The Office of Investment Affairs (OIA) works to improve the climate for international investment both at home and abroad. International investment is a cornerstone of the world economy: it creates jobs, economic growth and prosperity at home, and supports development and stability worldwide.
Investment Agreements and Disputes
Our office co-leads the negotiation of bilateral investment treaties (BITs) along with the U.S. Trade Representative to facilitate better investment opportunities worldwide. OIA also provides guidance and appropriate assistance to U.S. companies involved in investment disputes with foreign governments.
Improving Investment Climates Worldwide
We work together with other State Department, U.S. Government, and multilateral entities to provide information on investment climates and encourage policies that improve investment opportunities. Our Investment Climate Statements provide U.S. firms with economy-specific information and assessments prepared by the State Department’s posts abroad on investment laws, measures, and other factors that may be useful to them in making business decisions. They can also serve as indicators of where reforms in investment policies would be likely to attract further investment into a country.
Regional and Multilateral Coordination
OIA leads U.S. Government engagement in several regional and multilateral fora to encourage open investment policy, discourage protectionist policies, and advance U.S. views on investment rules and good governance to create an enabling environment for investment.
We lead the U.S. delegation to the Organization for Economic Cooperation and Development (OECD) Investment Committee, co-lead with the U.S. Trade Representative the delegation to the Asia-Pacific Economic Cooperation (APEC) Investment Experts Group, and lead on investment work at the United Nations Conference on Trade and Development (UNCTAD).
OIA works closely with the Overseas Private Investment Corporation (OPIC), a U.S. government agency that supports U.S. investors overseas with specialized insurance and finance programs. We coordinate with State Department bureaus and other U.S. Government agencies to ensure OPIC’s activities are consistent with overall U.S. foreign policy aims.
OIA also works with the Department of Treasury to establish intergovernmental agreements to enhance tax compliance under the Foreign Accounts Tax Compliance Act (FATCA).
Foreign Investment in the United States and U.S. National Security
OIA promotes U.S. prosperity by supporting foreign investment in the United States. We partner with other Department of State offices and federal government agencies to encourage and secure inward investment.
EB works with the Department of Commerce and other agencies to support the SelectUSA initiative. SelectUSA program, led by the U.S. Department of Commerce, seeks to attract foreign investment into the United States as a mechanism for generating economic growth and job creation.
In some cases, mergers and acquisitions by foreign firms create security concerns. OIA represents the Department of State on the Committee for Foreign Investment in the United States (CFIUS). CFIUS is an inter-agency committee led by the U.S. Department of Treasury that reviews mergers and acquisitions of U.S. businesses by foreigners to determine whether such transactions could affect U.S. national security. More information about CFIUS is available from the U.S. Department of Treasury.