Support has continued to the World Association of Investment Promotion Agencies (WAIPA), which includes 46 investment promotion agencies from Africa as members.

Foreign direct investment flows can, and should, be encouraged.

The work of the World Association of Investment Promotion Agencies (WAIPA) was important in assisting developing countries in the definition of their investment promotion policies and in the creation of related agencies. Further collaboration between UNCTAD and WAIPA was called for.

Such FDI policies include investment subsidies, tax abatements, and exemptions from domestic regulation and laws.

(iii) Encourage the participation of foreign private investment in infrastructure development

Investment promotion The Advisory Service on Investment and Training (ASIT)

The importance of the creation of the Proinversión agency in 2002 was stressed.

In this context, special attention was paid to the role of IPAs.

Promoting OFDI Key laws and regulations

(ii) Mr. Douglas Cruikshark, USAID Trade Facilitation and Investment Project

In Djibouti, the installation of the Investment Gateway, which is an Internet based interactive platform for investment promotion, is under way.

The basic legal structure for foreign investment in Peru is formed by the 1993 constitution, the Private Investment Growth Law, and the November 1996 Investment Promotion Law.

He also emphasized GRULAC's support for the cooperation between UNCTAD and WAIPA.

More importantly, developing country (home) governments can enhance the ability and capacity of their countries' enterprises, particularly SMEs, to internationalize through OFDI.

In the case of China, OFDI approval procedures have been simplified and the Investment Promotion Agency, established under the Ministry of Commerce, provides support in helping Chinese enterprises to invest abroad.

A total of 233 representatives from 91 IPAs were attending this week's WAIPA conference.

The involvement of the private sector, as well as the collaboration with WAIPA, was noted with appreciation.

Third, the Singapore Government plays a significant role in promoting OFDI.

Work has started to define priorities for establishing institutions needed for private sector development, including an investment promotion agency (a priority).

The private sector should be encouraged to make investments in social sectors and provide civil society organizations with support to carry out programmes.

The Commission welcomes the interaction with the World Association of Investment Promotion Agencies (WAIPA) in support of the efforts of developing countries to attract beneficial FDI and requests that the practice of joint sessions be continued.

Bilateral investment guarantee agreements, double taxation avoidance and free trade area arrangements have also played a role in encouraging OFDI from developing countries.

For example, international organizations like the World Association of Investment Promotion Agencies (WAIPA) could coordinate such cooperation.

The representative of the Multilateral Investment Guarantee Agency (MIGA) outlined its primary activities, which included the provision of guarantees (risk mitigation products) and reducing transaction costs associated with FDI site selection decisions.

They also noted that the creation of a national agency dealing exclusively with FDI should be a priority for national authorities.

Likewise, they must offer sustained support to ongoing national initiatives, thus encouraging further investment and cooperation.

One delegation highlighted the importance of coordination and simplification of administrative procedures regarding customs and taxes, as well as the consolidation of the Centre for Investment Promotion.

Incentives or regulations could encourage or ensure investments in sanitation as part of incremental home improvements.

The Asian Group also stressed its interest in the work on investor State dispute settlement and the activities of WAIPA and UNCTAD in the area of investment promotion.

European Space Agency, Long Term Space Policy Committee, Investing in Space the Challenge for Europe (ESA SP 2000, May 1999).

The work of the World Association of Investment Promotion Agencies (WAIPA) was important in assisting developing countries in the definition of their investment promotion policies and in the creation of related agencies. Further collaboration between UNCTAD and WAIPA was called for.

The effect of fiscal and regulatory pressure on employment is to encourage French firms to invest and hire outside France.

This could encourage investment in a range of higher value added sectors, promote positive spillovers, and minimize adverse effects.

At the same time, the Global Compact and UNEP launched the Principles for Responsible Investment initiative, which is currently mobilizing the chief executive officers of the world's largest pension funds to advance responsible investment globally.

The Review action plan recommended that action be taken to review and update the current investment legislation, to reform land access, to strengthen the local investment promotion agency, to promote good governance and to devise proactive policies dedicated to the promotion of national and regional investment opportunities.

In 1961, the Economic Development Board (EDB) of Singapore was established as a one stop investment promotion agency to assist foreign firms in their operations in Singapore.

UNICEF works through partnerships to promote wider investments in children, the scaling up of critical programmes and the broader fulfilment of children's rights.

IPAs in developing countries could take advantage of this potential by tailoring promotion and targeting strategies to encourage FDI.

Whilst a significant reason, cost saving is not the most important factor in fostering OFDI from Singapore.

25. We resolve to encourage greater direct investment, including foreign investment, in developing countries and countries with economies in transition to support their development activities and to enhance the benefits they can derive from such investments. In this regard

Travel Agency

BERKELEY In a rare act of bipartisanship, the United States Congress recently passed legislation to encourage more inward foreign direct investment.

A Rosales presidency will end Venezuela s isolation by a cabal of radicals and encourage domestic and foreign direct investment in the country.

With regard to economic and social policy, the government must manage the national debt while encouraging investment and employment and strengthening public education and health programs.

Apart from these GLCs under the stewardship of Temasek Holdings in spearheading OFDI from Singapore, three government agencies are also strategically important in promoting OFDI from Singapore