{"disclaimer":"Transcripts available through this tool are created by using automatic speech recognition and are not official records nor official documents of the United Nations. Official records and official documents are available on the Official Document System of the United Nations.","url":"https://transcripts.un.org/en/asset/k16/k160sbw2fq","llms":{"note":"Plain-text sibling of this page, compact for LLM context. 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us.","start":32.895,"end":36.01,"topics":[],"words":[{"text":"For","start":32.895,"end":32.975},{"text":"those","start":32.991,"end":33.12},{"text":"not","start":33.152,"end":33.296},{"text":"registered,","start":33.312,"end":33.762},{"text":"we","start":34.26,"end":34.292},{"text":"encourage","start":34.292,"end":34.757},{"text":"you","start":34.757,"end":34.918},{"text":"to","start":35.4,"end":35.56},{"text":"join","start":35.56,"end":35.833},{"text":"us.","start":35.881,"end":36.01}]},{"text":"We will begin with opening remarks by UNCTAD's Acting Secretary-General, Pedro Manuel Moreno, to my left, to your right for those in the room and on 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Susatorva, and on the far end of the table, Massimo Meloni, to add details when and if 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you very much.","start":74.706,"end":75.415,"topics":[],"words":[{"text":"Thank","start":74.706,"end":74.867},{"text":"you","start":74.867,"end":74.899},{"text":"very","start":74.947,"end":75.141},{"text":"much.","start":75.141,"end":75.415}]},{"text":"Pedro Moreno, the floor is yours.","start":76.075,"end":77.3,"topics":[],"words":[{"text":"Pedro","start":76.075,"end":76.43},{"text":"Moreno,","start":76.43,"end":76.688},{"text":"the","start":76.736,"end":76.817},{"text":"floor","start":76.817,"end":76.978},{"text":"is","start":76.978,"end":77.026},{"text":"yours.","start":77.058,"end":77.3}]},{"text":"Thank you.","start":77.381,"end":77.703,"topics":[],"words":[{"text":"Thank","start":77.381,"end":77.606},{"text":"you.","start":77.606,"end":77.703}]}]}],"speaker":{"name":"Marcello","affiliation":"UNCTAD","affiliation_full":"UNCTAD","group":null,"function":"Moderator"}},{"statement_number":2,"paragraphs":[{"sentences":[{"text":"Thank you, Marcello.","start":78.912,"end":79.558,"topics":[],"words":[{"text":"Thank","start":78.912,"end":79.138},{"text":"you,","start":79.138,"end":79.17},{"text":"Marcello.","start":79.186,"end":79.558}]},{"text":"Good morning, dear colleagues, friends from the press.","start":79.622,"end":82.512,"topics":[],"words":[{"text":"Good","start":79.622,"end":79.719},{"text":"morning,","start":79.719,"end":80.01},{"text":"dear","start":80.704,"end":80.93},{"text":"colleagues,","start":80.93,"end":81.301},{"text":"friends","start":81.656,"end":81.947},{"text":"from","start":81.979,"end":82.124},{"text":"the","start":82.14,"end":82.286},{"text":"press.","start":82.286,"end":82.512}]},{"text":"It's a pleasure to be with you today launching one of UNTAD's flagship 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The debate focused on whether rising FDI volumes are translating into broad-based development 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will leave it here for the moment.","start":430.895,"end":432.101,"topics":[],"words":[{"text":"I","start":430.895,"end":430.959},{"text":"will","start":430.976,"end":431.04},{"text":"leave","start":431.04,"end":431.217},{"text":"it","start":431.217,"end":431.361},{"text":"here","start":431.361,"end":431.49},{"text":"for","start":431.554,"end":431.763},{"text":"the","start":431.763,"end":431.795},{"text":"moment.","start":431.795,"end":432.101}]}]}],"speaker":{"name":"Pedro Manuel Moreno","affiliation":"UNCTAD","affiliation_full":"UNCTAD","group":null,"function":"Acting Secretary-General"}},{"statement_number":3,"paragraphs":[{"sentences":[{"text":"Thank you.","start":435.3,"end":435.461,"topics":[],"words":[{"text":"Thank","start":435.3,"end":435.412},{"text":"you.","start":435.412,"end":435.461}]},{"text":"Thank you.","start":435.557,"end":435.863,"topics":[],"words":[{"text":"Thank","start":435.557,"end":435.718},{"text":"you.","start":435.718,"end":435.863}]},{"text":"Thank you very much, Assistant Acting— sorry, thank you very much, Acting Secretary-General.","start":435.943,"end":439.917,"topics":[],"words":[{"text":"Thank","start":435.943,"end":436.12},{"text":"you","start":436.12,"end":436.152},{"text":"very","start":436.184,"end":436.345},{"text":"much,","start":436.345,"end":436.571},{"text":"Assistant","start":436.619,"end":437.311},{"text":"Acting—","start":437.729,"end":438.019},{"text":"sorry,","start":438.051,"end":438.292},{"text":"thank","start":438.453,"end":438.759},{"text":"you","start":438.759,"end":438.791},{"text":"very","start":438.791,"end":438.936},{"text":"much,","start":438.936,"end":439.08},{"text":"Acting","start":439.418,"end":439.627},{"text":"Secretary-General.","start":439.627,"end":439.917}]},{"text":"Secretary-General Pedro Manuel Moreno.","start":440.05,"end":443.239,"topics":[],"words":[{"text":"Secretary-General","start":440.05,"end":440.694},{"text":"Pedro","start":441.113,"end":441.451},{"text":"Manuel","start":441.451,"end":442.063},{"text":"Moreno.","start":442.675,"end":443.239}]},{"text":"I will now turn to Nan Li Collins, UNCTAD Director of Division of Investment and 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you.","start":459.39,"end":459.778,"topics":[],"words":[{"text":"Thank","start":459.39,"end":459.617},{"text":"you.","start":459.617,"end":459.778}]}]}],"speaker":{"name":"Marcello","affiliation":"UNCTAD","affiliation_full":"UNCTAD","group":null,"function":"Moderator"}},{"statement_number":4,"paragraphs":[{"sentences":[{"text":"Thank you. The Acting Secretary-General has framed the broader development messages.","start":461.815,"end":467.78,"topics":[],"words":[{"text":"Thank","start":461.815,"end":462.073},{"text":"you.","start":462.073,"end":462.283},{"text":"The","start":463.415,"end":463.56},{"text":"Acting","start":463.593,"end":463.835},{"text":"Secretary-General","start":463.916,"end":464.578},{"text":"has","start":464.708,"end":464.853},{"text":"framed","start":464.95,"end":465.451},{"text":"the","start":465.451,"end":465.694},{"text":"broader","start":465.775,"end":466.179},{"text":"development","start":466.179,"end":466.599},{"text":"messages.","start":467.13,"end":467.78}]},{"text":"Let me turn to what the evidence in this year's World Investment Report shows.","start":467.828,"end":471.81,"topics":[],"words":[{"text":"Let","start":467.828,"end":467.942},{"text":"me","start":467.942,"end":468.072},{"text":"turn","start":468.283,"end":468.527},{"text":"to","start":468.527,"end":468.641},{"text":"what","start":468.69,"end":468.787},{"text":"the","start":468.787,"end":468.917},{"text":"evidence","start":468.95,"end":469.437},{"text":"in","start":469.437,"end":469.486},{"text":"this","start":469.583,"end":469.762},{"text":"year's","start":469.762,"end":470.152},{"text":"World","start":470.152,"end":470.477},{"text":"Investment","start":470.477,"end":470.916},{"text":"Report","start":470.965,"end":471.468},{"text":"shows.","start":471.468,"end":471.81}]},{"text":"As the headline shows, global FDI rose by 6% to $1.6 trillion in 2025, but recovery is uneven and its development impact is not automatic.","start":473.88,"end":486.211,"topics":[{"key":"fdi-concentration","label":"FDI Concentration and Uneven Recovery","description":"Speakers highlighted that global foreign direct investment has recovered, but the gains are concentrated in developed economies, a small number of recipient countries, and a narrow set of projects. 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They called for stronger international cooperation on transparency, risk-sharing, investment facilitation, and reform of investment agreements so that the global investment system remains development-oriented."}],"words":[{"text":"International","start":714.332,"end":714.816},{"text":"investment","start":714.816,"end":715.3},{"text":"agreements","start":715.3,"end":716.025},{"text":"are","start":716.025,"end":716.17},{"text":"also","start":716.17,"end":716.412},{"text":"evolving,","start":716.492,"end":716.912},{"text":"with","start":717.379,"end":717.508},{"text":"new","start":717.556,"end":717.766},{"text":"agreements","start":717.798,"end":718.427},{"text":"focusing","start":718.427,"end":718.975},{"text":"on","start":719.233,"end":719.297},{"text":"facilitation","start":719.426,"end":720.506},{"text":"and","start":720.845,"end":720.99},{"text":"cooperation.","start":721.022,"end":721.57}]},{"text":"But old-generation agreements can also create tension with today's industrial policy, security, and development objectives.","start":722.62,"end":730.782,"topics":[{"key":"international-investment-cooperation","label":"International Cooperation and Investment Rules","description":"Speakers emphasized that national action alone is not enough in a more competitive and fragmented global economy. They called for stronger international cooperation on transparency, risk-sharing, investment facilitation, and reform of investment agreements so that the global investment system remains development-oriented."},{"key":"selective-investment-policy","label":"Selective and Strategic Investment Policy","description":"Governments are becoming more interventionist and selective in how they manage investment, using targeted incentives, procurement, screening mechanisms, and other industrial-policy tools. 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These reforms were framed as more important for attracting quality investment than headline classifications alone."}],"words":[{"text":"That","start":869.545,"end":869.625},{"text":"means","start":869.722,"end":869.932},{"text":"identifying","start":870.109,"end":870.658},{"text":"where","start":870.77,"end":871.012},{"text":"they","start":871.012,"end":871.109},{"text":"can","start":871.174,"end":871.287},{"text":"compete","start":871.335,"end":871.883},{"text":"and","start":872.384,"end":872.448},{"text":"build","start":872.609,"end":873.013},{"text":"the","start":873.013,"end":873.093},{"text":"conditions","start":873.093,"end":873.642},{"text":"that","start":874.142,"end":874.384},{"text":"make","start":874.384,"end":874.61},{"text":"investment","start":874.61,"end":875.207},{"text":"viable:","start":875.207,"end":875.691},{"text":"reliable","start":876.901,"end":877.466},{"text":"infrastructure,","start":877.466,"end":878.256},{"text":"energy,","start":878.595,"end":878.966},{"text":"digital","start":879.467,"end":879.838},{"text":"connectivity,","start":879.886,"end":880.58},{"text":"skills,","start":881.032,"end":881.548},{"text":"supplier","start":882.129,"end":882.726},{"text":"capabilities,","start":882.775,"end":883.404},{"text":"transparent","start":884.05,"end":884.614},{"text":"regulation,","start":884.647,"end":885.26},{"text":"and","start":885.615,"end":885.679},{"text":"effective","start":885.76,"end":886.389},{"text":"institutions.","start":886.486,"end":887.035}]},{"text":"It also means using incentives carefully.","start":888.6,"end":891.23,"topics":[{"key":"selective-investment-policy","label":"Selective and Strategic Investment Policy","description":"Governments are becoming more interventionist and selective in how they manage investment, using targeted incentives, procurement, screening mechanisms, and other industrial-policy tools. 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I'm Bless O'Hareo from Business Mirror, a business newspaper based in the Philippines.","start":1105.258,"end":1110.4,"topics":[],"words":[{"text":"Good","start":1105.258,"end":1105.404},{"text":"day,","start":1105.436,"end":1105.55},{"text":"everyone.","start":1105.68,"end":1106.134},{"text":"I'm","start":1106.393,"end":1106.604},{"text":"Bless","start":1106.637,"end":1106.767},{"text":"O'Hareo","start":1106.896,"end":1107.464},{"text":"from","start":1107.529,"end":1107.675},{"text":"Business","start":1107.724,"end":1108.178},{"text":"Mirror,","start":1108.178,"end":1108.421},{"text":"a","start":1108.519,"end":1108.665},{"text":"business","start":1108.665,"end":1108.973},{"text":"newspaper","start":1109.07,"end":1109.573},{"text":"based","start":1109.573,"end":1109.881},{"text":"in","start":1109.881,"end":1110.027},{"text":"the","start":1110.06,"end":1110.141},{"text":"Philippines.","start":1110.141,"end":1110.4}]},{"text":"My first question is, The report shows that more than 80% of global FDI is concentrated in the top 20 recipient economies.","start":1110.465,"end":1120.627,"topics":[{"key":"fdi-concentration","label":"FDI Concentration and Uneven Recovery","description":"Speakers highlighted that global foreign direct investment has recovered, but the gains are concentrated in developed economies, a small number of recipient countries, and a narrow set of projects. The debate focused on whether rising FDI volumes are translating into broad-based development benefits."}],"words":[{"text":"My","start":1110.465,"end":1110.498},{"text":"first","start":1110.498,"end":1110.579},{"text":"question","start":1110.579,"end":1110.709},{"text":"is,","start":1110.709,"end":1110.806},{"text":"The","start":1113.418,"end":1113.674},{"text":"report","start":1113.739,"end":1114.22},{"text":"shows","start":1114.22,"end":1114.445},{"text":"that","start":1114.542,"end":1114.718},{"text":"more","start":1114.718,"end":1114.879},{"text":"than","start":1114.879,"end":1115.087},{"text":"80%","start":1115.12,"end":1115.441},{"text":"of","start":1115.778,"end":1115.89},{"text":"global","start":1116.003,"end":1116.388},{"text":"FDI","start":1116.468,"end":1116.838},{"text":"is","start":1117.351,"end":1117.496},{"text":"concentrated","start":1117.608,"end":1118.299},{"text":"in","start":1118.347,"end":1118.459},{"text":"the","start":1118.491,"end":1118.54},{"text":"top","start":1118.556,"end":1118.748},{"text":"20","start":1118.748,"end":1119.102},{"text":"recipient","start":1119.599,"end":1120.177},{"text":"economies.","start":1120.177,"end":1120.627}]},{"text":"I would just like to ask, what should countries like the Philippines do to attract a larger share of global investment?","start":1120.723,"end":1127.323,"topics":[{"key":"developing-country-entry","label":"Developing Countries' Entry Points","description":"Several speakers stressed that developing countries should identify realistic niches rather than try to compete across every strategic industry or match major-power subsidies. 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can say it's really about— among China, EU, Korea, Japan, China.","start":1374.336,"end":1381.513,"topics":[],"words":[{"text":"I","start":1374.336,"end":1374.352},{"text":"can","start":1374.352,"end":1374.465},{"text":"say","start":1374.465,"end":1374.77},{"text":"it's","start":1374.77,"end":1375.14},{"text":"really","start":1375.14,"end":1375.398},{"text":"about—","start":1375.398,"end":1375.655},{"text":"among","start":1375.719,"end":1376.009},{"text":"China,","start":1376.427,"end":1376.942},{"text":"EU,","start":1377.473,"end":1377.762},{"text":"Korea,","start":1379.001,"end":1379.58},{"text":"Japan,","start":1379.87,"end":1380.353},{"text":"China.","start":1381.03,"end":1381.513}]}]}],"speaker":{"name":"Nan Li Collins","affiliation":"UNCTAD","affiliation_full":"UNCTAD","group":null,"function":"Director, Division on Investment and Enterprise"}},{"statement_number":17,"paragraphs":[{"sentences":[{"text":"Thank you very 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please.","start":1392.801,"end":1395.326,"topics":[],"words":[{"text":"Next","start":1392.801,"end":1393.348},{"text":"one","start":1393.348,"end":1393.557},{"text":"is","start":1393.766,"end":1393.846},{"text":"Eugenia","start":1393.878,"end":1394.57},{"text":"Peroso,","start":1394.618,"end":1395.053},{"text":"please.","start":1395.101,"end":1395.326}]},{"text":"Thank you.","start":1395.584,"end":1395.857,"topics":[],"words":[{"text":"Thank","start":1395.584,"end":1395.76},{"text":"you.","start":1395.76,"end":1395.857}]}]}],"speaker":{"name":"Marcello","affiliation":"UNCTAD","affiliation_full":"UNCTAD","group":null,"function":"Moderator"}},{"statement_number":18,"paragraphs":[{"sentences":[{"text":"Hi, I'm Eugenia.","start":1398.415,"end":1399.798,"topics":[],"words":[{"text":"Hi,","start":1398.415,"end":1398.608},{"text":"I'm","start":1399.122,"end":1399.524},{"text":"Eugenia.","start":1399.541,"end":1399.798}]},{"text":"I'm the editor of Investment 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Astrid, you can talk about some sector trends and numbers.","start":1435.434,"end":1438.561,"topics":[],"words":[{"text":"Maybe,","start":1435.434,"end":1435.659},{"text":"Astrid,","start":1435.756,"end":1435.981},{"text":"you","start":1435.997,"end":1436.094},{"text":"can","start":1436.094,"end":1436.239},{"text":"talk","start":1436.239,"end":1436.416},{"text":"about","start":1436.416,"end":1436.69},{"text":"some","start":1436.69,"end":1436.869},{"text":"sector","start":1436.869,"end":1437.357},{"text":"trends","start":1437.617,"end":1437.991},{"text":"and","start":1438.105,"end":1438.252},{"text":"numbers.","start":1438.252,"end":1438.561}]}]}],"speaker":{"name":"Nan Li Collins","affiliation":"UNCTAD","affiliation_full":"UNCTAD","group":null,"function":"Director, Division on Investment and Enterprise"}},{"statement_number":20,"paragraphs":[{"sentences":[{"text":"Yeah, thank you very 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Florence.","start":1532.08,"end":1533.75,"topics":[],"words":[{"text":"Yes,","start":1532.08,"end":1532.212},{"text":"I","start":1532.377,"end":1532.394},{"text":"see","start":1532.443,"end":1532.592},{"text":"somebody","start":1532.592,"end":1532.84},{"text":"in","start":1532.873,"end":1532.939},{"text":"the","start":1532.939,"end":1533.022},{"text":"back,","start":1533.022,"end":1533.27},{"text":"Florence.","start":1533.353,"end":1533.75}]},{"text":"Okay, no, I don't think so.","start":1538.703,"end":1540.423,"topics":[],"words":[{"text":"Okay,","start":1538.703,"end":1539.141},{"text":"no,","start":1539.287,"end":1539.368},{"text":"I","start":1539.628,"end":1539.66},{"text":"don't","start":1539.693,"end":1539.952},{"text":"think","start":1540.017,"end":1540.26},{"text":"so.","start":1540.26,"end":1540.423}]},{"text":"Based on the questions, so anything concluding to add from from your side, 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briefing.","start":1559.096,"end":1561.046,"topics":[],"words":[{"text":"Thank","start":1559.096,"end":1559.402},{"text":"you","start":1559.402,"end":1559.58},{"text":"for","start":1559.58,"end":1559.773},{"text":"the","start":1559.998,"end":1560.176},{"text":"press","start":1560.45,"end":1560.772},{"text":"briefing.","start":1560.772,"end":1561.046}]},{"text":"I'm Chen Jiao from China's Xinhua News Agency.","start":1561.658,"end":1565.025,"topics":[],"words":[{"text":"I'm","start":1561.658,"end":1562.045},{"text":"Chen","start":1562.157,"end":1562.367},{"text":"Jiao","start":1562.463,"end":1562.608},{"text":"from","start":1562.721,"end":1562.947},{"text":"China's","start":1563.527,"end":1563.881},{"text":"Xinhua","start":1563.881,"end":1564.316},{"text":"News","start":1564.316,"end":1564.542},{"text":"Agency.","start":1564.574,"end":1565.025}]},{"text":"My question is, could you elaborate more about the risks brought by this trend where the investment policy is becoming more selective and strategic?","start":1565.541,"end":1578.99,"topics":[{"key":"selective-investment-policy","label":"Selective and Strategic Investment Policy","description":"Governments are becoming more interventionist and selective in how they manage investment, using targeted incentives, procurement, screening mechanisms, and other industrial-policy tools. 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They called for stronger international cooperation on transparency, risk-sharing, investment facilitation, and reform of investment agreements so that the global investment system remains development-oriented."}],"words":[{"text":"I","start":1584.934,"end":1584.95},{"text":"think","start":1584.95,"end":1585.353},{"text":"there","start":1585.417,"end":1585.691},{"text":"are","start":1585.723,"end":1586.223},{"text":"some","start":1586.481,"end":1586.754},{"text":"questions","start":1586.771,"end":1587.157},{"text":"about","start":1587.254,"end":1587.818},{"text":"strategic","start":1588.172,"end":1589.123},{"text":"selective","start":1589.123,"end":1589.657},{"text":"policymaking","start":1589.689,"end":1590.465},{"text":"as","start":1590.578,"end":1590.627},{"text":"well","start":1590.74,"end":1590.853},{"text":"in","start":1591.209,"end":1591.435},{"text":"terms","start":1591.694,"end":1592.017},{"text":"of","start":1592.017,"end":1592.163},{"text":"national","start":1592.518,"end":1592.922},{"text":"security","start":1592.922,"end":1593.472},{"text":"and","start":1593.488,"end":1593.795},{"text":"industrial","start":1593.795,"end":1594.313},{"text":"policies,","start":1594.361,"end":1594.83},{"text":"and","start":1595.331,"end":1595.493},{"text":"I","start":1595.493,"end":1595.541},{"text":"will","start":1595.59,"end":1595.767},{"text":"ask","start":1595.897,"end":1596.155},{"text":"my","start":1596.155,"end":1596.269},{"text":"colleague","start":1596.398,"end":1596.899},{"text":"Massimo","start":1597.125,"end":1597.626},{"text":"to","start":1597.788,"end":1597.901},{"text":"give","start":1598.564,"end":1598.71},{"text":"some","start":1598.71,"end":1599.016},{"text":"answers.","start":1599.084,"end":1599.322}]},{"text":"Thank you.","start":1599.663,"end":1599.97,"topics":[],"words":[{"text":"Thank","start":1599.663,"end":1599.889},{"text":"you.","start":1599.889,"end":1599.97}]}]}],"speaker":{"name":"Nan Li Collins","affiliation":"UNCTAD","affiliation_full":"UNCTAD","group":null,"function":"Director, Division on Investment and Enterprise"}},{"statement_number":24,"paragraphs":[{"sentences":[{"text":"Thank you.","start":1603.884,"end":1604.288,"topics":[],"words":[{"text":"Thank","start":1603.884,"end":1604.256},{"text":"you.","start":1604.256,"end":1604.288}]},{"text":"So yes, this year, as was mentioned by our ASG and the Director, we do see a much more selective approach to policymaking across the world.","start":1604.337,"end":1617.772,"topics":[{"key":"selective-investment-policy","label":"Selective and Strategic Investment Policy","description":"Governments are becoming more interventionist and selective in how they manage investment, using targeted incentives, procurement, screening mechanisms, and other industrial-policy tools. 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At the same time, concerns were raised about keeping such policies transparent, predictable, and compatible with development goals."}],"words":[{"text":"And","start":1618.436,"end":1618.566},{"text":"this","start":1618.679,"end":1619.019},{"text":"means","start":1619.019,"end":1619.391},{"text":"not","start":1619.505,"end":1619.667},{"text":"only","start":1619.731,"end":1620.007},{"text":"in","start":1620.719,"end":1620.768},{"text":"terms","start":1620.881,"end":1621.253},{"text":"of","start":1621.35,"end":1621.658},{"text":"the","start":1621.771,"end":1621.933},{"text":"promotional","start":1621.933,"end":1622.63},{"text":"aspects,","start":1622.727,"end":1623.261},{"text":"so","start":1623.326,"end":1623.698},{"text":"incentives","start":1623.714,"end":1624.41},{"text":"that","start":1624.524,"end":1624.67},{"text":"are","start":1624.67,"end":1624.831},{"text":"becoming","start":1624.831,"end":1625.285},{"text":"more","start":1625.414,"end":1625.657},{"text":"targeted.","start":1625.657,"end":1625.949}]},{"text":"To specific objectives.","start":1626.593,"end":1628.889,"topics":[{"key":"selective-investment-policy","label":"Selective and Strategic Investment Policy","description":"Governments are becoming more interventionist and selective in how they manage investment, using targeted incentives, procurement, screening mechanisms, and other industrial-policy tools. 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They called for stronger international cooperation on transparency, risk-sharing, investment facilitation, and reform of investment agreements so that the global investment system remains development-oriented."},{"key":"selective-investment-policy","label":"Selective and Strategic Investment Policy","description":"Governments are becoming more interventionist and selective in how they manage investment, using targeted incentives, procurement, screening mechanisms, and other industrial-policy tools. 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At the same time, concerns were raised about keeping such policies transparent, predictable, and compatible with development goals."}],"words":[{"text":"We","start":1659.6,"end":1659.6},{"text":"need","start":1659.6,"end":1659.98},{"text":"incentives","start":1659.98,"end":1660.94},{"text":"to","start":1660.94,"end":1661.22},{"text":"be","start":1661.22,"end":1661.58},{"text":"much","start":1661.58,"end":1661.82},{"text":"more","start":1661.82,"end":1662.44},{"text":"performance-based,","start":1662.44,"end":1663.39},{"text":"related","start":1664.4,"end":1664.84},{"text":"to","start":1664.84,"end":1665.08},{"text":"specific","start":1665.08,"end":1665.54},{"text":"development","start":1665.54,"end":1665.9},{"text":"objectives.","start":1665.9,"end":1667}]},{"text":"We see this selectivity, however, also in terms of the policies to— on FDI entry.","start":1667.36,"end":1674.74,"topics":[{"key":"selective-investment-policy","label":"Selective and Strategic Investment Policy","description":"Governments are becoming more interventionist and selective in how they manage investment, using targeted incentives, procurement, screening mechanisms, and other industrial-policy tools. 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of them responded that this concerns them most, and then global economic slowdown, trade policy uncertainty, change of industrial policies and subsidies follow.","start":1747.362,"end":1759.305,"topics":[{"key":"selective-investment-policy","label":"Selective and Strategic Investment Policy","description":"Governments are becoming more interventionist and selective in how they manage investment, using targeted incentives, procurement, screening mechanisms, and other industrial-policy tools. 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all these risks going on, we need to really strengthen the risk intelligence and act more adaptively to the new changing 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Li Collins","affiliation":"UNCTAD","affiliation_full":"UNCTAD","group":null,"function":"Director, Division on Investment and Enterprise"}},{"statement_number":26,"paragraphs":[{"sentences":[{"text":"Thank you.","start":1804.832,"end":1805.09,"topics":[],"words":[{"text":"Thank","start":1804.832,"end":1805.01},{"text":"you.","start":1805.01,"end":1805.09}]},{"text":"Thank you very much for this.","start":1805.187,"end":1806.059,"topics":[],"words":[{"text":"Thank","start":1805.187,"end":1805.413},{"text":"you","start":1805.413,"end":1805.446},{"text":"very","start":1805.478,"end":1805.591},{"text":"much","start":1805.591,"end":1805.785},{"text":"for","start":1805.801,"end":1805.914},{"text":"this.","start":1805.914,"end":1806.059}]},{"text":"Sorry again for the oversight before to Xinhua News Agency.","start":1807.949,"end":1811.108,"topics":[],"words":[{"text":"Sorry","start":1807.949,"end":1808.177},{"text":"again","start":1808.193,"end":1808.437},{"text":"for","start":1808.437,"end":1808.633},{"text":"the","start":1808.633,"end":1808.844},{"text":"oversight","start":1808.844,"end":1809.333},{"text":"before","start":1809.333,"end":1809.675},{"text":"to","start":1809.675,"end":1809.887},{"text":"Xinhua","start":1810.18,"end":1810.571},{"text":"News","start":1810.571,"end":1810.782},{"text":"Agency.","start":1810.88,"end":1811.108}]},{"text":"No more questions from those connected online.","start":1813.544,"end":1816.609,"topics":[],"words":[{"text":"No","start":1813.544,"end":1813.817},{"text":"more","start":1813.849,"end":1813.961},{"text":"questions","start":1814.009,"end":1814.619},{"text":"from","start":1814.972,"end":1815.309},{"text":"those","start":1815.373,"end":1815.582},{"text":"connected","start":1815.678,"end":1816.112},{"text":"online.","start":1816.176,"end":1816.609}]},{"text":"Now, definitely no more in the room.","start":1816.738,"end":1819.915,"topics":[],"words":[{"text":"Now,","start":1816.738,"end":1816.882},{"text":"definitely","start":1816.898,"end":1817.508},{"text":"no","start":1818.102,"end":1818.198},{"text":"more","start":1818.262,"end":1818.439},{"text":"in","start":1819.385,"end":1819.434},{"text":"the","start":1819.53,"end":1819.61},{"text":"room.","start":1819.69,"end":1819.915}]},{"text":"So let me just then thank everybody for their interest, encourage everybody to follow up.","start":1820.605,"end":1826.27,"topics":[],"words":[{"text":"So","start":1820.605,"end":1820.878},{"text":"let","start":1820.99,"end":1821.151},{"text":"me","start":1821.151,"end":1821.295},{"text":"just","start":1821.295,"end":1821.472},{"text":"then","start":1821.472,"end":1821.6},{"text":"thank","start":1822.419,"end":1822.675},{"text":"everybody","start":1822.675,"end":1823.125},{"text":"for","start":1823.157,"end":1823.574},{"text":"their","start":1823.702,"end":1823.863},{"text":"interest,","start":1823.863,"end":1824.232},{"text":"encourage","start":1824.906,"end":1825.259},{"text":"everybody","start":1825.323,"end":1825.628},{"text":"to","start":1825.644,"end":1825.741},{"text":"follow","start":1825.789,"end":1825.949},{"text":"up.","start":1826.029,"end":1826.27}]},{"text":"You can reach our colleagues through the news and press links on UNTAD, and we will channel those 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just to close with the four main points: foreign direct investment is recovering, but its development impact is not 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international cooperation is essential to keep investment predictable, transparent, and development-oriented.","start":1864.522,"end":1871.833,"topics":[],"words":[{"text":"Creation","start":1864.522,"end":1865.131},{"text":"and","start":1865.628,"end":1865.74},{"text":"international","start":1865.74,"end":1866.157},{"text":"cooperation","start":1866.189,"end":1866.574},{"text":"is","start":1866.606,"end":1866.654},{"text":"essential","start":1866.702,"end":1867.103},{"text":"to","start":1867.151,"end":1867.247},{"text":"keep","start":1867.247,"end":1867.472},{"text":"investment","start":1867.472,"end":1867.889},{"text":"predictable,","start":1867.889,"end":1868.45},{"text":"transparent,","start":1869.011,"end":1869.733},{"text":"and","start":1869.893,"end":1869.957},{"text":"development-oriented.","start":1870.053,"end":1871.833}]},{"text":"Very interesting findings that, Nan, that you mentioned just wrapping up your 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The debate focused on whether rising FDI volumes are translating into broad-based development benefits."},{"key":"strategic-sectors","label":"Investment in Strategic Sectors","description":"A major theme was the surge of investment into AI infrastructure, semiconductors, critical minerals, and energy transition technologies. These sectors are increasingly shaping global competition, future growth, and the geography of new greenfield projects."},{"key":"regional-integration","label":"Regional Integration and Market Scale","description":"Regional integration was presented as a way for countries to build scale, improve predictability, and attract larger investment projects. ASEAN was cited as an example where integration can support investment growth and strengthen the position of individual economies such as the Philippines."},{"key":"developing-country-entry","label":"Developing Countries' Entry Points","description":"Several speakers stressed that developing countries should identify realistic niches rather than try to compete across every strategic industry or match major-power subsidies. Possible entry points include mineral processing, logistics, digital infrastructure, supplier networks, and other capabilities-linked activities."},{"key":"manufacturing-transition","label":"Changing Manufacturing Pathways","description":"The traditional model in which manufacturing-led FDI drives development was described as weakening, especially outside strategic sectors. Speakers noted declines in greenfield investment in many manufacturing and infrastructure segments, raising questions about how countries should adapt their investment strategies."},{"key":"investment-climate-reforms","label":"Investment Climate and Facilitation Reforms","description":"A recurring topic was the need for better infrastructure, reliable energy, digital connectivity, workforce skills, transparent regulation, and stronger investment facilitation. These reforms were framed as more important for attracting quality investment than headline classifications alone."},{"key":"selective-investment-policy","label":"Selective and Strategic Investment Policy","description":"Governments are becoming more interventionist and selective in how they manage investment, using targeted incentives, procurement, screening mechanisms, and other industrial-policy tools. At the same time, concerns were raised about keeping such policies transparent, predictable, and compatible with development goals."},{"key":"international-investment-cooperation","label":"International Cooperation and Investment Rules","description":"Speakers emphasized that national action alone is not enough in a more competitive and fragmented global economy. They called for stronger international cooperation on transparency, risk-sharing, investment facilitation, and reform of investment agreements so that the global investment system remains development-oriented."}]}}