ROLE OF REGIONAL TRADE AGREEMENTS IN FORMING NATIONAL INVESTMENT STRATEGIES OF COUNTRIES WITH OPEN ECONOMIES

Abstract

Abstract. Regional integration factions (blocks, agreements) have become the major forming
factors for the world economy development for the last decades. Since the processes of regionalization
are not only intensified in the modern world practice, but also acquire new
qualitative characteristics, the role and meaning of the regional component in the global integration
process and its influence on the creation of a unitary global space require further research.
The study of investment strategies of the countries within the framework of regional
trade agreements is particularly topical, since international investment is a key source of economic
growth.
Regional trade agreements are used by countries as a tool for better integration of their
economies, especially on those issues that are not resolved at the multilateral level, including
investment. The unified rules of international investment have not yet been formed within the
framework of the WTO, so the country’s investment regime is declared in RTA. The countries create
an attractive investment climate and promote foreign direct investment in the region.
This topic is very relevant, since the problems of regionalism are an important and, at the
same time, the least explored area of economics. The prospects for foreign direct investment in
regional trade agreements are still an object of debate among professionals who study contemporary
international relations, state leaders, and political figures.
Key words: strategy of development, foreign direct investment, the investment climate, multinational
corporations, regional trade agreements.