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28 June 10 - G20 Declaration calls on UNCTAD to continue monitoring investment policy measures

G20The G20 Toronto Summit renewed the G20's commitment to refrain from raising barriers to investment or trade until 2013 and called on UNCTAD to continue monitoring investment policy measures and to report publicly on a quarterly basis on these developments.


The G20 Toronto Summit Declaration reiterated the willingness of G20 governments to fight protectionism and promote investment.

The Declaration highlighted the "right choice" of governments in keeping markets open to the opportunities that investment offers and renewed the G20's commitment to refrain from raising barriers to investment or trade until 2013.

The Declaration, adopted on 27 June, called on UNCTAD to continue monitoring investment policy measures and to report publicly on a quarterly basis on these developments (paragraph 36).

[…] we renew for a further three years, until the end of 2013, our commitment to refrain from raising barriers or imposing new barriers to investment or trade in goods and services, imposing new export restrictions or implementing World Trade Organization (WTO)-inconsistent measures to stimulate exports, and commit to rectify such measures as they arise.

We will minimize any negative impact on trade and investment of our domestic policy actions, including fiscal policy and action to support the financial sector.

We ask the WTO, OECD and UNCTAD to continue to monitor the situation within their respective mandates, reporting publicly on these commitments on a quarterly basis.
Para. 36
G20 Toronto Summit Declaration
27 June 2010

On 14 June, UNCTAD issued a Report on G20 Investment Measures, prepared jointly with the OECD for consideration at the G20 Summit in Toronto.

The UNCTAD-OECD Report on G20 Investment Measures finds that between November 2009 and May 2010, most investment policy moves pointed toward greater openness and transparency for foreign investors, but that some emergency measures designed to manage the effects of the crisis continue to threaten the flow of international investment.


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