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Among the more than 165 countries with a new Investment Climate Statement this week from the U.S. Department of State is India, whose Prime Minister Narendra Modi delivered remarks in June at a U.S.-India Strategic Partnership Forum event in Washington, D.C., with Secretary of State Antony J. Blinken looking on.
Photo by James Pan courtesy of U.S. State Department
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The U.S. Department of State yesterday released its 2023 Investment Climate Statements, reports intended to help U.S. companies make informed business decisions concerning 165 countries and economies that are current or potential markets. The statements “also serve as references for partner governments seeking to mobilize high-quality, sustainable investments to facilitate their economic growth,” says the State Department, covering topics including (but not limited to):
- Openness to Investment
- Legal and Regulatory Systems
- Protection of Real and Intellectual Property Rights
- Financial Sector
- State-Owned Enterprises
- Responsible Business Conduct
- Corruption
- Labor Policies and Practices
“The Investment Climate Statements also cover labor conditions, efforts to combat corruption, and steps countries and economies have taken to attract environmentally sustainable foreign direct investment and to encourage responsible business conduct,” says the Department. A visit to the report on Czechia (the Czech Republic), for example, also reveals important information about investment incentives, foreign trade zones, data localization requirements and recent FDI figures, noting that FDI recently spiked by $8 billion to $200.5 billion as of year-end 2021.
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