By Sami Zaptia.
Tripoli, . . .[restrict]17 May 2014:
Libya’s investment promotion agency, the Privatization and Investment Board – PIB (www.investinlibya.net) participated in the World Association of Investment Promotion Agencies (WAIPA) conference held in Istanbul between 13-15 May.
Essam Al Zahaf , Director of International Technical Cooperation at the PIB reported from the meeting that “A meeting between the national investment promotion agencies of Libya (PIB), Egypt, Jordan, Tunisia, Algeria, Palestine, Lebanon, Iraq and Morocco with the Arab Investment Guarantee Organization took place to discuss bilateral and regional investment promotion.
Organizers of the WAIPA said that a forward-looking strategy, the WAIPA 2015 Strategic Document was presented to participants in Istanbul, taking stock of recent developments in the international arena and within our WAIPA.
The opportunity will be taken at the conference to explore and develop some of the thinking that inspired the strategy document. “Moving forward”, this strategic direction will guide WAIPA’s actions. The following topics were discussed:
· Concerted Action in FDI Strategy and Policy
· Emerging and Established Sources of FDI
· Country Reality and Outside Perception
This conference debated the challenges presented, and opportunities afforded, by global shifts in direct investments and capital flows; enhanced government involvement in FDI and the need for concerted action (harnessing one’s own nation’s support to the cause of the IPA); and, finally, the use and misuse of third-party measurements and opinions and ensuing misperceptions.
The conference also voted unanimously to transfer the permanent HQ from Geneve to Turkey.
For further details, see: www2.waipa.org/cms/Waipa [/restrict]