The Europe agreements between certain European countries and the EU are not likely to take away much foreign investment from developing countries. Most foreign investments in developing countries are specific to their location, like in natural resources or local markets. Only industries that can easily move around, like labor-intensive or polluting ones, might face competition from the European countries. But these industries make up a small part of total foreign investment. Also, as the European countries improve their standards, their production costs will go up, making them less attractive for investment.