Unctad Favours Balance Of Interests In Trade Pacts

In its world investment report, the Unctad has said that there is a new trend internationally involving trade and investment. Whereas historically, manufacturing firms have traded with foreign enterprises and buyers before directly investing, now the trade-investment relationship has become more complex. And the new relationship is opening new opportunities, the report said.

According to the report, the total FDI flows into developed and developing countries surged by 40 per cent in 1995 to reach $315 billion. Of this, $100 billion volume accrued to developing countries