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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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