The Environment for International Investment and Japan

- Views on MAI Negotiations -

Interim Report

<< Tentative Translation >>

Committee on International Industrial Cooperation
Keidanren

May 7, 1996

  1. Introduction:
    The Desired Environment for International Investment

  2. General Remarks:
    The Framework of MAI

    1. Background on the Commencement of MAI Negotiations

    2. Elements of the MAI

    3. The State of Play

    4. Pre-consented Items of Interest for the Japanese Economy

      1. The Definition of Investment and Investor
      2. Taxation
      3. Non-OECD Member Countries

    5. Major Items for Discussion

  3. Itemized Discussions:
    Important Items Involving Investment

    1. Key Personnel (Transfer and Hire of Company Staff)

      1. Basic Stance
      2. Problems to Solve
        • [ Visa ]
        • [ Social Insurance Costs ]
        • [ Hiring Obligations of Local Affiliates/Appointment of Local Citizens to the Board of Directors]
      3. Requests for the MAI Negotiations

    2. Performance Requirements

      1. Basic Stance
      2. Problems to Solve
      3. Requests for the MAI Negotiations

    3. Investment Incentives

      1. Basic Stance
      2. Problems to Solve
      3. Requests for the MAI Negotiations

    4. General Exceptions and Country Specific Reservations

      1. Basic Stance
      2. Problems to Solve
      3. Requests for the MAI Negotiations

    5. The Treatment of Regional Economic Agreements (EU, NAFTA)

      1. Basic Stance
      2. Specific Examples
      3. Requests for the MAI Negotiations

    6. Application to State Governments

      1. Basic Opinion
      2. Problems to Solve
      3. Requests for the MAI Negotiations

    7. Tax Systems

      1. Basic Opinion
      2. Problems to Solve
        • [ Transfer Pricing Taxation ]
        • [ Management Guidance Fees, Brand Names Fees, Royalties, etc. ]
      3. Requests for the MAI Negotiations

    8. Dispute Settlement

    9. Transfers, Expropriation and Compensation

    10. Private Practice

  4. Supplementary Discussion:
    Issues Regarding Japan's Investments Climate

    1. The Advancement of Deregulation

    2. Dynamic Policies for Investment in Japan

    3. A Commitment to Formulate International Rules

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