Resumen
This article looks into broader context of FDI policy in the European Union. It examines key aspects defining the available space for conducting the policy towards incoming and outflowing investments. From investigating general economic and political settings some conclusions as to the scope of FDI policy can be drawn. Changing international environment including the rise of Chinese OFDI, negotiated Transatlantic Trade and Investment Partnership (TTIP) and internal EU developments mainly Lisbon Treaty provisions as to the common investment policy, shape the FDI policy space available for the EU members.