Moreover, it can make it challenging for them to secure access to markets sufficiently large to drive the development of the cutting-edge technologies required for the green and digital transition and to the raw materials they are based on. [...] The current policies of OECD countries in this area seem to be primarily motivated by concerns on foreign investment and seek to identify and mitigate its potential negative effects, while the dimension of promoting the positive effects of investments does not get enough attention. [...] Yet, if we would like to leverage the amounts of investment required for a more sustainable, secure, digital, and resilient economy, especially in countries that do not have a sufficient capital base of their own, the balance needs to shift from imposing requirements on investors to catering for the needs of investors and providing them with sufficient legal certainty and stability. [...] Regulatory coherence and transparency, the streamlining of regulation across ministries and sectors, the reduction of administrative burden, and the acceleration of relevant administrative procedures, such as investment permits, are important factors in this regard. [...] On the latter, we support the proposal to expand the analysis beyond the initial 4 policy areas (decarbonisation, job quality and skills, gender equality, productivity/ innovation) and have consistently underlined the importance of addressing other areas covered by the SDGs to give a comprehensive picture.
Authors
- Pages
- 8
- Published in
- France
