Promoting investment and private flows

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

The Investment Promotion Centre had been turned into the Kenya Investment Authority on 3 October 2005 in order to strengthen its role in investment promotion and aftercare.

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)

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

Promoting OFDI Key laws and regulations

To be specific, we need to foster growth, based on increased investment.

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

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.

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.

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.

It was noted that there was a crucial link between international trade policies and policies to foster domestic and foreign investment.

The IPR commended efforts by the Government to amend the Investment Promotion Act so as to remove minimum capital requirements for foreign investors.

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.

The relaxation of exchange controls and the significant liberalization of OFDI policies in the 1990s played an important role in encouraging Indian enterprises to invest abroad.

Developing countries' economies must be strengthened through promotion of private investment, employment generation and integration of their production base in the world economy.

He also stressed the facilitating role of the newly approved Investment Promotion Act and the incentives it provided, including through fast tracking major projects, facilitating the issuance of business licences and providing one stop shop services to investors.

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.

Encouraging and facilitating the development contributions that transnational corporations can make is an essential ingredient of the development and investment interface.

Attention should also be paid to how to foster FDI at the regional level and the need to strengthen human and institutional capacity building efforts at the subnational level to help developing countries attract FDI.

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.

Investment Promotion and Enterprise Development Bulletin for Asia and the Pacific No. 1, ESCAP, United Nations publication, New York.

Investment Promotion and Enterprise Development Bulletin for Asia and the Pacific No. 1, ESCAP, United Nations Publication, New York.

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.

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.

Investment

In the short term, we can stimulate job growth by encouraging entrepreneurship and by investing in infrastructure, because the robots today still aren't very good at fixing bridges.

(Cheering)

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

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