Governments must avoid investment protectionism

    Prepared by the Commission on Trade and Investment Policy and the Commission on Financial Services and Insurance

    Prepared by the ICC commission on : Commission on Trade and Investment Policy
    Publication date : 02/11/2006 | Document Number : 103 – 275

    The International Chamber of Commerce (ICC) strongly believes that cross-border investment is essential to sustaining prosperity in developed and developing countries.

    While governments of all sovereign nations reserve the right to regulate, it is critical that they do so in a manner that does not discriminate against or impede foreign investment. Some governments have clearly gone too far. ICC deplores this trend and urges governments in developed and developing countries to avoid investment protectionism and to uphold their commitments in word and in practice to welcome market-driven foreign investment.