CARIFORUM and UK EPA Study

to develop a green investment strategy, that focuses on defining green investments, and the concept of “greening” as well as setting operational criteria for what is a “green investment”. At the same time , the data from the Services Trade Restrictiveness Index suggests that the UK is one of the least onerous jurisdictions as regards regulation, when compared to its OECD counterparts, thus making it a potentially more open and welcoming investment destination. The main opportunities that could be targeted for investment promotion activities, not only taking account of the UK’s interests but CF’s needs (for example in attracting investment in the service sector to complement agro-food exports and manufacturing), are as follows: 1. Mode 3 outward-oriented investment in the Other Business Services and Financial Services sectors, Telecommunications, Computer and Information services, Transport services and Distribution services sectors. 2. The establishment of UK foreign affiliates for the provision of non-tourism linked services, Transport, Distribution, Maintenance and Repair, Financial services, Construction, and Other Business Services as CARIFORUM countries would likely be attractive investment destinations for the provision of these services through forward linkages as well as for creating backward linkages into the UK’s Value Chains (services and manufacturing). 3. Based on RSTI data for the UK, mode 3 commercial establishment in the Legal services and Broadcasting services sectors are among the more accessible to CARIFORUM Services providers. This is due to the relatively lower regulatory hurdles as compared to the OECD countries. These therefore offer real and tangible opportunities for the region’s effective penetration of the UK services market through Mode 3 commercial establishment, subject of course to professional and other requirements. Though opportunities for CF to invest in the UK services sector exist there are still some hurdles, particularly in areas where the region has a comparative advantage, due to the regulatory requirements and limitations for participating in certain sectors. These relate, for example, to legal form and other market access and national treatment limitations for Mode 3 provision of Banking

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