Bloomberg’s Guide to Building Competitive Economies

Competing for Investment: How Governments can Adapt to Attract Foreign Investment in a Fast-Changing Global Economy

In a fast-changing global economy, governments must adapt to attract foreign investment. High-ranking officials are discussing how implementing the right policies can improve competitiveness and direct investments into strategic sectors.

In an interview with Joumanna Bercetche on Bloomberg Television, H.E. Ryad Mezzour, Minister of Industry and Trade for the Kingdom of Morocco, H.E. Alfredo E. Pascual, Secretary of the Department of Trade & Industry for the Republic of the Philippines, and H.E. Mehmet Şimşek, Minister of Treasury & Finance for the Republic of Türkiye shared their insights on how to increase foreign investment.

The officials emphasized the importance of creating a favorable business environment that encourages investment in strategic industries such as technology, renewable energy, and healthcare. They highlighted key policies that have helped attract foreign investors to their respective countries, such as tax incentives, streamlined regulations, and free trade agreements with other nations.

H.E. Ryad Mezzour noted that Morocco’s focus on renewable energy has attracted significant foreign investment in this sector, which is expected to continue in the future. Meanwhile, H.E. Alfredo E

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