World Trade Organization WT/WGTI/W/84 16 June 2000 (00-2410) Working Group on the Relationship between Trade and Investment Original: English Communication from the European Community AND ITS MEMBER STATES The following communication, dated 8 June 2000, has been received from the Permanent Delegation of the European Commission. _______________ CHECKLIST OF ISSUES, AGENDA ITEM IV: advantages and disadvantages of entering into bilateral, regionaland multilateral rules on investment, including from a development perspective “Impact of international investment rules on current national policies” Introduction All countries today are willing to create the most favourable conditions to attract Foreign Direct Investment (FDI) flows. Developed and developing countries welcome FDI as an important factor of growth and development. In order to attract FDI most governments have adopted far reaching internal reforms of their investment regime, aim