Details

Autor(en) / Beteiligte

• OECD
• Organisation for Economic Co-operation and Development,

Titel

OECD Investment Policy Reviews

Ort / Verlag

Paris : OECD Publishing,

Erscheinungsjahr

2020

Link zum Volltext

• OECD iLibrary

Beschreibungen/Notizen

• Intro -- Foreword -- Table of contents -- Abbreviations and acronyms -- Executive summary -- 1. Assessment and recommendations -- Historical context -- Liberalisation reforms have improved the business environment and propelled GDP growth -- But socio-economic challenges remain -- Boosting investment and economic growth requires more than doing business reforms -- Main recommendations -- Legal framework and regulations on investor entry -- Promoting sustainable investment in Georgia's agri-food value chain -- Investment promotion -- Responsible business conduct -- References -- Notes -- 2. FDI trends and sustainable development impact -- Summary -- Recent FDI trends suggest potential areas for growth -- Firms in Europe and bordering countries provide the most FDI -- FDI in export-oriented sectors remains below potential -- Harnessing FDI for sustainable development -- References -- Notes -- 3. Domestic regulatory framework and investor protection -- Summary and policy recommendations -- Georgia is open to foreign investment, with limited exceptions -- Competition policy is still a work in progress -- Consumer protection -- Investment protections under the Investment Law and related legislation -- Strengthening the protection and enforcement of intellectual property rights -- Sustained momentum is needed to build on recent improvements for the independence, accountability and capacity of the judiciary -- Strong legal framework for arbitration and mediation but some challenges remain in becoming an attractive place for alternative dispute resolution -- The success of recent land reforms should provide a base for continual improvement of land tenure rules and land administration services -- Strong legal frameworks for data protection and cyber security -- Investment treaties -- Overview of Georgia's investment treaties.
• Treaty use: ISDS claims under Georgia's investment treaties -- Georgia's investment treaty policy -- Provisions referring generally to "fair and equitable treatment" may generate serious risks and costs, and should be addressed where possible -- Most-favoured nation (MFN) treatment provisions in Georgia's investment treaties may have a range of unintended consequences -- Unqualified provisions referring to protection for indirect expropriation should be clarified where possible -- Georgia's investment treaties contain relatively few specifications or clarifications in investor-state dispute settlement (ISDS) provisions -- Clearer specification of investment protection provisions would help to reflect government intent and ensure policy space for government regulation -- Investment treaties can be used as tools to liberalise domestic investment regimes -- Addressing the unique approach to claims for reflective loss in ISDS -- Opportunities for investment treaties to address investor responsibilities -- Evaluating overlaps between investment treaties -- Evaluating overlaps between investment treaties and domestic law -- Developing approaches to prevention of ISDS claims and ISDS case management -- Procedural considerations: exit and renegotiation -- References -- Annex 3.A. Georgia's investment treaties -- Notes -- 4. Promoting sustainable investment in Georgia's agri-food value chain -- Summary and policy recommendations -- Trends in agri-food investment, trade and productivity -- The agri-food value chain plays an essential role in Georgia's economy -- Foreign and domestic investment can support the development of Georgia's agri-food value chain -- Trade is a crucial component of agri-food MNEs' investment strategies -- Attracting FDI can boost productivity and wages in Georgia's agri-food value chain.
• The policy environment for agri-food investment -- A broad range of policies and strategies have been developed to support Georgia's agri-food value chain -- Investors in the agri-food value chain benefit from a relatively liberal trade policy regime -- Investment restrictions in the agriculture and food sectors are low by international standards -- A well-functioning market for agricultural land could help to encourage investment -- There is scope to enhance access to finance in the agri-food value chain -- Further improvements to infrastructure and logistics services are needed -- Strengthening supply chain linkages in the agri-food value chain -- Boosting the capacities of agri-food SMEs could help to facilitate linkages -- More can be done to improve food safety and quality standards -- References -- Notes -- 5. Promoting investment in Georgia -- Summary and recommendations -- Investment promotion and facilitation structure and actors involved -- The strategic and institutional framework for investment promotion and facilitation -- "Produce in Georgia", the overall industrial development framework implemented by Enterprise Georgia. -- A fragmented institutional framework for investment promotion and a need to strengthen Enterprise Georgia's Invest branch -- Enterprise Georgia's mandate, governance and resources -- Allocating more resources to investment promotion would raise its visibility and hence effectiveness -- An enhanced oversight function for Enterprise Georgia's could further empower the agency and support its investment promotion functions -- Enterprise Georgia would benefit from recruiting more staff from the private sector -- The strategy and instruments of investment promotion -- Enterprise Georgia's activity mix is balanced overall, but with less investment facilitation and aftercare services than peers.
• Enterprise Georgia's restructuring can give renewed emphasis to investment attraction -- Investment facilitation, aftercare and policy advocacy activities -- Georgia has established itself as an easy place to do business since 2003 -- In the longer term, Enterprise Georgia could strengthen aftercare and policy advocacy -- Formal co-ordination and co-operation terms and mechanisms would improve investment promotion and encourage synergies -- References -- Notes -- 6. Promoting responsible business conduct in Georgia -- Summary and policy recommendations -- Scope and importance of responsible business conduct -- RBC in Georgia: context, incentives and opportunities -- Awareness of RBC is on the rise -- Consolidating efforts: government commitments and policies -- RBC and the state as an economic actor: leading by example in the state's own economic activities -- Public procurement -- State-owned enterprises -- Investment promotion -- Policies in specific areas covered by the Guidelines and relevant to Georgia -- Need for maintaining gains in human rights protection -- Access to remedy and independence of the judiciary -- Civil society space and human rights defenders -- Business-related RBC impacts: spotlight on high-risk sectors -- Continue to strengthen environmental governance, including enforcement -- Existing environmental issues -- Environmental governance -- Environmental performance of SMEs -- Employment and industrial relations: Georgia is strengthening its system of labour rights protection -- Policy developments: Georgia's path towards stronger protection of labour rights -- Working conditions and occupational safety and health -- Non-discrimination -- Freedom of association and collective bargaining -- Forced labour and human trafficking -- The fight against corruption has advanced -- References -- Notes.
• Georgia's reform trajectory has been nothing short of remarkable. In less than two decades, successive structural, regulatory and economic reforms have propelled Georgia from one of the poorest post-Soviet states to an upper-middle income economy.
• Description based on publisher supplied metadata and other sources.