The BRICS countries and new international direct investment rules
The financial crisis led to profound changes in the global economic landscape, where the foreign direct investment (FDI) by enterprises from the Brazil, Russia, India, China and South Africa (BRICS) countries saw a rapid increase. BRICS multinationals refers to the international companies from BRICS economies that engage in FDI activities and those that engage in value-added activities in or more countries and conduct effective control over cross-border operations. Developed countries believe that the ownership and governance structure of state-owned multinationals from the BRICS countries will cause host countries to worry about unfair competition and national security problems that may arise. Striving to establish a reasonable international economic order constitutes the common interest of the BRICS countries. The BRICS countries should pay close attention to the development trend of the "competitive neutrality" rule, in order to get ready for the negotiations on international trade and investment agreements related to the rule.