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Economic Statecraft: Investment Climate Statements for 2012


Media Note
Office of the Spokesperson
Washington, DC
June 14, 2012

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The Department of State today released its Investment Climate Statements for 2012 as part of Global Economic Statecraft Day. These statements contain updated investment climate information compiled by our missions and posts abroad for approximately 170 economies, with investment-related developments, foreign direct investment data, and rankings from internationally-recognized indices. This year's statements showcase many examples of economies improving their investment climates and opening their doors to U.S. investment.

The Investment Climate Statements represent a critical component of Secretary Clinton’s Economic Statecraft agenda as we seek to ensure that U.S. companies can invest on fair terms in overseas markets. The Investment Climate Statements help identify the barriers and market distortions that too often deter U.S. investment, provide U.S. investors with the information they need to better assess business risks, and serve as a basis for engaging foreign governments on modernizing investment regimes. U.S. economic growth will increasingly rely on our ability to compete and win overseas.

Foreign investment is vital to economic growth around the globe, and it is important that the United States encourage foreign governments to embrace stable, predictable, and transparent business climates that promote greater investment. Investment creates good jobs, increases productivity, and raises living standards. We encourage nondiscriminatory, open, and market-oriented environments for U.S. investment overseas, and the Investment Climate Statements are an important vehicle to help achieve this goal.

The statements can be viewed here: http://www.state.gov/e/eb/rls/othr/ics/index.htm.



PRN: 2012/982

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