FREEDOM OF INVESTMENT PROCESS Inventory of investment measures taken between 15 November 2008 and 15 February 2013 March 2013 The “Freedom of Investment" (FOI) process hosted by the OECD Investment Committee monitors investment policy developments in the 55 economies that participate in the process. The present report was prepared for the Freedom of Investment Roundtable 18 held on 20 March 2013. It follows on from earlier reports, available at http://www.oecd.org/daf/inv/investment-policy/g20.htm. More information about the FOI process is available at www.oecd.org/daf/investment/foi. This work is published on the responsibility of the Secretary-General of the OECD. The opinions expressed and arguments employed herein do not necessarily reflect the official views of the Organisation or of the governments of its member countries. This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. Investment Division, Directorate for Financial and Enterprise Affairs Organisation for Economic Co-operation and Development 2 rue André-Pascal, Paris 75116, France www.oecd.org/daf/investment//foi © OECD 2013. This report may be freely reproduced with appropriate source attribution. TABLE OF CONTENTS Introduction ................................................................................................................................................... 5 Investment policy developments between 15 November 2008 and 15 February 2013 ............................ 6 There is a broad move towards greater liberalisation, but exceptions in individual countries .............. 8 Specific sectors receive particular attention .......................................................................................... 8 Policy measures related to national security regain prominence after a period of relative calm .......... 8 Reports on individual economies – Investment measures (15 November 2008 – 15 February 2013)........................................................................................................................................ 10 Argentina ............................................................................................................................................. 10 Australia .............................................................................................................................................. 11 Austria ................................................................................................................................................. 13 Belgium ............................................................................................................................................... 14 Brazil ................................................................................................................................................... 14 Canada ................................................................................................................................................. 16 Chile .................................................................................................................................................... 19 P.R. China ........................................................................................................................................... 19 Colombia ............................................................................................................................................. 25 Costa Rica ........................................................................................................................................... 25 Czech Republic ................................................................................................................................... 25 Denmark .............................................................................................................................................. 26 Egypt ................................................................................................................................................... 26 Estonia ................................................................................................................................................. 26 Finland................................................................................................................................................. 26 France .................................................................................................................................................. 27 Germany .............................................................................................................................................. 28 Greece ................................................................................................................................................. 29 Hungary ............................................................................................................................................... 29 Iceland ................................................................................................................................................. 29 India..................................................................................................................................................... 31 Indonesia ............................................................................................................................................. 40 Ireland ................................................................................................................................................. 42 Israel .................................................................................................................................................... 42 Italy ..................................................................................................................................................... 42 Japan .................................................................................................................................................... 44 Jordan .................................................................................................................................................. 44 Korea ................................................................................................................................................... 44 Latvia................................................................................................................................................... 45 Lithuania ............................................................................................................................................. 45 Luxembourg ........................................................................................................................................ 45 Malaysia .............................................................................................................................................. 45 Mexico................................................................................................................................................. 47 Morocco .............................................................................................................................................. 47 Netherlands ......................................................................................................................................... 48 New Zealand ....................................................................................................................................... 48 3 Norway ................................................................................................................................................ 49 Peru ..................................................................................................................................................... 49 Poland .................................................................................................................................................. 49 Portugal ............................................................................................................................................... 50 Romania .............................................................................................................................................. 50 Russian Federation .............................................................................................................................. 50 Saudi Arabia ........................................................................................................................................ 51 Serbia................................................................................................................................................... 51 Slovak Republic .................................................................................................................................. 52 Slovenia ............................................................................................................................................... 52 South Africa ........................................................................................................................................ 52 Spain ...................................................................................................................................................