The WTO and foreign investment
Khor, Martin
Khor, Martin
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Publication date
1996-11-01
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Journal article
Pages
11
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Description
The European Commission and other OECD countries would like a foreign-investment treaty (or 'multilateral investment agreement') within the World Trade Organisation (WTO). This would allow foreign companies to establish themselves with 100 per cent equity in all sectors (except security) in any WTO country; and receive 'national treatment' on a par with local firms. National policies favouring local enterprises or facilities would be deemed discriminatory, and thus illegal under WTO rules. The penalties for non-compliance with WTO agreements are extensive. This article explores the grave implications of such a treaty for developing countries, and suggests alternatives that are available to them.<p>This article is hosted by our co-publisher Taylor & Francis.</p>
Language
English
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Journal
Development in Practice
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Volume
6
Issue
4
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ISSN
0961-4524
EISSN
1364-9213