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

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

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

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.

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.

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

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.

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

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

(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

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.

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.

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

(b) Private Investment Promotion Office (OPIP)

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.

Service Module 2 Investment and technology promotion

Under this item, the Commission will hold a joint session with the World Association of Investment Promotion Agencies (WAIPA), which is holding its tenth annual conference the World Investment Conference 2005 in parallel with the Commission.

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

Experts had agreed that Governments should be encouraged to strengthen the mandate of investment promotion agencies in the field of policy advocacy and that UNCTAD should further develop its programme for building the capacities of such agencies to perform that function.

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

It could also function as a reference point for donors, promotion agencies and other international agencies in their dialogue with Governments.

How could reputable ratings agencies and investment banks misjudge things so badly?

The same representatives have also recommended capacity building to enhance the use of technology and the Internet to disseminate information and to facilitate online dialogue between businesses, investment promotion agencies and other relevant government officials.

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 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.

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.

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.

Examples include projects concerning commodity trade, competition law and policies, biotrade, assessment of trade in services, commercial diplomacy, FDI statistics, support for investment promotion agencies, international investment agreements, support for trade facilitation policy makers and negotiators, corporate transparency, insurance markets, e commerce and e tourism, assistance on science and technology policies, and EMPRETEC.

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.

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.

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.

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.