A NEW ERA IN FOREIGN DIRECT INVESTMENT
The 23rd annual WAIPA World Investment Conference (#WIC18) is being held in Xiamen, China, from 7-9 September 2018. This annual meeting will bring together Investment Promotion Agencies (IPAs) from all around the world; other government officials, development sector leaders, private sector representatives and academics relevant to FDI policy and strategy.
At last year’s WIC in Dubai (2017), it was emphasized that Foreign direct investments are vital to maintain and strengthen economic growth. FDI boost technological innovation, know-how transfer, contributes to job creation and adds productive capacity to the global economy. In recent years, we witnessed an ever-growing flow of FDI from developed into developing countries. However, also FDI from developing economies to developing ones grows steadily, creating thus beneficial spillovers through FDI all around the world contributing directly to welfare and prosperity.
That is why WAIPA continues to put full effort on empowerment of IPAs and their corporate development with the support of other international bodies and global community and created this year together with its Consultative Committee Members programs and projects to enhance IPAs capacities to enter a new era in FDI, our overarching theme for this conference. It will guide our discussions in the different sessions of#WIC18.
WAIPA #WIC18 Xiamen debate sessions will focus on the following topics:
- Increasing Domestic Value Addition (DVA) through FDI: How to link local enterprises with FDI companies in the country
- Business impacts through technology and partnerships
- The rise of subnational IPAs. What does the future bring?
WAIPA believes in partnerships and cooperation and brings together the three key players to discuss what makes investments more sustainable: global businesses, Investment Promotion Agency (IPA) professionals that can help scale up quality of investment promotion and the leaders of relevant international organizations.
CIFIT, CIPA and WAIPA welcome all IPA officials, members, and partners at WAIPAs flagship event.
7 – 8 September 2018
6:30 PM – 8:30 PM
Location: Intercontinental Xiamen Banquet Hall
Dress code: business attire
Opening of CIFIT
9:00 AM – 11:30 AM
11:30 AM – 1:00 PM
Location: Room 3B
1:00 PM – 4:00 PM
Steering Committee Meeting*
Location: Room 3C
1:00 PM – 4:00 PM
WAIPA General Assembly Meeting**
Location: Room 3B
4:15 PM – 6:00 PM
Opening Call and Chairmanship
Audited financial statements 2017-2018
Annual Report of WAIPA activities 2017-2018
*) Participation in the Steering Committee Meeting is restricted to WAIPA Regional Directors
**) Participation in the Workshop and General Assembly is restricted to WAIPA Members
08:00 AM – 09:00 AM Registration
09:00 AM – 10:30 AM Conference Opening
10:30 AM – 11:00 AM Coffee Break
Topic: “Increasing Domestic Value Addition (DVA) through FDI: How to link local enterprises with FDI companies in the country”
11:00 AM – 12:30 PM First Plenary Session
– Cristian Rodriguez-Chiffelle, Head of Trade and Investment Policy, World Economic Forum
– James Zhan, Senior Director of Investment and Enterprise, United Nations Conference on Trade and Development (UNCTAD)
– Githa Roelans, Head of the Multinational Enterprises and Enterprise Engagement Unit, International Labour Organization (ILO)
– Stefan Kratzsch, Industrial Development Officer, United Nations Industrial Development Organization (UNIDO)
– Kenny McDonald, Secretary/Treasurer of International Economic Development Council (IEDC) Board
12:30 PM – 02:00 PM Luncheon location tbd
Topic “Business impacts through technology and partnerships”
2:00 PM – 3:30 PM Second Plenary Session
– Adrienne Klasa, Development Finance Editor, fDi Magazine and The Banker, fDi Magazine
– Simon Lacey, Vice President, Global Government Affairs, Trade Facilitation and Market Access, HUAWEI
– Ratnakar Adhikari, Executive Director, Executive Secretariat for the Enhance Integrated Framework (EIF)
– Peter Fuhrman, Chairman, China First Capital
03:30 PM – 03:45 PM Coffee Break
Topic “The rise of subnational IPAs. What does the future bring?”
03:45 PM – 05:15 PM Third Plenary Session
– Helen Hai, Founder & CEO, Made in Africa Initiative
– Armando Heilbron, Senior Investment Policy Officer, World Bank Group/IFC
– Chris Knight, Co-Founder and Chief Commercial Officer, WAVTEQ Ltd.
– Niels Maas, Founder & CEO, Forglobal
05:15 PM – 05:30 PM Closing Remarks
By Bostjan Skalar, WAIPA CEO
A new era in FDI
Foreign direct investments are vital to maintain and strengthen economic growth. FDI boost technological innovation, know-how transfer, contributes to job creation and adds productive capacity to the global economy. In recent years, we witnessed an ever-growing flow of FDI from developed into developing countries. However, also FDI from developing economies to developing ones grows steadily, creating thus beneficial spillovers through FDI all around the world contributing directly to welfare and prosperity.
Investment Promotion Agencies have an important role not only to facilitate investments, but they also may
function as idea provider how to improve their investment climates as they are in direct contact with investors. However, in a rapidly evolving field technology becomes increasingly important and IPAs need to be able to adapt quickly. Technological advancements and the 4th industrial revolution offer enormous chances to reach this, IPAs can be, if they have a clear focus and strategy and are flexible to adapt, the ideal partners for investors.
As investments outlive governments the formulation of policies and the creation of a framework and discourse that will accelerate us towards achieving the SDGs through sustainable investments will be essential in the upcoming years. While the global community of policy makers have shown a growing interest in linking international investment schemes to the UN SDGs there is an enormous gap to be filled with investments in order to achieve the SDGs by 2030.
WAIPA believes in cooperation and partnership. With its extensive ties WAIPA, as an active voice for IPAs around the world, aims to bring together government officials, and representatives from the private sector and academia to contribute collectively and continuously towards a common FDI policy and strategy. Closely working together with international organizations enables WAIPA to be able to create even more linkages and be an active voice for investment promotion with a particular focus on sustainable development.