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

In terms of investment promotion strategies, investment promotion agencies (IPAs) are mainly focused on investors based in developed countries.

(b) Private Investment Promotion Office (OPIP)

Service Module 2 Investment and technology promotion

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

Examples of the latter could include provisions aimed at enterprise development, OFDI promotion programmes and outbound investment missions in conjunction with investment promotion authorities.

The principal outputs of the investment promotion component comprise

In particular, many LDCs had recently established investment promotion agencies and were entering into bilateral, regional and interregional agreements for the protection and promotion of investment.

It was also reported that UNCTAD had carried out an assessment of the investment promotion capacity of the national investment promotion agency (Agence Nationale de Développement de l'Investissement).

Programme Component D.4 Promotion of Domestic Investment, FDI and Alliances

In addition, efforts need to be directed towards entrepreneurship and investment promotion.

Mr. Yu Hua, Deputy Director General, China Investment Promotion Agency, Beijing, China

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.

Italy had always attached great importance to UNIDO investment promotion and technology transfer.

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

Progress has also been recorded in the plan of action on investment promotion activities

It also contributed to the Investment and Technology Promotion Office in Seoul to enable it to promote direct foreign investment and technology diffusion.

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.

This could be achieved through UNCTAD's existing intergovernmental forum and by preparing short investment policy briefs aimed at policy makers and investment promotion agencies.

With regard to investment promotion, Egypt has adopted UNCTAD's recommendation that GAFI be transformed from a control authority into an investment promoter and facilitator.

It recommends that the secretariat further strengthen its programme on Good Governance in Investment Promotion (GGIP) and extend its assistance to more interested developing countries, in particular LDCs, in implementing measures to improve good governance in investment promotion.

The UNIDO Investment and Technology Promotion Office in Istanbul, Turkey, had been opened in February 2005.

A network of independent investment promotion units had been created in Mediterranean countries with Italian support.

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 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.

(c) Mobilization of domestic and foreign direct investment in Africa through investment and technology promotion activities and cooperation with other United Nations agencies and financial institutions

These instruments include tax exemption on income remitted into the country by Malaysian companies investing overseas, the provision of investment guarantees and investment promotion missions abroad.

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

Multilateral agencies could provide the technical and financial assistance required for setting up domestic investment promotion agencies.

Topics such as trade capacity building, innovation, technology upgrading, investment promotion and SME development would be covered.

This agency acts as a one stop shop and as the focal point for investment promotion activities.

Yet, except for Costa Rica s foreign investment promotion agency, CINDE, modeled after the IDA Ireland, none of Latin America s FDI promotion agencies have succeeded in adopting best practices.

Ongoing activities include the development of standards and recommendations in sustainable transport, promotion of energy efficient technology and energy efficient investment projects and promotion of sustainable forest management.

Investment promotion agencies for inward FDI and OFDI, both in developing and developed countries, could coordinate their efforts.

Report of the Expert Meeting on Good Governance in Investment Promotion (TD B COM.2 EM.15 3)

(c) Development policies through private sector support, diffusion of environmentally sound technologies, investment promotion and enhanced access to markets

For example, investment promotion agencies in Denmark, Sweden and the United Kingdom have already established a presence in China.

Experts underscored the significance of information technology for improving governance in investment promotion and the need to provide support to developing countries through programmes such as the UNCTAD Investment Gateway.

The representative of the World Association of Investment Promotion Agencies (WAIPA) expressed its appreciation for the format of simultaneous meetings of the Commission and the annual WAIPA conferences, and said that the interaction between policy makers and investment promotion practitioners created useful synergies for both events.

The former include the decentralization of FDI promotion, the development of training programmes for staff involved in investment promotion, and initiatives to educate civil society about FDI and its development impact.

The joint high level session of the World Association of Investment Promotion Agencies (WAIPA) with UNCTAD's Commission on Investment, Technology and Related Financial Issues focused on attracting FDI in service clusters.

UNIDO had also helped to conduct sectoral studies for the Master Plan for Industrialization and Investment Promotion in Sri Lanka.

The implementation of the MTPF for 2004 2007 in the field of investment promotion has proceeded along three parallel routes

UNCTAD has been working closely with NEPAD Secretariat, particularly with respect to investment promotion, peer reviews and science and technology.