Investment Policy Review of Colombia.

SUMMARY OF DELIBERATIONS OF THE INVESTMENT POLICY REVIEWS OF ALGERIA, BENIN AND SRI LANKA

The representative of the UNCTAD secretariat took note of the request for follow up.

Follow up to the IPR of Ghana

The Government was already working on some of the problems pointed to by the meeting.

Follow up to the IPR of Algeria

Follow up to the IPR of Ethiopia

Follow up to the IPR of Peru

Follow up to the IPR of Sri Lanka

Investment policy reviews Exchange of national experiences

Issues related to investment arrangements Investment policy reviews Exchange of national experiences Reports of the subsidiary bodies of the Commission Implementation of agreed conclusions and recommendations of the Commission Provisional agenda for the eleventh session of the Commission Other business Adoption of the report of the Commission to the Trade and Development Board

The UNCTAD secretariat introduced the central features of the IPR, starting with the recent trends in foreign direct investment.

Investment policy reviews Exchange of national experiences . .

The Government of Egypt had invited UNCTAD to assess the extent to which it had implemented the recommendations of the IPR.

Implementing the IPR recommendations could improve Benin's capacity to attract FDI and benefit from FDI by reforming the regulatory and institutional investment framework.

In January 2005, it opened a one stop shop to facilitate establishment procedures, as recommended in the IPR.

The Investment Policy Review of Algeria was presented on 24 January 2004.

The measures suggested by the IPR have been incorporated into the five year strategic plan of the Ghana Investment Promotion Centre (GIPC), and many of them have already been implemented.

The Investment Policy Review (IPR) of Sri Lanka was presented on 6 October 2004.

The first Implementation Review of the Investment Policy Review of Egypt, published in 1999, was conducted.

The Investment Policy Review of Benin was presented on 2 November 2004 at the Expert Meeting on Good Governance in Investment Promotion.

As an organ of the EU, the EIB should be pursuing an ethical investment policy.

While the political and macroeconomic stability in Benin were important factors in attracting FDI, the IPR nevertheless highlighted certain weaknesses relating to the investment framework.

Key instruments mentioned by experts related to science, innovation and technology policies, as well as FDI policy.

In addition, a number of supply side and demand side measures have been undertaken in accordance with the IPR's recommendations.

The Agreement on Trade Related Investment Measures (TRIMs) are rules that apply to the domestic regulations a country applies to foreign investors, often as part of an industrial policy.

By contrast, new renewable technologies are gaining traction, illustrating a fundamental shift in international energy policy and investment strategies.

A positive result with respect to the IPR methodology was reflected in the time needed to prepare an IPR, which had been reduced from more than two years for the first reports to an average of six to eight months.

Many speakers underlined that it was important to implement the follow up recommendations of the IPR, and the Sri Lankan Government's commitments to do so was appreciated.

But the most notable development of recent years has been the surge in China s outward FDI since the government adopted its go global policy in 2000, encouraging Chinese firms to invest overseas. China s outward FDI more than doubled in 2005 2007, from 12 billion to 27 billion, and then more than doubled again in 2008, to 56 billion.

It was noted that the Government of Sri Lanka was currently working in collaboration with UNCTAD on follow up activities, deriving from the IPR recommendations, which focused on business taxation, labour regulations, reform of the Board of Investment and review of the FDI negative list.

That is why it is high time for Europeans to abandon their provincialism, launch a common foreign policy worthy of the name, and finally start to invest properly in their future security.

In conclusion, delegations expressed their confidence in the political leadership and economic situation in Benin and in its capacity to be competitive and improve the investment climate.

This action would include a more resolute approach to monitoring the follow up implementation process, building on the scorecard system developed for the implementation report on the IPR of Egypt.

In view of the importance that Brazil attached to the activities carried out under the Investment Policy Review Programme, and the interest shown in the Investment Policy Review of Brazil, he requested that its presentation be postponed until the second half of 2005.

In view of the importance that Brazil attached to the activities carried out under the Investment Policy Review programme, and the interest shown in the Investment Policy Review of Brazil, he requested that its presentation be postponed until the second half of 2005.

He called on the private sector to work with the Government in order to implement UNCTAD's recommendations and called on donor countries to consult with UNCTAD and UNDP to ensure effective implementation of the IPR action plan.

A number of developing country governments have introduced OFDI policy, and some have made statements specifically encouraging their enterprises to internationalize through OFDI.

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