Research and development FDI

Research and development (R&D) foreign direct investment (FDI) refers to when a company from one country invests in research and innovation activities in another country. This means the company sets up facilities or partnerships in the foreign country to develop new products, technologies, or services. R&D FDI can lead to job creation, knowledge exchange, and economic growth in the host country, while also helping the investing company access new markets and ideas. Essentially, it's about businesses innovating and collaborating across borders to drive advancements and improve competitiveness.