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Investment Incentives in Commonwealth Developed Countries and the WTO Investment Negotiations

image of Investment Incentives in Commonwealth Developed Countries and the WTO Investment Negotiations

This volume contains studies of investment incentives and subsidies available for small businesses, economically disadvantaged or remote areas and indigenous or minority groups in the four developed countries of the Commonwealth. They were commissioned to show the breadth and diversity of such incentives in the developed countries, and, by implication, the diversity of measures that are WTOcompatible, or at least do not infringe – or have not been charged with infringing – the rules on the investment agreed under the GATT 1994 or the GATS.

English

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Canada

Although governments in Canada have recently advocated both privatisation and tax reductions for individuals and corporations, they are still very involved in subsidising income-generating activity by private enterprises and special groups on a selective basis that may reflect geographical location, various socio-economic and demographic characteristics (including ‘minority’ or Aboriginal status), and the industrial classification of the activity. The efforts of governments at all levels take many forms beyond the traditional ones associated with general reductions in tax rates and modified capital allowances or grants, direct government investment and shared commitments, guaranteed access to markets or industry-wide collaboration over product standards and external trade initiatives. ‘We're there to boost productivity and growth’, asserts the annual report for the year 2000 of the Business Development Bank of Canada.

English

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