Geneva, Switzerland- UNCTAD’s High-level IIA Conference 2017 was held on October 9-11, 2017. It shared experiences and identified best practices for phase 2 of IIA reform. The conference was built on a series of earlier UNCTAD IIA-related conferences.
IIA reform has made significant progress, with a large number of countries following UNCTAD’s Road Map for IIA Reform (phase 1 of IIA reform). However, much work still remains to be done to modernize the existing stock of “old-generation” IIAs ( phase 2 of IIA reform). Chapter III of the World Investment Report 2017 sets out and discusses 10 options to reform old-generation treaties that countries can adapt and adopt in line with their specific reform objectives.
In the morning, WAIPA CEO Bostjan Skalar participated in the plenary session “Taking stock and moving forward” where he outlined two recent developments invest promotion and facilitation. He emphasized that governments and policy makers should understand the investors’ concerns via the crucial links, that are the IPAs. He said “ One of the most important role of IPAs is policy advocacy; IPAs can objectively transmit the voice of investors directly from the ground to policy makers to then find a common strategy.”
In the afternoon, Mr. Skalar co-chaired 1st break-out session “Harnessing investment for the SDGs – the IIA dimension”. He underlined that capacity development and empowerment of IPAs is the key, “as only when the IPAs are equipped with the right skills and can work within a sound framework (established by their government in coordination with the international organizations) then there will be more and above all better-quality investments also in light of the SDGs”, he said.