Global FDI falls 41% in H1 2018 after Trump tax reforms, says UN
Updated : October 15, 2018 10:51 PM IST
President Donald Trump's US tax reforms were the main cause of the slump, which followed a 23 percent fall in 2017, as American firms repatriated a net $217 billion from foreign affiliates, UNCTAD investment chief James Zhan said.
FDI, comprising cross-border corporate takeovers, intra-company loans and investments in start-up projects abroad, is a bellwether of globalisation and a potential sign of growth of corporate supply chains and future trade ties.
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