FDI into EU declines sharply in 2012

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Foreign Direct Investment (FDI) into the European Union (EU) dropped sharply in 2012, latest figures from the EU's statistics office have showed.

According to the Eurostat, investment from the rest of the world into the EU was 159 billion euros (211 billion U.S. dollars) in 2012, down nearly 30 percent from the last period of 2011, marking foreign investors' weak confidence toward the bloc's economy.

The largest investor was by far the United States, contributing 99 billion euros, over 60 percent of the total volume, followed by Canada and Japan, which invested 19 billion and 8 billion euros respectively

In 2012, FDI from the EU to the rest of the world reached 171 billion euros.

The main targeting sector of the EU investments was offshore financial centers, getting 18 billion euros. Canada and India both gained 16 billion euros, the United States and China attracted 15 billion and 20 billion euros respectively. (1 euro = 1.33 U.S. dollars) Endi

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