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Definition: Joint venture
Category: Foreign direct investment
Contractual agreement between two or more parties for the purpose of executing a business undertaking in which the parties agree to share in the profits and losses of the enterprise as well as the capital formation and contribution of operating inputs or costs. http://ec.europa.eu/eurostat/ramon/statmanuals/files/Foreign_direct_invest_EN.pdf
Source:
Organisation for Economic Co-operation and Development (OECD), "OECD Benchmark Definition of Foreign Direct Investment, Fourth Edition 2008", Paris, 2008
Organisation for Economic Co-operation and Development (OECD), "OECD Benchmark Definition of Foreign Direct Investment, Fourth Edition 2008", Paris, 2008
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