Improving investment frameworks in Southeast Asia
This AANZFTA factsheet explains how OECD investment policy reviews contribute to the ASEAN Economic Community.
About the PFI update
The Policy Framework for Investment (PFI) is the most comprehensive and systematic approach for improving investment conditions ever developed. It helps governments and regions to design and implement policy reforms to create an attractive, robust and competitive environment for domestic and foreign investment.
Since the PFI was agreed in 2006, new forces have reshaped the global investment landscape, including the global economic and financial crisis, which started in 2008 and from which many economies have still not recovered, the emergence of new major outward investors within the G20, the spread of global value chains, and signs that pressures for investment protectionism are on the rise. Numerous lessons have also been learnt through the use of the PFI, particularly in developing and emerging economies. To reflect new global economic fundamentals, an update of the PFI was launched in 2013 and is due for completion in 2015.
The update is taking place with the active participation of emerging and developing countries through an inclusive process led by an international task force co-chaired by an OECD and non-OECD country:
- FINLAND - HE Okko-Pekka Salmimies, Ambassador to the OECD and UNESCO
- MYANMAR - Mr Aung Naing Oo, Director General, Directorate for Investments and Company Administration, Ministry of National Planning and Economic Development
More information is available in the PFI update concept note.
THE PFI IN ACTION
More than 25 countries have used the PFI when engaging in investment policy reviews. Their experiences will help to shape the update and strengthen the PFI as a framework. Read about how these countries are using the PFI:
DOCUMENTS AND LINKS
Concept note for updating the PFI
Text and background for the PFI
OECD Investment Policy Reviews
OECD Guidelines for Multinational Enterprises