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FDI TO ASIA-PACIFIC: MODEST OR DECLINING FLOWS REPORTED IN SOME COUNTRIES


Press Release
For use of information media - Not an official record
UNCTAD/PRESS/EB/2004/001
FDI TO ASIA-PACIFIC: MODEST OR DECLINING FLOWS REPORTED IN SOME COUNTRIES

Geneva, Switzerland, 15 January 2004

FDI flows to Kiribati were modest between 1990 and 2002. At $0.3-0.6 million, they were also relatively flat during this period, with the exception of 1993 and 1997.

Vanuatu in 2002 registered declining flows for the second year in a row, down to $15 million from $18 million a year earlier. Australia, New Zealand and Japan were the major investors overall, with China and New Caledonia leading the way among developing country investors. Most FDI was in the tertiary sector, concentrated in trade and tourism.

FDI flows to Kyrgyzstan stagnated at $5 million during 2000-2002. Developed countries as a group have been disinvesting from the country since 2000, while Central and Eastern European countries have emerged as major investors. Flows to the tertiary sector have been falling since 1998.

The United States and the Republic of Korea have been significant investors in the Federated States of Micronesia.

National investment profiles are being published online as they become available, based on each country´s reporting schedules. The profiles, which are part of UNCTAD´s World Investment Directory, provide quick electronic access to the latest statistics on foreign direct investment (FDI) and the operations of transnational corporations (TNCs). They include statistical definitions and sources, a listing of relevant national laws and regulations, information on bilateral and multilateral agreements and a bibliography.