World Investment Forum 2014
The 4th UNCTAD World Investment Forum ran from 13-16 October in Geneva: it was the biggest forum yet, and confirmed the need for a global platform of this kind. The Forum attracted over 3000 participants from 150 countries, and heard from 300 speakers in 50 events. These included high-level decision-makers from government, business, academia and civil society.
ICC-UNCTAD Investment Advisory Council
The Investment Advisory Council (IAC) is a practical platform for exchange and strategy formulation for attracting foreign direct investment (FDI) to least developed countries (LDCs). IAC was established at the Third United Nations Conference on LDCs in May 2001 on the joint initiative of the United Nations Conference on Trade and Development (UNCTAD) and ICC.
IAC provides an informal and flexible framework within which senior business executives and private sector organizations can interact with senior government officials responsible for investment matters on questions related to attracting foreign direct investment and benefiting from it. IAC is a practical mechanism for bringing new ideas and perspectives to bear on the problem of attracting foreign investment into least-developed countries.
Heads of State and government leaders and CEOs of global companies, as well as heads of international organizations discuss pro-poor investment strategies that can foster sustainable economic growth, development and poverty reduction. IAC also provides the opportunity to discuss new initiatives and investment opportunities that positively impact the underprivileged in the most vulnerable economies and consider concrete investment proposals.Through IAC, ICC is committed to seeking ways of increasing the inflows of sustainable FDI to the least developed countries.
World Investment Forum 2012
ICC promoted the role of business in global sustainable growth and economic recovery when it took part in the World Investment Forum (WIF), which from ran 20-23 April in Doha. ICC also issued its Guidelines for International Investment at the WIF in order to adapt to new challenges of the international investment environment and to further promote investment as a driver of economic growth.
Former ICC Secretary General Jean-Guy Carrier took part in several high-level panels. He also gave opening remarks for the conference alongside Qatar Deputy Prime Minister Ahmad bin Abdullah bin Zaid al-Mahmoud and United Nations Conference on Trade and Development (UNCTAD) Secretary General Supachai Panitchpakdi, who challenged restrictive policies on foreign direct investment. Over 1,400 investment stakeholders from 145 countries participated in WIF 2012.
A special luncheon event was held with the President of Tunisia and WIF 2012 dignitaries, including former ICC Secretary General Jean Guy Carrier and ICC members. The President announced significant efforts to facilitate foreign direct investment in the context of the opening up of the North African regional market of 100 million people and specifically to promote investment into the tourism sector by, for example, lifting visa requirements for Gulf Cooperation Council countries.
ICC-UNCTAD Investment Guides
ICC-UNCTAD investment guides are directed at potential investors in least developed countries. They pull no punches, providing advice on such topics as tax regimes, repatriation of profits, property laws, labour legislation, educational standards and infrastructure. They also include systematic comparisons with the investment-friendliness of countries in similar circumstances.
ICC and UNCTAD believe that sustainable foreign direct investment (FDI) is all the more important for least developed countries because such investments contribute to the overall economic development, environmental sustainability, social development and good governance as regards the distribution of benefits associated with them. FDI can bring capital, technology, management know-how, jobs and access to new markets. It tends to be more stable than other forms of capital flows because it involves a longer-term commitment to the host economy.
All Investment Guides have been compiled with the help of experts from leading multinational companies, ICC and UNCTAD.