OECD Reviews of Foreign Direct Investment
Subtitle: Estonia 2001
By: Organisation for Economic Co-operation and Development
Series: OECD Reviews of Foreign Direct Investment
Publisher: OECD Publishing
Published: 2001
Place of publication: Paris
Language: eng
Format: [electronic resource] /
Number of pages: 62
ISBN-13: 9789264194953
Subjects: Finance and Investment
Description: OECD's review of foreign direct investment policy in Estonia. It finds that since regaining its independence in 1991, Estonia has undergone a remarkable economic transformation. By the end of 2000, it had received some US$2.65 billion in foreign direct investment (FDI), principally from European countries and the United States, and invested some US$443 million in the other Baltic countries. FDI has financed green-field investment, mergers and acquisitions, as well as the privatisation of state-owned-enterprises. Creating favourable conditions for FDI and openness to foreign trade have been key elements of Estonia’s economic strategy. Estonia has been included in the first wave of accession of new Members to the European Union and it joined the World Trade Organisation in 2000. The revamping of the old regime and privatisation are practically complete, and special attention is being given to reducing bureaucracy and regulation further. Very few restrictions to FDI remain. Estonia now faces the challenge of keeping up with the competition and catching up with the richer nations. On 26 July 2001, Estonia became eligible for adherence to the OECD Declaration on International Investment and Multinational Enterprises. This will help to consolidate Estonia's recent achievements and further expand its economic relations with OECD countries and other adherents to the Declaration.
Table of contents: title: Overview; title: Chapter 1. Foreign Direct Investment Trends, Factors, and Prospects; title: -Introduction; title: Flows and Stocks of FDI; title: Countries of Origin and Destination; title: Distribution by Economic Activity; title: Geographic Distribution; title: Export Structure; title: Major Investors; title: Financial Structure of FDI; title: Main Explanatory Factors behind FDI; title: Future Perspectives; title: Chapter 2. Economic Impact of Foreign Direct Investment; title: FDI and Fixed Capital Formation; title: FDI and the Balance of Payments; title: FDI and the Estonian Banking Sector; title: FDI and Extonian Exports; title: FDI, Employment, Productivity, and Salaries; title: Chapter 3. The Legal and Regulatory Framework for FDI; title: -Introduction; title: General Requirements; title: Sectoral Measures; title: Privatisation; title: Investment Incentives and Promotion; title: Government Procurement; title: Investment Protection and Double Taxation; title: Annex 1. Summary of the Main Provisions of the OECD Declaration on International Investment and Multinational Enterprises; title: -National Treatment; title: Guidelines for Multinational Enterprises; title: Incentives and Disincentives; title: Conflicting Requirements; title: Annex 2. Estonia's Position under the OECD Declaration on International Investment and Multinational Enterprises; title: -Exceptions under the National Treatment Provision; title: Implementation of the OECD Guidelines for Multinational Enterprises; title: Annex 3. Methodology for FDI Data Compilation in Estonia; title: Annex 4. Foreign Direct Investment Statistics in Adherent Countries to the OECD Declaration on International Investment and Multinational Enterprises; title: References