A standby
project to develop small and medium enterprises
(SMEs) in the atolls is also programmed.
Accessed on 23 August 2004 < http://www.adb.org/Documents/News/2004/nr2004086.asp
>
THAILAND
Central bank signs swap agreements
with Lao PDR. Thailand Board of
Investment, 18 August 2004
On 17 August 2004, the Bank of Thailand
and the Bank of Lao PDR signed two agreements
aimed at facilitating trade between the
two countries. A first baht/kip swap agreement
will allow both central banks to deposit
the equivalent of baht 500 million (about
US$ 12 million) with one another. Under
the second agreement the Bank of Lao is
given the authority to purchase baht by
swapping US dollars directly with the
Bank of Thailand.
Accessed on 27 August 2004 < http://www.boi.go.th/english/newsuse/newsuse.html
>
Tax breaks on overseas investments
by Thai companies. Thailand Board
of Investment, 18 August 2004
On 17 August 2004, Thailand’s Government
approved a new taxation package to allow
Thai companies who repatriate profits
from abroad have their tax liability waived.
Under the new package, specific business
taxes will also be waived for factories
moving into industrial estates under a
programme aimed at supporting industrial
clusters.
Accessed on 27 August 2004 < http://www.boi.go.th/english/newsuse/newsuse.html
>
F. DID YOU KNOW THAT...?
….corporate social responsibility
is starting to impact Asia mining companies?
Mining in the Asia-Pacific region companies
have been forced to acknowledge the impact
of their poor collective reputation. Although
an evident cultural change among mining
companies in the region is still to be seen,
there are signs that show an interesting
period in the development of a corporate
responsibility context and suggest where
corporate responsibility may be heading
in this and other business sectors.
Read full story from the World Business
Council for Sustainable Development
http://www.wbcsd.org/includes/getTarget.asp?type=DocDet&id=6759
Accessed on 8 August 2004
…. during 2003-2004 China
was the main destination of U.S. cotton
exports?
During 2003-2004 U.S. export sales report
shows US$ 13.33 million running bales
of cotton exported, which represents an
increase of US$ 1.85 million running bales
or 17 per cent from previous 2002-2003.
Reports also show that during 2003-2004
there was a significant increase in exports
to China, up US$ 2.9 million running bales.
Exports of cotton to China during this
year accounted for more than one-third
of the total reported exports while exports
to Mexico, traditionally the largest U.S.
market declined 17.5 per cent and exports
to Turkey were slightly down.
Read full story from U.S. Foreign Agricultural
Service
http://www.fas.usda.gov/cotton/circular/2004/08/feature.pdf
Accessed on 8 August 2004
… Mexico becomes the first
country to adopt global warming standards?
Through a new partnership, Mexico has
become the first country to adopt internationally
accepted standards to measure and report
company greenhouse-gas emissions. The
Mexico GHG Pilot Program was launched
with an agreement between Mexico’s
secretariat for the environment and natural
resources, the World Resources Institute
and the World Business Council for Sustainable
Development. The two-year partnership
will develop a voluntary reporting platform
for Mexican businesses and will assist
them prepare greenhouse-gas inventories,
identify reduction opportunities and participate
in programmes to reduce emissions.
Read full story from the Ethical Corporation
http://www.wbcsd.org/includes/getTarget.asp?type=DocDet&id=7127
Accessed on 27 August 2004
… small countries invest
relatively more abroad than big ones?
According to UNCTAD’s new Outward
FDI Performance Index, which measures
the relative importance of a country’s
outward FDI against its economic size
(as measured by GDP), small developed
and developing countries invest relatively
more abroad than big ones although there
is greater potential for outward FDI for
some big countries.
Read full story from UNCTAD’s website
http://www.unctad.org/Templates/webflyer.asp?docid=5215&intItemID=1634&lang=1
Accessed on 24 August 2004
Information is taken mainly from secondary
sources and UNESCAP accepts no responsibility
for its accuracy. Mention of any companies
and their products does not imply endorsement
by the United Nations.
The designations
employed and the presentation of the material
in this publication do not imply the expression
of any opinion whatsoever on the part of
the Secretariat of the United Nations concerning
the legal status of any country, territory,
city or area, or of its authorities, or
concerning the delimitation of its frontiers or boundaries.
©2004 United Nations
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ISSUE
9/2004