WAIPA CEO Bostjan Skalar and Deputy CEO Ismail Ersahin participated in the 63rd Session of the UNCTAD Trade and Development Board, held on December 6 in the Palais des Nations in Geneva.
During this meeting, James Zhan, Director of UNCTAD Division on Investment and Enterprise and Chief Strategic Advisor for WAIPA, presented the Global Action Menu for Investment Facilitation.
Bostjan Skalar participated in the panel discussion “Global Action Menu for Investment Facilitation – Stakeholders’ perspective”
He clarified that the investment facilitation issue brings together high-level policy makers, intergovernmental organizations, private sector, ministers, Investment Promotion Agencies (IPAs), and treaty negotiators, at a single agenda of global consensus development. Skalar: “Despite being two different activities, investment promotion and investment facilitation work hand in hand. Investment promotion is limited to promoting a certain location as an investment destination being majorly country specific, whereas, investment facilitation is all about helping the investors establish or expand their investments in the host countries. We at WAIPA are involved to maximize the cooperative potential of all stakeholders in the overall investment process.”
According to the WAIPA CEO, the policy process at the international level is hindered by the absence of any concrete facilitation action. He emphasized that there is a need to promote unilateral options that have the potential to guide international collaboration and can be further integrated in to IIAs. Confronted with the SDG 2030 Goals and lagging investment, Skalar stated that “Collaboration for investment is the only way forward. Our investment facilitation incentives should focus on mobilizing support for the sustainable development goals. Channeling investment towards enhancing production capacities and developing critical infrastructure to countries and regions that need our most support should be an integral part of the overall investment policy framework.”