Asia Pacific: When reciprocity isn’t the answer

Author: | Published: 30 Oct 2013

Given it is the world's biggest economy, the US is in an unusual position. It is working to attract foreign investor interest. While states have long competed for foreign direct investment (FDI), the US government is becoming more involved after the October shutdown and its near-default shook investor confidence.

But if the US is serious about attracting FDI, it should revamp its process for reviewing foreign investments. The Committee on Foreign Investment in the United States (Cfius) has been criticised both at home and abroad for its lack of...