WAIPA Annual Report 2008

Annual Report Waipa_v2.indd 1 07.10.09 19:03:59

Note 

The WAIPA Annual Report 2008 was produced 

by the WAIPA Secretariat. Dan O’Brien and Celia 

Aivalioti provided assistance in the preparation of 

the report. WAIPA would like to thank all those who 

have been involved in the preparation of this report 

for their various contributions. 

For further information on WAIPA, please contact 

the WAIPA Secretariat at the following address: 

WAIPA Secretariat 

International Environment House 2 

9, chemin de Balexert 

1219 Châtelaine - Geneva 

Switzerland 

Carlos Bronzatto 

WAIPA Chief Executive Officer 

E-mail: carlos.bronzatto@waipa.org 

Tel: +41 22 797 26 65 

Fax: +41 22 796 61 55 

Karine Campanelli 

WAIPA Administrator and Executive Officer 

E-mail: karine.campanelli@waipa.org 

Tel.: +41 22 797 26 64 

Fax: +41 22 796 61 55 

Homepage: http://www.waipa.org 

Copyright © WAIPA, 2009 All rights reserved 


Waipa Annual Report 

2008 

3 





Table of contents 

Chapter 

Page 

WAIPA President’s Foreword 5 

Former WAIPA President’s Foreword 7 

Message from International Economic Development Council (IEDC) 9 

Message from Organisation for Economic Co-operation and Development (OECD) 11 

Message from Pro-invest 13 

Message from United Nations Conference on Trade and Development (UNCTAD) 15 

Facts about WAIPA 17 

WAIPA Activities 19 

WAIPA World Investment Conference 2008 21 

WAIPA Regional Investment Conference 2008 23 

WAIPA Training Events 25 

Other Events 26 

WAIPA Steering Committee 27 

WAIPA Consultative Committee 29 

WAIPA Consultative Advisory Group 31 

WAIPA Audit Report 33 

WAIPA Balance Sheet as of December 31, 2007 (US dollars) 35 

WAIPA Statement of Income and Expenses 2007 (US dollars) 37 

WAIPA Directory 39 

WAIPA Statutes 63 

5 



WAIPA President’s Foreword 

Dear WAIPA members and 

colleagues, 

In 2008 we watched the insurgence 

of a new world 

investment scenario. One 

that has been marked by 

the slowdown of developed 

economies and by the 

significant growth of the emerging ones, generating 

new social and economic dynamic poles. The vigorous 

growth in the flow of world direct investments in the 

past years has been replaced by a crisis that rapidly 

moved across assets, markets and economies. Countries 

with solid macroeconomic foundations experienced a 

sudden detraction in the quality of global investments 

due to a greater vulnerability in their currencies. The 

challenge currently posed before us demands concerted 

efforts in order to design new rules and institutions 

that reduce systemic risks, without imposing unnecessary 

burdens and stifling innovation. 

Times of uncertainty may enhance the risks of governments 

forsake pro-investment and pro-business environment 

policies, generating protectionist tensions. 

In this adverse context, it is imperative for IPAs to 

resist the temptation of embracing “quick-fix” solutions 

and target their actions to help implement and 

maintain an overall favorable business and investment 

climate, either by playing a proactive role in 

retaining existing transnational corporations (TNCs) 

activities or stimulating new investments. And above 

all, it is essential that IPAs cooperate with each other, 

launch benchmarks and disseminate best practices, 

combining efforts to prevent young organizations 

from repeating primary mistakes. 

This new WAIPA administration embraced cooperation 

vigorously, understanding it as the key driver to everyprocess 

and action related to investment promotion. 

Not just on the south-south level, but in all possible 



dimensions: adjusting investment needs with investment 

levels; encouraging public-private partnerships; 

engaging into inter-governmental consultations, 

bringing governments to the roundtable to negotiate 

regulatory reforms and make their economies more 

attractive to foreign investors; collaborating and cooperating 

with other IPAs and international organizations 

and concentrating efforts on making of FDI 

flows a secure, win-win process. 

Furthermore, the renewed role played by WAIPA in 

the promotion of benchmarking practices, IPA performance 

assistance and capacity-building initiatives 

should help member IPAs to efficiently respond to investors 

needs of more sophisticated services and ever 

more detailed investment information. 

From the improvement of WAIPA´s visual identity to 

the design of its new vision, in 2008 we made sure 

to address all elements necessary to make the agency 

become a reference player in the field of investment 

promotion as well as the main discussion forum for issues 

related to investment environment & promotion. 

Staff strengthening, strategic planning discussions, 

realignment of partnerships and the improvement of 

institutional communication channels were some of 

the actions initially taken in order to put the Agency 

on equal footing with international organizations 

globally recognized for the excellence of the services 

they provide. 

The Third WAIPA Regional Investment Conference 

held in Rio de Janeiro, Brazil, last December offered 

our audience a differentiated approach to themes 

as arduous as global economic slowdown and melting 

financial landscape. The program combined the 

views of internationally recognized representatives 

from academia - including Nobel prize laureates like 

Edmund Phelps and Joseph Stiglitz -; global leaders 

credited with putting their countries in the investment 

map - Vicente Fox, Mike Moore and Aleksander 

Kwasniewski enriched the debate with their views 

7 




and experiences -; and prominent executives representing 

the private sector. Worth noting that these 

executives were chosen from different industry sectors 

around the world and their contribution to the 

Conference helped understand the dimension of 

credit crunch and poor economic performance from 

the private sector´s perspective. 

Conference speakers were encouraged to go one step 

further: instead of merely dissecting crisis causes and 

effects, they were challenged to work on a positive 

agenda and suggest potential opportunities for investors 

and supporting IPAs. The excellence of such a 

format, along with the networking opportunities the 

event provided, made the Conference a success both 

to WAIPA members and partners. 

I am confident on what WAIPA may realize in the 

present and I have faith in the future. Our team will 

remain dedicated to the promotion of further cooperation 

and understanding among IPAs, contributing 

to long-term financial stability and the revival of 

sustainable global economic growth. The reading of 

WAIPA Annual Report 2008, which I am proud and 

honored to present, will guarantee such reasons for 

optimism. 

Alessandro Teixeira 

President, World Association of Investment 

Promotion Agencies (WAIPA) 

President, Brazilian Trade and Investment 

Promotion Agency (Apex-Brasil) 

8 


Words of the Former President 

For the final time as WAIPA 

president, I have the honour 

of addressing members of 

WAIPA in this publication, 

the 2008 annual report. At 

the current juncture - April 

2008 - as I stand down after 

four years leading this 

Association, there is considerable 

economic uncertainty in the world. 



From the vantage point of early 2008, world-wide 

flows of FDI are holding up quite well, despite the 

credit crunch which has made financing conditions 

tighter since it erupted in August 2007. Whatever 

the short term outlook is, however, I feel confident 

that the long term trend in foreign direct investment, 

which WAIPA members work so hard to promote, will 

continue, and that it will, in turn, continue to bring 

benefits to our member organisations’ countries and 

regions in terms of employment and economic development. 

I am proud to say that during my tenure the strengthening 

of WAIPA continued apace. From the time I took 

office in June 2004, membership increased from 164 

member IPAs to 227 in April 2008. I am equally proud 

of the development of a “Regional Chapter” with the 

setting-up of Regional Investment Conferences and 

the introduction of Regional Directors in the WAIPA 

Steering Committee. This has, I believe, added a new 

dimension to WAIPA, strengthening the organization 

and, more importantly, making it a more valuable resource 

for its members. 

Many of the causes of this uncertainty were insightfully 

discussed during the Association’s successful 

annual conference, held in Accra, Ghana in April 2008 

in parallel with UNCTAD XIII. While members always 

look for the positives and the opportunities in the future, 

there is also no doubt that they are aware of the 

risks and are preparing for possible difficult times. 

These opportunities and challenges were at the forefront 

of members’ minds at the annual conference in 

Accra and the sessions very much reflected this, as 

indeed did the many meetings throughout my terms 

as WAIPA president, held as conferences, workshops, 

study tours and networking events. During all these 

events, members were able to acquaint themselves 

with best practices in capacity-building and investment 

promotion, among others, and I hope you all 

found this helpful in your day to day activities and 

your longer term strategic planning. 

I would like to convey my thanks to all WAIPA members 

as well as to my colleagues in the Steering Committee 

and in the Secretariat for their fruitful and 

committed cooperation over my two terms. It has 

been a pleasure and a privilege to have served in 

this role and to have worked with you all. It is my 

wish, and indeed my certainty, that the strengthening 

of WAIPA will continue under the new president. 

I would like to congratulate Alessandro Teixeira on 

his election as my successor and wish him the very 

best for his term as president. It is my sincere hope 

that Alessandro Teixeira and the members of the new 

Steering Committee will consolidate WAIPA and take 

the Association to new heights. 

April, 2008 

Kai Hammerich 

President, KA Foreign Investment Corporation AB 

9 





Message from International Economic 

Development Council (IEDC) 

Dear WAIPA Members, 

IEDC is proud to serve among the prestigious ranks 

of WAIPA’s Consultative Committee. This past year 

has held many positive examples of the continued 

value of our crossorganizational partnership. We’re 

cooperating in new ways, striving to enhance mutual 

attendance of events to promote knowledge sharing 

and focusing on translating IEDC’s body of expertise 

in economic development best practices to the wider 

WAIPA membership. 

Global economic indicators project a reduced volume 

of foreign direct investment for 2009. This will 

be a huge adjustment following the past few years 

of exponential expansion in FDI flows, and will 

mean that competition for investment projects will 

be tighter than ever. As conditions in our respective 

domestic markets continue to look dire, attracting 

FDI from those countries still in a position 

to invest abroad will be a crucial economic bolster. 

To showcase their regions to this shrinking pool 

of foreign investors, WAIPA members must introduce 

and sustain investment in building capacity 

for local economic development to demonstrate a 

strong delivery system for business support services 

and a reliable return on investment. Through 

IEDC’s role on the Consultative Committee, we are 

striving to share our expertise on local economic 

development and best practices for marketing and 

business attraction at WAIPA events across the 

globe. 

In turn, IEDC’s membership gains exposure to highlevel 

players in the trade and investment fields from a 

growing cadre of competitive emerging economies. 

In an effort to hold back the domestic effects of 

the global downturn, many countries are introducing 

economic stimulus measures, spending hundreds 

of billions of dollars to keep job creation in 

competitive industries on life support. In these attempts 

to jump start our economies in effective and 

sustainable ways, we cannot operate in a vacuum. 

The knowledge sharing opportunities provided by 

WAIPA/IEDC cooperation are a valuable foundation 

for staying informed on the industry sectors, financial 

institutions and public sector programs targeted 

by our respective approaches to domestic economic 

stimulus. These are just a few of the ways that bidirectional 

knowledge-sharing will be beneficial to 

both organizations. 

Several steps were taken this past year towards 

enhancing synergies to build capacity among our 

respective membership bases. In April, IEDC Board 

Member Luke Rich was present as WAIPA marked 

Alessandro Teixeira’s election as president at the 

World Investment Forum in Ghana. Luke was on 

hand to represent IEDC at the WAIPA stakeholders 

meeting and to deliver a presentation on the relationship 

between regional economic development 

capacity and successful international investment 

attraction. 

In turn, Alessandro took the stage at IEDC’s October 

2008 Annual Conference, addressing the largely 

American crowd on Strategies for Going Global. 

Alessandro also met behind the scenes with a select 

group of state, regional and major metro area 

economic development directors to deliver a briefing 

on developing trade and investment ties with 

emerging economies. 

Finally, in December 2008 our President & CEO Jeff 

Finkle attended WAIPA’s Regional Investment Conference 

on new scenarios and challenges in the field 

of FDI. Jeff shared IEDC’s aggregated expertise on 

the importance of sophisticated information gathering 

to identifying appropriate investment attraction 

11 




targets and developing relevant marketing messages 

and strategies. 

The year ahead promises to hold a new set of opportunities 

Message from International Economic 

Development Council (IEDC) for sharing the value of 

our respective organizational areas of expertise and 

networks of contacts. 

Ian Bromley, FM 

Chair, International Economic Development Council 

Chief Executive, Creative Sheffield 

12 




Message from Organisation for Economic 

Co-operation and Development (OECD) 


The global economic crisis has already wiped out trillions 

in global wealth and the prospects for 2009 and 

even into 2010 are grim. This is why governments and 

international organisations like the OECD have put so 

much effort into developing new policy strategies for 

bringing the crisis to an end. I see WAIPA playing a 

vital role in dealing with two strategic issues that the 

OECD has identified as core elements of any strategy 

aimed at ending the crisis and achieving sustainable, 

long-term economic growth. These are, first, the need 

to avoid the spread of investment protectionism and, 

second, the need to improve investment environments 

around the world. 

The OECD supports G20 objectives on international 

investment and the need to keep markets open. Towards 

this end, the OECD hosts the Freedom of Investment 

process, which brings together 47 countries 

representing four fifths of the world economy. 

In March 2009, these countries pledged to resist 

discriminatory policies and new forms of protectionism 

towards investment in the context of the global 

economic crisis and to continue to monitor measures 

and commitments. Most governments have resisted 

temptations to impose barriers, including with respect 

to outward investment, but the need for vigilance 

remains constant. This agreement is an important 

sign of governments’ commitment to keeping 

markets open for investment. 

While the OECD has been working to keep markets 

open for investment, the Investment Promotion 

Agencies can play a complementary role by helping 

governments to improve their policy frameworks for 

investment. This objective has been the basis for cooperation 

between the OECD and WAIPA for many 

years. This function is always important but has become 

even more so under the current conditions. 

During good times, weaknesses in a country’s policy 

framework for investment can often be ignored because 

businesses are better able to absorb extra costs 

when markets are strong and margins fat. However, 

during a crisis, weaknesses in the policy framework can 

make the difference between survival and failure for 

investors. Keeping a focus on fundamental investment 

policy issues will not only help investors survive today, 

but will also lay the groundwork for recovery and more 

attractive investment environments tomorrow. 

In the face of these two strategic investment issues, 

WAIPA has a unique role to play as its members confront 

the biggest economic challenge in our lifetime. 

The OECD and WAIPA have worked closely together 

on investment issues in the past. WAIPA provided essential 

input into the Policy Framework for Investment 

and its User’s toolkit developed at the OECD 

by some 60 governments and now used by dozens 

of countries to improve their investment climates. 

And WAIPA can play a key advocacy role in the fight 

against investment protectionism. 

Given the pivotal role that international investment 

can play as part of the solution to the crisis, our cooperation 

is even more important today. I therefore 

encourage you during this exceptionally difficult time 

to persevere in your efforts and would like to extend 

to you the assurance of the OECD’s continuing full 

support. 

Angel Gurría 

Secretary-General 

OECD 

13 


Message from Pro€invest 

It has been another year of challenges and opportunities 

during which, as member of WAIPA consultative 

committee, we have acknowledged the determination of 

WAIPA in providing networking opportunities for IPAs 

and facilitating exchange of best practices in capacitybuilding. 

We have this year again, actively supported WAIPA activities, 

through our common objective of enhancing 

the promotion of investments in ACP countries (Africa, 

Caribbean and Pacific). We believe that activities aimed 

at promoting investments are one of the key activities 

for private sector development in the ACP countries. To 

this end, PRO€INVEST has supported 64 events during 

the year, as a result of the calls for proposals launched 

in late 2006. 

We also strongly supported WAIPA initiative to create 

a regional association of promotion of the investments. 

IPAWAS (Investment Promotion Agencies of 

the West African States), an association whose creation 

was facilitated by PRO€INVEST, held its first 

Steering Committee in Gambia early in the year. We 

are thus leaving 2008 with a revitalised dynamic and 

we, PRO€INVEST, are well equipped to respond to the 

needs and demands of the ACP private sector. 

Our activities include short term technical assistance 

to focus attention on the Intermediary Organisations 

(IOs) needs and longer-term integrated interventions 

that combine activities directed to the IOs, their 

members and their environment. 

We exclusively focus on providing technical and financial 

support to associations and organisations 

representing the ACP private sector in their mission 

of sustainable investment promotion. This implies 

new approach in our operations: 

(i) Enhancing partnerships which provide lasting 

and sustainable capacity development; 

(ii) Creating with partner intermediary organisations, 

a community to develop their networks; 

(iii) Coordinating our support with those of other 

programmes and donors to ensure that all private 

sector needs are addressed. 

From 2008, PRO€INVEST calls for proposals will be 

structured along these lines. Intermediary and regional 

organisations may benefit from technical assistance to 

apply for large-scale projects. WAIPA is today increasingly 

working with our experts on large 

scale projects and we will welcome all other initiatives 

of this kind. 

We assure our commitment to continue working closely 

with WAIPA and the other members of the Consultative 

Committee to continue promoting partnerships 

between the ACP and EU, as well as other regional 

partnerships which will assure a better cohesion in reinforcing 

institutional capacities of the Intermediary 

Organisations. 

Babs Adenaike 

Programme Manager 

Pro€Invest 




Message from the United Nations Conference 

on Trade and Development (UNCTAD) 


Since its inception in 1995, WAIPA has been an 

important partner in UNCTAD’s work on integrating 

developing countries into the global economy. 

The participation of WAIPA and other stakeholders 

is crucial to our efforts to overcome development 

challenges − and there are indeed great challenges 

ahead. Today, we are in the midst of a global financial 

and economic crisis, with many countries 

already hit by severe recession. 

The economic downturn will also bring challenges 

to investment promotion agencies (IPAs). Following 

record levels of foreign direct investment (FDI) 

in 2007, we now expect a drastic fall in the coming 

years. Declining profits and higher costs of finance 

curtail companies’ ability to invest, while the recession 

in host countries weakens the prospects 

for profitable investment. In addition, governments 

throughout the world are reviewing their budget 

expenditures in the face of falling tax revenues. 

Many IPAs are thus forced to make greater efforts 

to attract and retain FDI with fewer resources at 

their disposal. 

Despite this bleak outlook, UNCTAD and WAIPA 

have reason to celebrate, in the form of their successful 

collaboration over the past year. One event 

that stands out was the first World Investment Forum 

(WIF), held during UNCTAD’s twelfth ministerial 

conference (UNCTAD XII) in Accra, Ghana. The 

Forum brought together over 650 representatives 

from the worlds of business, politics and policymaking. 

Held in parallel to the WAIPA Annual Conference, 

the Forum benefited from the presence of 

the WAIPA constituency and their perspectives on 

FDI and investment promotion. During the WAIPA 

Annual Conference, Mr. Alessandro Teixeira was 

elected new President of WAIPA, and I would like 

to take this opportunity to offer him my warmest 

congratulations and best wishes for the future. 

Given the success of UNCTAD XII and the WIF in 

Ghana, I sincerely hope to have WAIPA as a partner 

at WIF II in 2010 and again at UNCTAD XIII, to be 

held in 2012 in Doha, Qatar. 

During the past year, UNCTAD and WAIPA jointly 

organized a number of training events for investment 

promotion officials. Four workshops were 

held in Accra during UNCTAD XII, and a regional 

workshop on “Effective Investment Facilitation” 

was conducted in Port of Spain, Trinidad and Tobago. 

At the WAIPA Investment Conference in Rio de 

Janeiro, Brazil, UNCTAD and WAIPA co-organized a 

session on “Evaluating the Role of IPAs in the New 

Investment Scenario”. 

UNCTAD also last year launched its new Investment 

Advisory Series of guides and handbooks for 

investment promotion practitioners. Both of the 

numbers published in 2008 were prepared in cooperation 

with WAIPA and its member agencies. 

In late 2008, investment promotion officials from 

17 countries visited Sweden during a study tour 

organized jointly by WAIPA and UNCTAD. The tour, 

hosted by the Invest in Sweden Agency, gave visitors 

an opportunity to learn from Swedish experiences 

with investment promotion. 

The challenges ahead indeed seem greater than 

they have for many years. But they also provide 

a good opportunity to underscore the importance 

of Message from the United Nations Conference 

on Trade and Development (UNCTAD) partnerships 

with stakeholders, and I look forward to attending 

our joint High-level Session at the upcoming 

meeting of the UNCTAD Commission on Invest- 

15 


ment, Enterprise and Development. 

To conclude, I would like to thank WAIPA and its 

members for a year of fruitful collaboration and express 

my hopes for a continuing strong partnership 

in the future. 

Supachai Panitchpakdi 

Secretary-General 

UNCTAD 




Facts about WAIPA 

The World Association of Investment Promotion Agencies 

(WAIPA) was established in 1995 and is registered as a 

non-governmental organization (NGO) in Geneva, Switzerland. 

As for the 31st of December 2008, the Association 

had 233 member agencies from 157 countries. 

WAIPA acts as a forum for investment promotion 

agencies (IPAs) to provide networking opportunities 

and facilitate the exchange of best practices in capacity-building 

and investment promotion. Membership 

is open to all agencies whose prime function is 

to promote any country or territory for investment. 

What are the goals of WAIPA? 

WAIPA aims to improve cooperation amongst IPAs 

on a regional and global basis and facilitate the exchange 

of experiences in attracting FDI. The objectives 

of WAIPA, as reflected in its statutes, are to: 

• Promote and develop understanding and 

cooperation amongst IPAs; 

• Strengthen information gathering systems and 

information exchange amongst IPAs; 

• Share country and regional experiences in 

attracting investment; 

• Help IPAs gain access to technical assistance 

and training through WAIPA sponsored events 

or by way of referrals to relevant international or 

multilateral agencies; 

• Assist IPAs in advising their respective 

governments on the formulation of appropriate 

investment promotion policies and strategies. 

Who are the partners of WAIPA? 

WAIPA’s Consultative Committee comprises the following 

international and multilateral organizations: 

• Foreign Investment Advisory Service (FIAS) of 

the World Bank Group; 

• International Economic Development Council 

(IEDC); 

• Organisation for Economic Cooperation and 

Development (OECD); 

• Programme of the ACP Group and the European 

Commission for the promotion of investment 

(Proinvest); 

• United Nations Conference on Trade and 

Development (UNCTAD); 

• UnitedN ationsI ndustrialD evelopment 

Organization (UNIDO). 

WAIPA’s Consultative Advisory Group comprises the 

following organizations: 

• Buck Consultants International 

• Ernst & Young - ILAS 

• GDP Global Development 

• IBM Business Consulting Services - PLI 

• Investment Consulting Associates - ICA 

• OCO Consulting 

17 




How do WAIPA members benefit? 

Membership in WAIPA involves the payment of an annual 

fee of US$ 2,500. Members benefit from three types 

of se services: Publications, Training and Networking. 

Publications 

WAIPA Members regularly receive the following: 

• A quarterly edition of WAIPA’s Newsletter; 

• A fortnightly WAIPA Electronic Bulletin; 

• A selection of investment-related publications 

made available by WAIPA’s Consultative Committee 

members (ICAS, IEDC, OECD, Proinvest, 

UNCTAD and UNIDO). 

Training 

WAIPA provides a full programme of training workshops 

organized independently or in cooperation with 

other international organizations and private companies. 

Participation in these workshops is free of charge 

for WAIPA members. In 2008, WAIPA’s training programme 

included, among others, workshops on “Promoting 

a better product: Improving your country’s 

investment climate”, “Economic development in a Rubik’s 

cube world: How to turn global trends into local 

prosperity?”, “Raising the standards”, and “FDI Aftercare: 

Go up in the value chain of activities”. Each workshop 

is tailored to the industry sector or geographical 

area of the participating IPAs. 

WAIPA organises as well a Study Tour programme which 

offers a unique opportunity to enable professionals of 

WAIPA members to visit and learn from experienced 

IPAs worldwide. The Study Tours are scheduled for a 

period of up to two weeks and cover the whole range 

of IPA activities through hands-on experience an onthe-job 

training. In 2008, the annual Study Tour took 

place in Sweden under the leadership of Invest in Sweden 

Agency (ISA) from the 28 th of September to the 5 th 

of October. 

Networking 

WAIPA’s Annual Meeting offers networking opportunities 

with corporate executives and representatives 

of international and multilateral organizations active 

in the area of foreign direct investment (FDI) and 

investment promotion. WAIPA organises an annual 

World Investment Conference as well as a Regional 

Investment Conference. These conferences provide 

tremendous networking opportunities and facilitate 

the exchange of best practices in investment promotion 

and capacity building. Last but not least, WAIPA 

jointly represents its members at investment fairs 

and other international forums. 

Where do WAIPA members come from? 

Afghanistan, Albania, Algeria, Angola, Anguilla, Antigua 

and Barbuda, Argentina, Armenia, Aruba, Australia, 

Austria, Azerbaijan, Bahrain, Bangladesh, Barbados, 

Belarus, Belgium, Belize, Benin, Bolivia, Bosnia-Herzegovina, 

Botswana, Brazil, Bulgaria, Cameroon, Canada, 

Cape Verde, Cayman Islands, Chile, China (The 

People Republic of), Colombia, Congo (Democratic 

Republic or the), Costa Rica, Côte d’Ivoire, Croatia, 

Cuba, Curacao (Netherlands Antilles), Cyprus, Czech 

Republic, Denmark, Djibouti, Dominica, Dominican 

Republic, Ecuador, Egypt, El Salvador, Estonia, 

Ethiopia, Fiji, Finland, France, Gabon, Gambia, Georgia, 

Germany, Ghana, Greece, Grenada, Guatemala, 

Guinea, Guyana, Haiti, Honduras, Hungary, Iceland, 

India, Indonesia, Iran (Islamic Republic of), Iraq, Ireland, 

Israel, Italy, Jamaica, Japan, Jordan, Kazakhstan, 

Kenya, Kiribati, Korea (Republic of), Kosovo, Kuwait, 

Kyrgyzstan, Latvia, Lebanon, Lesotho, Libya, Lithuania, 

Macedonia, Madagascar, Malawi, Malaysia, Maldives, 

Mali, Malta, Mauritania, Mauritius, Mexico, Moldova 

(Republic of), Mongolia, Montenegro, Morocco, Namibia, 

Nepal, Netherlands, New Zealand, Nicaragua, 

Niger, Nigeria, Oman, Pakistan, Palestinian National 

Authority, Papua New Guinea, Paraguay, Peru, Poland, 

Portugal, Qatar (State of), Romania, Russian Federation, 

Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint 

Vincent and the Grenadines, Samoa, Saudi Arabia, 

Senegal, Serbia, Seychelles, Sierra Leone, Slovakia, 

Slovenia, Solomon Islands, South Africa, Spain, Sri 

Lanka, Sudan, Swaziland, Sweden, Tajikistan, Tanzania 

(United Republic of), Thailand, Tongo Trinidad 

and Tobago, Tunisia, Turkey, Turks and Caicos Islands, 

Uganda, Ukraine, United Arab Emirates, United Kingdom, 

United States of America, Uruguay, Uzbekistan, 

Vanuatu, Venezuela, Vietnam, Yemen (Republic of), 

Zambia and Zimbabwe. 

18 


WAIPA Activities 





WAIPA World Investment Conference 2008 

New sources of FDI: emerging 

economies on the rise 

World Investment Forum, 18-21 April 2008, Accra, Ghana 

The WAIPA World Investment Conference 2008 which 

took place in Accra, Ghana, on 18-21 April, was part 

of the World Investment Forum (April 19-22), organized 

jointly by the Government of Ghana, UNCTAD 

and WAIPA, on the occasion of the XIIth UNCTAD’s 

quadrennial ministerial conference. The Forum was 

attended by a large number of both Government 

representatives and executives from the corporate 

world. More than 200 participants coming from 76 

countries did attend the event. 

Folded into the Forum, the WAIPA’s annual World Investment 

Conference gave WAIPA members the widest 

range and highest level of speakers from business 

and government. The focus of the event was future 

trends in the investment-led globalization process. 

As a results-oriented event, the issues raised included 

how companies, countries and regions can maximize 

the gains generated by this process. Senior corporate 

executives, political leaders, policy-makers and investors 

from across the world participated in a series of 

events including: the Global Leader’s Investment Debate; 

a ministerial roundtable on improving business 

environments; and interactive sessions on ‘Prospects 

for Global Foreign Direct Investment’, ‘Changing 

Global Production Patterns’ and ‘Africa: an Emerging 

Market for FDI?’. 

The WAIPA WIC 2008 was also an opportunity to take 

part in public and private networking events and a 

series of social occasions. 

WAIPA General Assembly 

The General Assembly of WAIPA did proceed to the 

amendment of the WAIPA Statutes, did discuss of 

the creation of a national chapter and sub-national 

chapter within WAIPA, and did elect a new Steering 

Committee for the period 2008-2010, including our 

President: Mr. Alessandro Teixeira, President of Apex- 

Brasil, and two Vice-Presidents: Mr. Jayant Bhuyan, 

CEO of India Brand Equity Foundation, deceased and 

replaced by Mrs. Aparna Dutt Sharma and Mr. Emmanuel 

D. Ole-Naiko, Executive Director of Tanzania 

Investment Center, as well as twelve other members. 

Mr. Kai Hammerich, former President of WAIPA, is 

ex-officio of the Steering Committee for this two 

year-period. Ten Regional Directors are part of the 

WAIPA Steering Committee, each one of them representing 

one of the ten new WAIPA regions: 

21 




• Mrs. Minja, Director-General of ICMU Cameroon, 

is the WAIPA Regional Director of the African 

region, 

• Mr. Yahya, Head of General Investment Authority 

of the Republic of Yemen is the WAIPA 

Regional Director of the Middle East and North 

African (MENA) region, 

• Mr. Hernández, Strategy Chief Manager of IN- 

TERES Spain is the WAIPA Regional Director of 

the European Union region, 

• Mr. Rétfalvi, CEO of ITD Hungary is the WAIPA 

Regional Director of the Eastern Europe region, 

• Mr. Zakhilwal, President and CEO of AISA 

Afghanistan is the WAIPA Regional Director of 

the Asian region, 

• Ms. Ma, Vice-Minister, Ministry of Commerce 

of China, is the WAIPA Regional Director of the 

East and South East Asian region, 

• Mr. Laverty, Regional Director of New ZealandT 

rade and Enterprise, is the WAIPA Regional 

Director of the Oceania region, 

• Mr. Fernandez, Regional Director of ProMexico, 

is the WAIPA Regional Director of the North 

American region, 

• Mr. Arroyo, Deputy Director of PROESA El Salvador, 

is the WAIPA Regional Director of the 

Central America and the Caribbean region, 

• Ms. Nofal represented by Mr. Sedano, 

manager of PROSPERAR Argentina, is the WAIPA 

Regional Director of the South American region. 

• Mr. Tabane, CEO of Invest North West South Africa, 

and Mr. Jesovnik, Acting Director of the Public 

Agency of the Republic of Slovenia for Entrepreneurship 

and Foreign Investments were chosen 

to hold the feat for the elected new Members of 

the WAIPA Steering Committee as well. 

Gala Dinner and WAIPA awards 

The Gala Dinner, held on 18 April was kindly sponsored 

by GIPC, the Ghanaian Investment Promotion Center. 

During the dinner, the WAIPA Awards, delivered by 

WAIPA in cooperation with UNCTAD, recognizing excellence 

among Investment Promotion Agencies for 

outstanding performance in advocating policies that 

have helped their governments to stimulate foreign 

investment and local development, were given to 3 

agencies: the Board of Investment (BOI) of Mauritius, 

the winner, the Afghanistan Investment Support 

Agency (AISA) and the Investment and Development 

Agency of Latvia (LIAA), the runners-up. 

22 




WAIPA Regional Investment Conference 2008 

Foreign Direct Investment: 

New Scenario and Challenges 

3-5 December 2008, Rio de Janeiro, Brazil 

Brazil provided the location for the third WAIPA Regional 

Investment Conference. More than 150 delegates 

from 30 member-agencies were hosted by 

ApexBrasil, the national investment promotion agency 

in Brazil, at Rio de Janeiro, from the 3rd to the 5th 

of December. 

Over two days in early December a wide range of 

speakers discussed the effects of financial crisis on 

investment flows and the challenges presented by 

this new world economic scenario. Mr. Alessandro 

Teixeira, WAIPA president, set the tone at the opening 

ceremony, on “Transforming the Crisis Scenario 

into a Landscape of Prosperity”. Among the key-note 

speakers - most eagerly quizzed by delegates - were 

heads of state, senior government officials, and chief 

executives from different segments of industry and 

different regions of the world. This afforded the opportunity 

for investment promotion professionals to 

network as well as to learn what drives an investment 

decision from the perspective of the private sector. 

The Opening session and the following ones on “Investment 

Flows in a New World Economic Scenario” 

and “Redefining Capitalism in a New World Economic 

Reality” gathered Nobel Prize winners, such as, Edmund 

S. Phelps and Joseph Stiglitz, as well as Former 

President of Mexico, Vicente Fox, Former President of 

Poland, Aleksander Kwasniewski, and Former Prime 

Minister of New Zealand, Mike Moore. 

Reports on sessions and workgroups are available 

on http://conference.waipa.org. Dinners and a visit 

at Samba City were kindly organized by the hosting 

agency. It was the opportunity for participants 

to meet with the Brazilian culture and traditions. The 

WAIPA Regional Investment Conference was highly 

publicized in the local and international media. 

23 





WAIPA Training Events 

WAIPA Workshops at WAIPA WIC08 

18 April 2008, Accra, Ghana 

On the occasion of its XIII th annual World Investment Conference, 

WAIPA organized four parallel half-day training 

workshops, generously sponsored and led by UNCTAD, FIAS, 

IBM-PLI, Ernst & Young and GDP Global Development. 

The themes of these workshops were “Promoting a 

better product: Improving your country’s investment 

climate”, “Economic development in a Rubik’s cube 

world: How to turn global trends into local prosperity?”, 

“Raising the standards - Lessons learned from 

best practices around the world” and the fourth one 

run in French was “Marchés émergents: Vers une 

source incontournable d’investissement?” 

WAIPA Round Table at the 12th China 

International Fair on Investment & Trade (CIFIT) 

9 September 2008, Xiamen, China 

WAIPA and the Ministry of Commerce of P.R. of China 

(MOFCOM) jointly sponsored a Round Table Conference 

for International Investment Promotion Agencies 

during the 12th China International Fair on Investment 

& Trade (CIFIT). The theme of the Roundtable Conference, 

held on the 9th of September, focused on Public- 

Private Partnerships in Infrastructure Building. 

In order to support WAIPA members to participate 

in CIFIT and to strengthen WAIPA’s influence on the 

international investment promotion activities, MOF- 

COM provided free booths for IPAs, particularly those 

from least developed countries. 

In response to the adjustments of the world’s industrial 

structure and in view of emerging trends, challenges 

and opportunities in international investment cooperation, 

the 12th CIFIT highlighted China’s latest national 

development strategies and promoted bilateral and 

multilateral economic exchanges and partnerships. 

WAIPA Regional Workshop for 

Latin America & the Caribbean 

11-13 November 2008, Port of Spain, Trinidad & Tobago 

This workshop on Effective Investment Facilitation was 

a joint initiative of UNCTAD and WAIPA, in partnership 

with the Ministry of Trade and Industry of Trinidad & 

Tobago (MTI) and FT Business. The training aimed to 

provide participating IPA officials with tools and techniques 

to enhance investment promotion capacities. 

The three day workshop covered recent global and 

regional trends in FDI, investment facilitation practices 

and techniques, policy advocacy and investor 

aftercare, good governance and a series of group exercises 

on how to develop investment proposals, design 

investor surveys and prepare for strategic meetings 

and site visits. 

25 




On the third day of the workshop, a visit was organized 

by MTI in Port-of-Spain to the headquarters of 

British Petroleum, Trinidad and Tobago. Participants 

were given a presentation on BP’s history and operations 

in Trinidad and Tobago and on future plans. 

WAIPA Regional Workshop for the 

Middle East and North Africa 

11-12 November 2008, Manama, Bahrain 

The overall objective of this workshop was to further 

develop and enhance aftercare strategies and to provide 

concepts and inputs for IPAs to serve and assist 

their clients in making competitive investment decisions. 

Participants were provided with conceptual 

frameworks as well as some illustrations of investment 

promotion strategies and case studies that can 

be used to inform the design and management of 

their own aftercare strategies and investor servicing 

strategies. 

At the end of the workshop, participants were able to 

further develop investment promotion strategies for 

attracting FDI and tap into the market of existing investors 

who are increasingly adopting more complex 

globalization strategies. 

More than 25 delegates coming from Bahrain, South 

Africa, Egypt, Cyprus, Nigeria, Saudi Arabia and other 

countries from the region attended this workshop. 

WAIPA Regional Workshop for Eastern Europe 

27-28 November 2008, Ljubljana, Slovenia 

WAIPA organized from 27 to 28 November 2008 in 

Ljubljana, Slovenia, a regional training workshop on 

FDI Aftercare: Go up in the value chain of activities. 

The training, run by Ernst & Young, provided participating 

IPAs officials with tools to deliver meaningful 

aftercare service capacities. Topics covered 

by the programme included investment facilitation 

practices and techniques as well as tools to launch 

action plans. The overall objective of this workshop 

was to further develop aftercare strategies for IPAs. 

WAIPA Study Tour Programme 

September 28th - October 5th 2008, Stockholm, 

Sweden 

WAIPA’s popular study tour programme which aims 

to enable professionals of WAIPA member agencies 

to visit and learn from experienced IPAs worldwide, 

is among the Association’s most popular initiatives. 

In 2008, the Swedish national IPA member, Invest in 

Sweden Agency (ISA), generously agreed to host an 

eight-day study tour, including visits to a regional 

cluster, Kista Science City, Robotdalen and ABB Robotics 

and the Development Laboratory and Production 

Facility. 

Investment promotion professionals from Afghanistan, 

Bulgaria, Colombia, Gambia, Italy, Jamaica, Latvia, 

Maldives, Mexico, New Zealand, Nigeria, Pakistan, 

Sierra Leone, Slovenia, Spain, Tanzania and Uganda 

participated in this event. 

As is traditional, the tour covered the whole range 

of IPA activities allowing its participants to gain 

first-hand experience of ISA’s investment promotion 

methods and policy advocacy. The Tour was an exceptional 

learning experience for all those participating. 

The bearing of costs for some of the participants 

by UNCTAD is gratefully acknowledged. 

Other Events 

OECD Global Forum on International Investment 

VII: “Best practices in promoting investment for 

development” 

27-28 March, Paris, France 

Annual Meeting of the Islamic 

Development Bank 

Investment Promotion Seminar 

3-4 June, Jeddah, Saudi Arabia 

Islamic Development Bank ITAP 

OIC Conference 

22-23 July, Jeddah, Saudi Arabia 

IEDC Annual meeting 

19-22 October, Atlanta, USA 

26 




WAIPA Steering Committee 

Presidency 

Mr. Alessandro Teixeira, ApexBrasil, Brasil 

Vice-presidency 

Mr. Emmanuel D. Ole-Naiko, Tanzania Investment 

Centre, Tanzania 

Vice-presidency 

Mrs. Aparna Dutt Sharma, India Brand Equity 

Foundation , India 

Regional Directorships 

Africa 

Mrs. Marthe-Angeline Minja, Investment Code 

Management Unit , Cameroon 

MENA 

Mr. Mohammed Ahmed Hussein Yahya, General 

Investment Authority, Republic of Yemen 

EU 

Mr. Javier Sanv, Invest in Spain, Spain 

Eastern Europe 

Mr. György Rétfalvi, ITD Hungary, Hungary 

South America 

Dr. Beatriz Nofal, PROSPERAR, Argentina 

Central America and the Caribbean 

Mr. Marco Arroyo, PROESA, El Salvador 

North America 

Mr. Bruno Ferrari Garcia de Alba, Promexico, Mexico 

Asia 

Dr. Hazrat Omar Zakhilwal, Afghan Investment 

Support Agency, Afghanistan 

East and South Asia 

Ms. Xiuhong Ma, Ministry of Commerce, The People 

Republic of China 

Oceania 

Mr. Richard Laverty, New Zealand Trade and 

Enterprise, New Zealand 

Other Steering Committee Members 

Mr. Floyd Leeuw, Acting CEO, Invest 

North West, South Africa 

Mr. Igor Plestenjak, Acting Director, Public Agency 

of the Republic of Slovenia for entrepreneurship and 

Foreign Investments, Republic of Slovenia 

Ex-oficio member 

Mr. Kai Hammerich, President, KA Foreign 

Investment Corporation AB, Sweden 

27 




WAIPA Consultative Committee 

FIAS - Foreign Investment Advisory Service 

Mr. Pierre Guislain - General Manager 

Tel.: (1-202) 473 3800 / Fax: (1-202) 974 4384 

IEDC - International Economic Development Council 

Mr. Ian Bromley - Chair, IEDC 

Tel.: (704) 347 8942 / Fax: (704) 347 8981 

OECD - Organisation for Economic Co-operation and Development 

Mr. Angel Gurria - Secretary-General 

Tel.: (33-1) 4524 8200 / Fax: (33-1) 4430 8500 

PRO€INVEST 

Mr. Babs O. Adenaike - Programme Manager 

Tel.: (32-2) 679 18 50 / Fax: (32-2) 679 18 70 

UNCTAD - United Nations Conference on Trade and Development 

Mr. Supachai Panitchpakdi - Secretary-General 

Tel.: (41-22) 917 5809 / Fax: (41-22) 917 0051 

UNI D O 

UNIDO - United Nations Industrial Development Organization 

Mr. Kandeh Yumkella - Director-General 

Tel.: (43-1) 26026 -0 / Fax: (43-1) 26026 69 

28 


WAIPA Consultative Advisory Group 



WAIPA would like to thank Buck Consultants International, Ernst & Young - International Location Advisory 

Services (E&Y-ILAS), GDP Global Development, IBM Business Consulting Services - Plant Location International 

(IBM-PLI), Investment Consulting Associates - ICA and OCO Consulting for contributing their time and expertise 

to the WAIPA Training Programme. 

Buck Consultants International 

Ernst & Young - ILAS 

GDP Global Development 

IBM Business Consulting Services - PLI 

Investment Consulting Associates (ICA) 

OCO Consulting 

29 


WAIPA Audit Report 

As auditors, we have audited the financial statements of 

the World Association of Investment Promotion Agencies 

(hereinafter “WAIPA”), Geneva as of December 31, 2008. 

During the course of our audit, we have noted that WAIPA 

has incurred a loss in 2008 compared to the surplus it has 

realized during the 3 past years. Such loss is mainly due 

to an increase of the operating expenses of WAIPA (salary, 

travel and office expenses). 

Since the operating expenses exceed the revenues of 

WAIPA, we have performed certain analyses to ensure that 

WAIPA can continue as a going concern. 

covered by operating revenues and not by using reserves. 

We believe that WAIPA can continue as a going concern 

for the year 2009, but then WAIPA will require additional 

sources of income to cover its increasing expenses. 

We therefore kindly ask you to address this issue in your 

next Steering Committee. 

Yours sincerely, 

HORWATH BERNEY AUDIT SA 

Philippe JOERG Frédéric BERNEY 

Partner 

Based on these analyses, the revenues of WAIPA in 2009 

at the new rate of USD 2’500 per member, shall amount to 

approximately USD 330’000 assuming that the number of 

members remains constant compared to 2008. 

The salary expenses based on current payroll will amount 

to USD 360’000 in 2009. As a result, the revenues shall not 

be sufficient to pay the salary expenses of WAIPA in 2009. 

In addition, WAIPA will incur other operating expenses in 

2009 that will not be covered by the revenues. Based on 

2008 financial statements, the other operating expenses 

amounted to approximately USD 112k. 

We draw your attention to the fact that although WAIPA has 

accumulated a significant amount of reserves over the past 

years, the operating expenses of WAIPA should normally be 




WAIPA Balance Sheet as of 

June 30, 2008 

(US dollars) 

ASSETS 

30.06.2009 31.12.2008 

USD 

USD 

Current assets 

Cash at banks 392'367 106'260 

Investments in money market funds 292'538 272'606 

Accounts receivable 45'000 - 

Prepaid expenses 23'466 17'965 

753'371 396'831 

Fixed assets 

Office equipment 940 1'590 

Office furniture 1'167 1'667 

2'107 3'257 

TOTAL ASSETS 755'478 400'088 

LIABILITIES AND RESERVES 

Current liabilities 

Accrued liabilities 27'138 33'436 

Reserves 

27'138 33'436 

Accumulated reserves 728'340 366'652 

728'340 366'652 

TOTAL LIABILITIES AND RESERVES 755'478 400'088 

31 


WAIPA Income Statement for 

six month ended June 30, 2009 

(US dollars) 

REVENUES 

30.06.2009 2008 

USD 

USD 

Subscription fees 187'798 261'879 

Conference fees 675'000 2'448 

Compensation of insurances 21'639 

Financial revenues 20'449 14'965 

Exchange gain 151 4'460 

905'037 283'752 

EXPENSES 

Staff salaries and related costs 205'281 232'070 

Consultancy fees 128'551 32'120 

Staff travel 26'414 22'479 

Bank charges and exchange loss 605 1'448 

Annual meetings - 1'566 

Regional Conference 133'968 - 

Workshops 1'527 4'022 

Website 1'831 2'135 

Steering committee expenses - 2'395 

Other expenses 10'104 8'462 

Rental expenses 13'616 18'190 

Office expenses 15'303 16'915 

Interest expenses - 242 

Exchange loss 5'000 - 

Depreciation 1'150 2'359 

543'349 344'403 

Surplus for the year 361'688 - 60'651 





IPA MAP 

Where do Waipa members 

come from? 

WAIPA MEMBERS 

34 




WAIPA Directory 

Afghanistan 

Afghan Investment Support Agency (AISA) 

2nd House, 2nd Street, Cashmeh Khanji 

Jalabad City, Nangarhar 

Tel.: (93-20)210 34 04 

Fax: (93-20) 210 34 02 

Email: invest@aisa.org.af, info@aisa.org.af 

http://www.aisa.org.af 

Afghanistan 

Afghan Investment Support Agency (AISA) 

Opposite to Ministry of Foreign Affairs 

Kabul 

Tel.: (93-20)210 34 04 

Fax: (93-20) 210 34 02 

http://www.aisa.org.af 

Albania 

Albanian Foreign Investment 

Promotion Agency (ANIH) 

Bvd. Gjergj Fishta 

Tirana 

Tel.: (355-4)252 976 

Fax: (355-4) 222 341 

http://www.albinvest.gov.al 

Algeria 

Agence Nationale de Développement de 

Investissement (ANDI) 

27, rue Merbouche Mohamed, Hussein Dey, B.P. 414 

Alger 

Tel.: (213-21) 36 28 96/98 

Fax: (213-21) 77 32 49/37 30 80 

http://www.andi.dz, http://www.andi.gov.dz 

Angola 

Luanda 

Tel.: (244-2) 33 29 56 

Fax: (244-2) 33 29 56 

http://www.investinangola.com 

Anguilla 

Ministry of Finance 

P.O. Box 60 

The Valley 

Tel.: (1-264) 49 72 547 

Fax: (1-264) 49 73 761 

http://www.gov.ai 

Antigua and Barbuda 

Industrial Development Board (IDB) 

Ministry of Trade, Industry & Commerce 

St. John’s 

Tel.: (1-268) 46 21 033 

Fax: (1-268) 46 21 625 

http://www.antigua-barbuda.com 

Argentina 

Undersecretariat of International Economic Relations 

430 Bartolomé Mitre St. - 3 rd floor 

Buenos Aires 

Tel.: (54 11) 43 42 90 40/0980 

Fax: (54 11) 43 42 41 56 

www.invertir.gov.ar 

www.investinbuenosaires.gov.ar 

2008 45 

ProsperAr, National Investment Promotion Agency 

Av. Julio Argentino Roca 782 

Ciudad Autonoma de Buenos Aires 

Tel.: (54-11) 43 28 9510 

Fax: (54-11) 43 42 54 76 

http://www.prosperar.gov.ar 

National Agency of Private Investment (ANIP) 

Edificio do Ministerio da Industria 

35 




Armenia 

Armenian Development Agency (ADA) 

17 Charentsi Street 

Yerevan 375025 

Tel.: (374-1) 57 01 70 ext. 103 

Fax: (374-1) 54 22 72 

http://www.ada.am 

Aruba 

Department of Economic Affairs, Commerce and 

Industry (DEACI) 

Sun Plaza Mall 

Oranjestad 

Tel.: (297) 582 11 81 

Fax: (297) 583 44 94 

http://www.arubaeconomicaffairs.aw 

Australia 

Australian Trade Commission (Austrade) 

GPO Box 9839 

Canberra ACT 2601 

Tel.: +61 2 6213 6312 

Fax: +61 2 6213 6451 

http://www.austrade.gov.au 

Invest Victoria 

121, Exhibition Street, Lvl 36 

Melbourne 3000 

Tel.: (61-3)96 51 98 83 

Fax: (61-3)96 51 95 31 

http://www.investvictoria.com 

Austria 

Austrian Business Agency (ABA) 

Österreichische Industrieansiedlungs und 

Wirtschaftswerbungsgesellschaft mbH 

Vienna 1010 

Tel.: (43-1) 58 85 80 

Fax: (43-1) 58 68 659 

http://www.aba.gv.at 

Azerbaijan 

Azerbaijan Investments Promotion and Advisory 

Foundation (AIPAF) 

Hasan Abdulaev str. 11 

Baku AZ1011 

Tel.: (99412)4 99 01 47 

Fax: (99412) 499 01 52 

http://www.azerinvest.com 

Bahrain 

Bahrain Economic Development Board 

P.O. Box 11299 

Manama 

Tel.: (973-17) 583 311 

Fax: (973-17)583 322 

http://www.bahrainedb.com 

Bangladesh 

Board of Investment (BOI) 

Prime Minister’s Office 

Dhaka 1000 

Tel.: (880-2) 956 24 26 

Fax: (880-2) 956 23 12 

http:// www.boi.gov.bd 

Barbados 

Barbados Investment and Development Corporation 

(BIDC) 

P.O. Box 1250, Pelican House 

Bridgetown 

Tel.: (246) 427 53 50 

Fax: (246) 426 78 02 

http://www.bidc.com 

Belarus 

Belarusian Foreign Investment Promotion Agency 

(BFIPA) 

K. Marx srt., 31, Room 18, Minsk 220050 

Tel.: (375-17) 206 60 07 

Fax: (375-17)622 30 75 

http://www.export.by 

36 




Belgium 

Flanders Investment & Trade 

Gaucheretstraat 90 

BE-1030 Brussels 

Tel.: (32-2) 22 75 311 

Fax: (32-2) 22 75 310 

http://www.ffio.com 

Walloon Foreign Trade & Investment Agency 

Place Sainctelette, 2 

B-1080 Brussels 

Tel.: (32-2)421.8339 

(32-81)33.28.65 

Fax: (32-2) 421 8342 

http://www.investinwallonia.be 

Belize 

Belize Trade and Investment Development Services 

(BELTRAIDE) 

#14 Orchid Garden Street 

Belize 

Tel.: (501) 822 28 32 

Fax: (501) 822 05 95 

http://www.belizeinvest.org.bz 

Benin 

Centre de Promotion des Investissements 

01 BP 2022 

Cotonou 

Tel.: (229)30 66 14 

Fax: (229) 30 16 60/30 66 14 

http://www.cpi-benin.org 

S.K. Sarl, Agence des Promoteurs d’Investissements 

c/824 Missite 

Cotonou 

Tel.: (229) 32 72 46 

Fax: (229) 31 38 09 

Bolivia 

The Bolivian Agency for the 

Promotion of Exports and 

Investment (CEPROBOL) 

Edificio Mariscal Ballivian 

La Paz 

Tel.: (591-22)33 68 86 

Fax: (591-22) 33 69 96 

http://www.ceprobol.gov.bo 

Bosnia-Herzegovina 

Foreign Investment Promotion Agency of Bosnia- 

Herzegovina (FIPA) 

Branilaca Sarajeva 21/III 

71000 Sarajevo 

Tel.: (387) 33 278 080 

Fax: (387) 33 27 80 81 

http://www.fipa.gov.ba 

Botswana 

Botswana Export Development and Investment 

Authority (BEDIA) 

Plot 28 Matsitama Rd. Main Mall 

Gaborone 

Tel.: (267) 318 19 31 

Fax: (267) 318 19 41 

http://www.bedia.co.bw 

Brazil 

Banco do Nordeste 

Avenida Paranjana, 5700 

CEP 60.740-000 Fortaleza 

Tel.: (55-85) 32 99 38 55 

Fax: (55-85)32 99 37 50 

http://www.bnb.gov.br 

Instituto de Desenvolvimento Industrial de Minas 

Gerais (INDI) 

Rua Rio de Janeiro, 471 - Bairro: Centro - 13º e 14º 

Andares 

Minas Gerais 

Tel.: (55 31) 32 07 2000 

Fax: (55 31) 32 07 2009 

http://www.indi.mg.gov.br 

Agência de Promoção de 

Exportações e Investimentos 

37 




(APEX Brasil) 

SBN - Quadra 2 - Lote 11 - Ed. Apex-Brasil 

70040-020 Brasilia D.F. 

Tel.: (55-61) 3426 0202 

Fax: (55-61) 3426 0263 

http://www.apexbrasil.com.br 

AD Diper Pernambuco Economic 

Development Agency 

Av. cons. Rosa E Silva, 347 Espinheiro 

52020-220 Recife PE 

Tel.: (55-81) 32 17 73 01 

Fax: (55-81) 32 17 73 52 

http://www.addiper.pe.gov.br 

Bulgaria 

Invest Bulgaria Agency (BFIA) 

31 Aksakov Str., 3rd floor 

1000 Sofia 

Tel.: (359-2) 9855505 

Fax: (359-2) 98 01 320 

http://www.investbg.government.bg/ 

Cameroon 

Cellule de Gestion du Code des 

Investissements (CGCI) 

3rd floor EX ONCPB building BONANJO 

Bonanjo, Douala 

Tel.: (237) 343 31 11 

Fax: (237) 343 30 07 

Canada 

Investment in Canada Bureau 

111 Sussex Drive, S3-025 

Ottawa, Ontario K1A OG2 

Tel.: (613) 944 31 25 

Fax: (1-613) 944 31 78 

http://www.investincanada.ca 

Cape Verde 

Cape Verde Investment and Promotion Agency 

Largo Assembleia Nacional, PO Box 89/c 

Praia-Santiago P.O. Box 89-C 

Tel.: (238) 62 26 21 /62 26 89 

Fax: (238) 62 26 57 

http:www.promex.cv, http://www.promex.org 

Cayman Islands 

Cayman Islands Investment Bureau 

Cayman Corporate Centre, 1st 

Floor, 27 Hospital Road 

Georgetown, Grand Cayman 

Tel.: (1-345) 945 09 43 

Fax: (1-345) 945 09 41 

http://www.investcayman.gov.ky 

Chile 

Foreign Investment Committee (FIC) 

Teatinos 120 - Piso 10 

Santiago 

Tel.: (56-2) 69 84 254 

Fax: (56-2) 69 89 476 

http://www.foreigninvestment.cl 

http://www.inversionextranjera.cl 

China, People Republic of 

Investment Promotion Agency (CIPA) 

Ministry of Commerce (MOFCOM) 

82, Dong An Men Street 

100747 Beijing 

Tel.: (86-10) 8522 6554 

Fax: (86-10) 85 22 65 16 

http://www.fdi.gov.cn 

Hong Kong, China 

InvestHK 

Level 15, One Pacific Place 

Hong Kong 

Tel.: (852) 3107 1000 

Fax: (852) 3107 9007 

http://www.investHK.gov.hk 

Macao, China 

Macao Trade and Investment Promotion Institute 

38 




Av. da Amizade 918 

Macao 

Tel.: (853) 710 300 

Fax: (853) 728 108 

http://www.ipim.gov.mo 

Colombia 

PROBARRANQUILLA 

Calle 77 B No 57 

Barranquilla 

Tel.: (575) 356 1435 

Fax: (575) 356 5551 

www.probarranquilla.org 

Proexport Colombia 

Calle 28 No. 13 A - 15, Piso 35 

Bogotá C/marca 

Tel.: (571) 560.0100 

Fax: (571) 341 56 89 

http://www.proexport.com.co 

A.C.I. Agency for Cooperation and Investment of 

Medellin and the Metropolitan Area 

Calle 41 No. 55 – 80 Plaza Mayor . Oficina 303 

Medellín 

Tel.: (574) 3811000 

Fax: (574) 3813148 

www.acimedellin.org 

Congo (Democratic Republic of the) 

Agence Nationale pour la Promotion des 

Investissements (ANAPI) 

P.O.Box 1797 

Kinshasha 1 

Tel.: (243) 992 5026 

Fax: (243-81)880 162 54 

http://www.anapi.org 

Costa Rica 

Costa Rican Investment & Development Board 

(CINDE) 

Centro Corporativo Plaza Roble 

Guachipelin, Escazu 

Tel.: (506) 201 2803 

Fax: (506) 201 2867 

http://www.cinde.or.cr 

Côte d’Ivoire 

Centre de Promotion des Investissements en Côte 

d’Ivoire (CEPICI) 

B.P.V152 

Abidjan 01 

Tel.: (225) 20 21 40 70 

Fax: (225) 202 14 071 

http://www.cepici.go.ci 

Croatia 

Trade and Investment Promotion Agency 

10000 Zagreb 

Tel.: (385-1)486 60 00 

Fax: (385-1) 486 60 08 

www.investcroatia.org 

www.apiu.hr 

Cuba 

Division of Evaluation and Management of 

Investment Projects (DEGPI) 

22 Street, Number 318, between 3rd and 5st Avenue 

10 300 Havana city 

Tel.: (+537) 2022233 (+537) 2023873 

Fax: (+537) 2042105 

http://www.cpi-minvec.cu 

Curacao (Netherlands Antilles) 

Curacao Industrial and International 

Trade Development 

Company (CURINDE) 

Emancipatie Boulevard 7 

Willemstad 

Tel.: (599-9) 737 6000 

Fax: (599-9) 737 13 36 

http://www.curinde.com 

39 




Cyprus 

Cyprus Investment Promotion 

Agency (CIPA) 

Severis Building, 9 Makariou III Avenue 

Lefkosia, 1641 

Tel.: (357) 22-441133 

Fax: (357) 22-441134 

http://www.cipa.org.cy 

Czech Republic 

CzechInvest 

Stepanska 15 

120 00 Prague 2 

Tel.: (42-02) 96 342 628 

Fax: (42-02) 96 342 502 

http://www.czechinvest.org 

Denmark 

Invest in Denmark 

Asiatisk Plads 2 

1448 Copenhagen 

Tel.: (45-33) 92 00 00 

Fax: (45-33) 92 07 17 

http://www.investindk.com 

Djibouti 

Agence nationale pour la promotion des 

investissements (ANPI) 

Ministry of Presidential Affairs 

Djibouti 

Tel.: (253) 31 21 02 

Fax: (253) 35 88 37 

http://www.djiboutinvest.dj/ 

Djibouti Portsand Free Zones Authority (DPFZA) 

Rue de Venise 

Djibouti 

Tel.: (253) 35 90 70 

Fax: (253) 35 90 59 

Dominica 

National Development Corporation 

Valley Road 

Roseau 

Tel.: (1-767) 44 82 045 

Fax: (1-767) 44 85 840 

http://www.dominica.dm 

Dominican Republic 

Center for Export and Investment of the Dominican 

Republic (CEI-RD) 

Plaza de la Bandera 

Santo Domingo 

Tel.: (1-809) 530 55 05 

Fax: (1-809) 530 82 08 

http://www.cei-rd.gov.do 

Ecuador 

Corporación de Promoción de Exportaciones e 

Inversiones (CORPEI) 

Av. Francisco de Orellana y Miguel Alcivar 

Guayaquil 

Tel.: (593-4) 268 15 50 

Fax: (593-4) 268 15 51 

http://www.corpei.org 

Egypt 

General Authority for Investment 

& Free Zones (GAFI) 

Salah Salem Road, Fairgrounds, 

Nasr city-Cairo 11562, Cairo 

Tel.: (202) 405 54 60 

Fax: (202) 40 55 429 

http://www.gafinet.org 

El Salvador 

Comision Nacional de Promocion de Inversiones 

(PROESA) 

edificio d’Cora, primer Nivel, 

Boulevard Orden de Malta 

El Salvador C.A. 

40 




Tel.: (503)22 10 25 00 

Fax: (503) 22 10 25 20 

http://www.proesa.com.sv 

Estonia 

Estonian Investment Agency (EIA) 

Liivalaia 13/15 

10118 Tallinn 

Tel.: (372) 62 79 700 

Fax: (372) 62 79 747 

http://www.eia.ee 

Ethiopia 

Ethiopian Investment Agency (EIA) 

P.O. Box 2313 

Addis Ababa 

Tel.: (251-11) 55 39 474 

Fax: (251-1) 51 43 96 

http://www.investethiopia.org 

Fiji 

Fiji Islands Trade & Investment Board (FITIB) 

Civic Tower - 6th floor, Government Buildings 

Suva 

Tel.: (679) 33 00 295 

Fax: (679) 33 01 783 

http://www.ftib.org.fj - www.investinfiji.com 

Finland 

Invest in Finland 

Kaivokatu 8, 6th floor 

FIN-00100 Helsinki 

Tel.: (358-9) 69 69 125 

Fax: (358-9)69 69 2530 

http://www.investinfinland.fi 

France 

Invest in France 

77, boulevard Saint-Jacques 

France 

Tel.: (33) 1 40 74 73 95 

Fax: (33) 1 40 74 73 26 

http://www.investinfrance.org 

French Polynesia 

Délégation pour la Promotion des Investissements, 

Tahiti Invest 

82, rue du Général de Gaulle 

Tahiti 

Tel.: (689)54 32 54 

Fax: (689)54 32 55 

http://www.tahiti-invest.com 

Gabon 

Agence de Promotion des 

Investissements Privés (APIP) 

Ministère de l’Economie et des Finances 

BP 13740 Libreville 

Tel.: (241) 76 87 65/66 

Fax: (241) 76 87 64 

http://www.apip.ga 

Commmission Nationale de Mise en Place de la Zone 

Franche de l’Île Mandji 

Libreville 

Tel.: (241) 72 69 14 

Fax: (241) 72 69 17 

http://www.cnzf.dgi.gouv.ga 

Gambia 

The Gambia Investment Promotion and Free Zones 

Agency 

48 Kairaba Avenue, Serre Kunda 

Banjul 

Tel.: (220) 437 73 77 624/625 

Fax: (220) 437 73 79 

http://www.gipfza.gm 

Georgia 

Georgian National Investment Agency (Invest in 

Georgia) 

42, Al.Kazbegi Ave 

Tbilisi 0108 

Tel.: (995-32) 39 30 32 

41 




Fax: (995-32) 37 27 54 

http:/www.investingeorgia.org 

Germany 

Germany Trade and Invest 

Friedrichstraße 60 

10117 Berlin 

Tel.: +49 (0)30 200 099-500 

Fax: +49 (0)30 200 099-999 

http://www.gtai.com 

Ghana 

Ghana Investment Promotion Centre (GIPC) 

PSC Building, Accra 

Tel.: (233-21) 665 12 59 

Fax: (233-21) 66 38 01 

http://www.gipc.org.gh 

Greece 

Hellenic Centre for Investment S.A. (ELKE S.A.) 

3 Mitropoleos Street 

Athens 10557 

Tel.: (30-210) 335 57 00 

Fax: (30-210) 324 20 79 

http://www.elke.gr 

Grenada 

Grenada Industrial Development Corporation (GIDC) 

Frequente Industrial Park 

St. George’s 

Tel.: (473) 444 10 35 

Fax: (473)444 48 28 

http://www.grenadaworld.com 

Guatemala 

Guatemalan Development Foundation (FUNDESA) 

10 Calle 3-17 Zona 10 ED. 

Guatemala City 

Tel.: (502) 331 5133 

Fax: (502) 331 1874 

www.investinguatemala.org 

Guinea 

Office de Promotion des 

Investissements Privés (OPIP) 

Ministère Commerce, Industrie et PME 

Conakry 

Tel.: (224) 41 49 85 

Fax: (224) 45 18 30 

http://www.mirinet.com/opip 

Guyana 

Guyana Office for Investment (GO-INVEST) 

190 Camp & Church Streets 

Georgetown 

Tel.: (592) 225 06 53 

Fax: (592) 225 06 55 

http://www.goinvest.gov.gy 

Linden Economic Advancement Programme (LEAP) 

Casuarina Drive, Mackenzie 

Linden 

Tel.: (592) 444 40 59 

Fax: (592) 444 40 59 

http://www.leapguyana.org 

Haiti 

Ministère du Commerce & Industrie 

26, rue Legitime 

Port au Prince 

Tel.: (509) 22 25 674 

Fax: (509) 22 38 402 

Honduras 

Foundation for Investment and 

Development of Exports 

(FIDE) 

Col. El Pedregal 

San Pedro Sula 

Tel.: (504) 566 30 40 

Fax: (504) 566 30 49 

http://www.hondurasinfo.hn 

42 




Hungary 

ITD Hungary Pte. Ltd. 

Andrássy u. 12 

1061 Budapest 

Tel.: (36-1) 472 81 00 

Fax: (36-1) 472 81 80 

http://www.itd.hu 

Iceland 

Invest in Iceland Agency 

BORGARTÚNI 35 

105 Reykjavik 

Tel.: (354) 561 5200 

Fax: (354) 561 5205 

http://www.invest.is 

India 

Investment Promotion and 

International Cooperation 

Cell 

Dept. of Industrial Policy and Promotion, Ministry of 

Commerce and Industry 

New Delhi 110011 

Tel.: (91-11) 2306 3321 Extn: 3270 

Fax: (91-11) 2301 26 26 

http://www.dipp.nic.in 

India Brand Equity Foundation 

Confederation of Indian Industry, 

Plot No 249F, Sector 18 

Gurgaon 122012, Haryana 

Tel.: (91-124)501 40 87 

Fax: (91-124)501 38 73 

http://www.ibef.org 

Indonesia 

Investment Coordinating Board 

Jl. Jend. Gatat Subroto No. 44 

Jakarta 12190 

Tel.: (62-21) 520 2046 

Fax: (62-21) 520 2046 

http://www.bkpm.go.id 

Iraq 

Iraq National Investment Commission 

International Zone 

Baghdad 

Tel.: (964) 7901 970 107 

http://www.investpromo.gov.iq 

Kurdistan Board of Promoting Investment (KBPI) 

Sulymania 

Tel.: (964) 315 55 72 

http://www.kinvest.org 

Iran (Islamic Republic of) 

Organization for Investment, 

Economic and Technical 

Assistance of Iran (OIETAI) 

15 Khordad Sq., Davar Avenue 

Tehran 

Tel.: (98-21) 33 96 

7770/33967043/39902103/39902010 

Fax: (98-21) 33 9677759 

http://www.investiniran.ir 

Ireland 

Industrial Development Agency 

of Ireland (IDA Ireland) 

Wilton Park House 

Dublin 2 

Tel.: (353-1) 60 34 000 

Fax: (353-1) 60 34 040 

http//www.idaireland.com 

Israel 

Investment Promotion Centre (IPC) 

Ministry of Industry ,Trade and Labor 

Jerusalem 91036 

Tel.: (972-2) 666 26 10 

Fax: (972-2) 666 2938 

http://www.investinisrael.gov.il 

43 




Italy 

Italian Institute for Foreign Trade (ICE) 

Via Listz 21 

00144 Rome 

Tel.: (39-06) 59929286 

Fax: (39-06) 59926220 

http://www.italtrade.com 

The National Agency for Inward 

Investment Promotion 

and Enterprise Development 

Via Calabria 46 

Tel.: (39-06) 421601/4210438 

Fax: (39-06) 42160537 

http://www.sviluppoitalia.it 

PROMOS, Special Agency of the Milan Chamber of 

Commerce for international activities 

Via Camperio 1 

20123 Milano 

Tel.: (39-02) 85155221 / 02 85155379 

Fax: (39-02) 85155227 

http://www.investinmilan.com 

Invest in Milan 

Via Camperio 1 

20123 Milan 

Tel.: (39-02) 85155221 

http://www.investinmilan.com 

Jamaica 

Jamaica Promotions Corporation (JAMPRO) 

18, Trafalgar Road 

Kingston 10 

Tel.: (1-876) 978 77 55/33 37 

Fax: (1-876) 946 00 90 

http://www.investjamaica.com 

Japan 

Japan External Trade Organization (JETRO) 

Ark Mori Building 6F 

Minato-Ku, Tokyo 

Tel.: (81-3)35 82 52 34 

Fax: (81-3)35 05 18 54 

http://www.investjapan.org 

Jordan 

Jordan Investment Board (JIB) 

P.O. Box 893 

11821 Amman 

Tel.: (962-6) 560 84 00/15 

Fax: (962-6) 560 84 27 

http://www.jordaninvestment.com 

Aqaba Special Economic Zone Authority 

P.O. Box 2565 

Aquaba 77110 

Tel.: (962-3) 20 91 050 

Fax: (962-3) 20 910 35 

http://www.aqabazone.com 

Kazakhstan 

Kazinvest 

3rd floor, 111, Gogol street 

050004, Almaty 

Tel.: (7-727) 278 01 27/278 07 79 

Fax: (7-727) 250 12 77 

http://www.kazinvest.kz 

Kenya 

Kenya Investment Authority 

National Bank Building, 8th Floor, Harambee Avenue 

Nairobi 

Tel.: (254-20) 22 14 01/4 

Fax: (254-20) 243 862 

http://www.ipckenya.org http:// 

www.investmentkenya.com 

Export Processing Zones Authority (EPZA) 

P.O Box 50563 

00200 Nairobi 

Tel.: (254-45)26421/6 

Fax: (254-45) 26427 

http://www.epzakenya.com 

44 




Kiribati 

Foreign Investment Commission 

Ministry of Commerce, Industry & Cooperatives 

Betio, Tarawa 

Tel.: (686) 26 157/8 

Fax: (686) 26 233 

http://www.sptc.org.nz/countrieskiribati.asp http:// 

www.investinkiribati.com 

Korea (Republic of) 

Korea Trade-Investment Promotion Agency (KOTRA) 

13, Heolleungno, Seocho-gu 

Seoul 137-749 

Tel.: (82-2) 34 60 70 00 

http://www.investkorea.org 

Gyeonggi Provincial Government 

- Investment Promtion 

Division 

63 Docheongapgil, Paldal-gu 

Suwon City, Gyeonggi Province 442-781 

Tel.: (82-31) 249 21 89 

Fax: (82-31) 249 21 89 

http://www.invest.go.kr 

Busan-Jinhae Free Economic Zone Authority 

1709.2 Songjeong-dong, Gangseo-gu 

Busan 618-270 

Tel.: (82-51) 979 53 30 

Fax: (82-51) 979 55 009 

http://www.bjfez.net 

Kuwait 

The Inter Arab Investment Guarantee Corporation 

(IAIGC) 

P.O. Box 23568 

Safat 13096 

Tel.: (965) 48 44 500 

Fax: (965) 48 35 489/48 41 240 

http://www.iaigc.org 

Kuwait Foreign Investment Bureau (KFIB) 

P.O. Box 3690 

Safat 13037 

Tel.: (965) 224 07 34 

Fax: (965) 224 07 02 

http://www.kuwaitfib.com/ 

Kyrgyzstan 

Investment Promotion Center 

Ministry of Economic Development, Industry and 

Trade 

720002 Bshhkek City 

Tel.: (996-312)66 39 10 

Fax: (996-312) 66 10 75 

http://www.kyrgyzinvest.org 

Latvia 

Investment and Development Agency of Latvia (LIAA) 

Perses iela 2 

Riga LV-1442 

Tel.: (371) 7039400 

Fax: (371) 7039401 

http://www.liaa.gov.lv 

Lebanon 

Investment Development Authority 

of Lebanon (IDAL) 

Presidency of the Council of Ministers 

Beirut 

Tel.: (961-1) 98 33 069 

Fax: (961-1) 98 33 02/3 

http://www.idal.com.lb 

Lesotho 

Lesotho Tourism Development Corporation 

Box 1378 

Maseru 100 

Tel.: (266-2)231 2238 

Fax: (266-2)2231 0198 

Lesotho National Development Corporation 

Development House 

Maseru 100 

Tel.: (266-2) 231 2012 

45 




Fax: (266-2) 2231 0038 

http://www.lndc.org.ls 

Libya 

Libyan Foreign Investment Board (LFIB) 

Bab Ben Ghashir road N0(20) 

93524 alfatah tower Tripoli 

Tel.: (218-21) 3618686 

Fax: (218-21) 361 79 18 

http//www.investinlibya.com 

Free Zone Corporation of Great Jamahiriya 

P.O. Box 15278 

Benghazi 

Tel.: (218-61) 22 22 152 

Fax: (218-61) 22 22 175 

Lithuania 

Lithuanian Development Agency (LDA) 

Sv Jono Street 3 

01123 Vilnius 

Tel.: (370-5) 262 74 38 

Fax: (370-5) 212 01 60 

http://www.businesslithuania.com 

Macedonia 

Agency for Foreign Investments (Invest Macedonia) 

Nikola Vapcarov, 7 

1000 Skopje 

Tel.: (389-2) 31 17 564 

Fax: (389-2) 31 22 098 

http//www.investinmacedonia.com 

Madagascar 

Economic Development Board 

of Madagascar (EDBM) 

Nouvel Immeuble Aro Ampefiloha 

Antananarlvo 

Tel.: (261) 20 22 670 40/681 21 

Fax: (261) 20 22 661 05 

http//www.edbm.gov.mg 

Malawi 

Malawi Investment Promotion Agency 

Aquarius House 

Lilongwe 3 

Tel.: (2651) 77 08 00 

Fax: (2651) 77 17 81 

http://www.mipa.malawi.net 

Malaysia 

Malaysian Industrial Development Authority (MIDA) 

Plaza Sentral 

Jalan Stesen Sentral 5 

50470 Kuala Lumpur 

Tel.: (60-3) 22 67 36 33 

Fax: (60-3) 22 73 4220 

http://www.mida.gov.my 

Selangor State Investment Centre (SSIC) 

24th Floor, WISMA M.B.S.A 

40000 Shah Alam Selangor, Darul Ehsan 

Tel.: (60-3) 55 10 20 05/55 10 20 06 

Fax: (60-3) 55 19 64 03/55 11 20 08 

http://www.ssic.com.my 

Kulim Technology Park Corp. Berhad 

Suite 3.01-3.02, Third Floor, KHTP Business Centre 

09000 Kulim, Kedah Darul Aman 

Tel.: (60-4) 403 24 20 

Fax: (60-4) 403 19 73 

http://www.khtp.com.my 

Melaka State Investment Centre Berhad (MSIC) 

9th Floor, Graha Maju 

75300 Melaka 

Tel.: (60-6) 288 21 12 

Fax: (60-6) 288 21 15 

http://www.msic.com.my 

Maldives 

Foreign Investment Services Bureau (FISB) 

Ministry of Trade and Industries 

Male 20-055 

Tel.: (960) 33 23 890 

46 




Fax: (960) 32 37 56 

http://www.investmaldives.org 

Mali 

Centre National de Promotion des 

Investissements (CNPI) 

Bvd Cheick Zayed 

Bamako 

Tel.: (223) 229 22 79/229 52 12 

Fax: (223) 2 29 80 85 

http://www.cnpi-mali.org 

Malta 

Malta Enterprise Corporation 

Industrial Estate 

PO Box 08 Malta 

Tel.: (356)25 42 00 00 

Fax: (356)25 42 34 01 

http://www.maltaenterprise.com 

Mauritania 

General Delegation of Private Investment Promotion 

BP 230 

Tel.: (222) 525 87 17 

Fax: (222) 524 43 56 

http://www.investinmauritania.gov.mr 

Mauritius 

Board of Investment of Mauritius 

One Cathedral Square Building 

Port Louis 

Tel.: (230) 203 38 00 

Fax: (230) 208 29 24 

http://www.boimauritius.com 

Mexico 

Fomento Economico Sureste de Coahuila A.c. (FESEC) 

Autopista Saltillo.Monterrey 

Coahuila 

Tel.: (52-844) 896 10 15/16 

Fax: (52-844) 896 10 18 

http://www.fesec.com.mx 

Industrial Development Commission of Mexicali 

Reforma 1087 

Mexicali, Baja California 21100 

Tel.: (52-686) 552 66 10 

Fax: (52-686) 552 57 30 

http//www.mexicaliindustrial.com 

ProMexico 

Periferico Sur #4333 

14210 Mexico-City 

Tel.: (52-1) 54 49 90 00 

Fax: (52-1) 54 49 90 86 

http//www.bancomext.com 

Secretaría de Promoción Económica del Estado de 

Jalisco - SEPROE 

Av. López Cotilla 1505 

Col. Americana 

Guadalajara, Jalisco - Mexico 

Tel.: (52-33) 36782000 Ext. 55045 

Moldova (Republic of) 

Moldovan Export Promotion Organization (MEPO) 

65, Alexei Mateevici str. 

2009 Chisinau 

Tel.: (+373 22) 24-21-11, 21-40-66 

Fax: (+373 22) 24-36-19 

http://www.miepo.md 

Mongolia 

Foreign Investment and Foreign Trade Agency (FIFTA) 

Government of Mongolia 

Ulaanbaatar 211238 

Tel.: (976-11) 326 040 

Fax: (976-11) 312 323 

http://www.investnet.mn 

Montenegro 

Montenegrin Investment Promotion Agency (MIPA) 

Jovana Tomasevica bb 

47 




81000 Podgorica 

Tel.: (381-81) 65 55 84 

Fax: (381-81) 65 55 83 

http://www.mipa.cg.yu 

Morocco 

Agency for Promotion Economic and Social 

Development of the Moroccan Oriental Region 

12, rue Mekki Bikiouri, Souissi 

Rabat 

Tel.: (212-37) 63 35 80 

Fax: (212-37) 75 30 20 

http://www.oriental.ma 

Ministère de l’Economie et des Finances 

Direction des Investissements Extérieurs 

1000 Agdal-Rabat 

Tel.: (212-37) 67 34 20 / 67 35 06 / 37 67 34 21 

Fax: (212-37) 67 34 17 / 19 

http://www.invest-in-morocco.gov.ma 

Regional Centre for Investment 

in Greater Casablanca 

60, avenue Hassan II 

20000 Casablanca 

Tel.: (212-22) 48 18 88 

Fax: (212-22) 48 21 15 

http://www.casainvest.ma 

Namibia 

Namibia Investment Centre (NIC) 

Ministry of Trade and Industry 

Windhoek 

Tel.: (264-61) 28 37 335/28 37 111 

Fax: (264-61) 22 02 78/25 46 00 

http://www.grnnet.gov.na 

Nepal 

Industrial Promotion Division 

Ministry of Industry, Commerce and Supplies 

Kathmandu 

Tel.: (977-1)422 47 26 

Fax: (977-1) 422 03 19 

http://www.yomari.com/fips 

Netherlands 

Netherlands Foreign Investment Agency 

P.O.Box 20101 

2500 EC The Hague 

Tel.: (31-70) 379 88 18 

Fax: (31-70) 379 63 22 

http://www.nfia.nl 

Southern African Netherlands 

Chamber of Commerce 

and Industry 

Juliana van Stolberglaan 148 

2595 CL The Hague 

Tel.: (31-70) 347 07 81 

Fax: (31-70) 335 27 66 

http:// www.sanec.nl 

West-Holland Foreign Investment Agency (WFIA) 

Koninginnegracht 14E 

The Hague 

Tel.: (31-70) 311 55 55 

Fax: (31-70) 311 55 56 

http://www.wfia.nl 

New Zealand 

New Zealand Trade and Enterprise 

P.O. Box 2878 

Wellington 

Tel.: (64-4) 816 8207 

Fax: (64-4) 816 8101 

http://www.nzte.govt.nz 

http://www.investmentnz.govt.nz 

Nicaragua 

ProNicaragua 

Km 4,5 Carretera a Masaya 

Managua 

Tel.: (505) 270 64 00 

Fax: (505) 278 73 32 

http://www.pronicaragua.org 

48 




Niger 

Centre de Promotion des Investissements (CPI) 

B.P. 209 Niamey 

Tel.: (227) 73 25 73 

Fax: (227) 73 46 68 

http://www.investir-au-niger.org 

Nigeria 

Nigerian Investment Promotion Commission (NIPC) 

Plot 1181 

P.M.B. 381 Garki Abuja 

Tel.: (234-9) 413 80 25-6 

Fax: (234-9) 413 43 06 

http://www.nipc-nigeria.org 

Cross River State Investment Promotion Bureau 

5th Floor, Okoi Arikpo House, Calabar Road 

Calabar, Cross River State 

Tel.: (243-8) 02 223 9903 (243-8) 05 053 1331 

http://www.crossriverstate.gov.ng 

Oman 

Omani Centre for Investment Promotion & Export 

Development (OCIPED) 

P.O. Box 25 

P.C. 117 

Tel.: (968) 24 81 23 44 

Fax: (968) 24 81 08 90 

http://www.ociped.com 

Pakistan 

Board of Investment (BOI) 

Ataturk Avenue 

Islamabad 

Tel.: (92-51) 92 21 824/92 07 404 

Fax: (92-51) 92 15 554/92 060 61 

http://www.pakboi.gov.pk 

Palestine National Authority 

Palestinian Investment Promotion Agency (PIPA) 

P.O. Box 1984 

Ramallah 

Tel.: (972-2) 298 87 91/2 

Fax: (972-2) 298 87 93 

http://www.pipa.gov.ps 

Papua New Guinea 

Investment Promotion Authority (IPA) 

P. O. Box 5053 

Boroko, NCD 

Tel.: (675) 321 7311 

Fax: (675) 320 22 37 

http://www.ipa.gov.pg 

http://www.investinpng.com 

Paraguay 

Proparaguay 

Presidente Franco Casi Ayolas 

Asunción 

Tel.: (595 21) 207 055 

Fax: (595 21) 207 055 

http://www.stp.gov.py 

REDIEX Red de Inversiones y Exportaciones 

Mcal. Lopez N 333 

Asuncion 

Tel.: (595-21) 665112-3 

Fax: (595 21) 665112 

hhtp://www.rediex.gov.py 

Peru 

ProInversión 

Paseo de la República 3361 Piso 9 

San Isidro-Lima 27 

Tel.: (51-1) 612-1200 

Fax: (51-1) 221 29 31 

http://www.proinversion.gob.pe 

Poland 

Polish Information and Foreign Investment Agency 

(PAIiIZ) 

ul. Bagatela 12 

00-585 Warsaw 

49 




Tel.: (48 22) 334 98 00 

Fax: (48 22) 334 99 99 

http://www.paiz.gov.pl 

Portugal 

Invest in Azores Agency (APIA) 

Avenida Principe do Monaco, 6-1 Esq. 

9500-237 Ponta Delgada 

Tel.: (351-296) 308 800 

Fax: (351-296) 308 809 

http://www.investinazores.com 

AICEP Business Development Agency 

Edif. Peninsula 7 

4150-146 Porto 

Tel.: (351) 217 909 500 

Fax: (351) 226 05 53 99 

http://www.portugalglobal.pt 

Qatar (State of ) 

Economic and Commercial Promotion Department 

Ministry of Economy and Commerce 

Doha 

Tel.: (974) 494 54 01 

Fax: (974) 493 30 54 

http://www.investinqatar.com.qa 

Romania 

Romanian Agency for Foreign Investments (ARIS) 

22, Primaverii Blvd., District 1 

Bucharest 

Tel.: (40-21) 233 91 03 

Fax: (40-21) 233 91 04 

http://www.arisinvest.ro 

Russian Federation 

North-West Development and Investment Promotion 

Agency 

Fontanka Embankment 21 

St. Petersburg 191023 

Tel.: (7-812) 622 14 87 

Fax: (7-812) 622 18 25 

http://www.investa.spb.ru 

National Agency for Direct Investment 

21/4, Khlebny Pereulok 

Moscow 121064 

Tel.: (7-495) 956 39 57 

Fax: (7-495) 956 39 70 

http://www.napi.ru 

Rwanda 

Rwanda Investment and Export Promoting Agency 

1, Avenue du Lac Muhazi, PO Box 6293 

Kigali 

Tel.: (250) 510 248 

Fax: (250) 510 249 

http://www.rwandainvest.com 

Saint Kitts and Nevis 

Nevis Investment Promotion Agency (NIPA) 

P.O. Box 882, Rams Complex 

Stoney Grove 

Tel.: (869) 469 0038 

Fax: (869) 469 0039 

http://www.nevisfinance.com 

Saint Lucia 

National Development Corporation 

Heraldine Rock Administrative Bldg., First Floor 

The Waterfront 

St Lucia 

Tel.: (1-758) 452 3614 

Fax: (1-758) 452 1841 

http://www.stluciandc.com 

Saint Vincent and the Grenadines 

National Investment Promotions Inc. 

2nd Floor Administrative Centre 

Kingston 

Tel.: (1-784) 457 21 59 

Fax: (1-784) 457 29 43 

http://www.svg-nipi.com 

50 




Samoa 

Ministry of Commerce, Industry & Labour. 

P.O.Box 862 

Apia 

Tel.: (685) 20441 

Fax: (685) 20443 

http://www.tradeinvestsamoa.ws 

Saudi Arabia 

Saudi Arabia General Investment Authority (SAGIA) 

P.O. Box 5927 

Riyadh 11432 

Tel.: (966-1) 205 4009 

Fax: (966-1)205 4017 

http://www.sagia.org 

Royal Commission for Jubail and Yanbu 

P.O. Box 5964 

Riyadh 11432 

Tel.: (966-1) 479 44 45 

Fax: (966-1) 479 32 75 

http://www.rcjy.gov.sa 

Senegal 

Investment Promotion and Major Works Agency 

(APIX) 

52-54 rue Mohamed V 

Dakar 

Tel.: (221) 849 05 55 

Fax: (221) 823 94 89 

http://www.apix.sn 

Kosovo (Serbia) 

Investment Promotion Agency of Kosovo (IPAK) 

Rr. Enver Maloku, No 80 

Prishtina 

Tel.: (381 38) 200 360 44 

Fax: (381-38) 200 360 41 

http://www.invest-ks.org 

Serbia 

Serbia Investment and Export 

Promotion Agency (SIEPA) 

Vlajkoviceva 3/V 

11000 Beograd 

Tel.: (381-11) 33 98 550 

Fax: (381-11) 33 98 814 

http://www.siepa.gov.rs 

Vojvodina Investment Promotion (VIP) 

Zmaj Jovina 4/I 

21000 Novi Sad 

Tel.: (381-21)472 32 45 

Fax: (381-21)472 19 21 

http://www.vip.org.yu 

Seychelles 

Seychelles International Business Authority (SIBA) 

P.O.Box 991 

Victoria, Mahe 

Tel.: (248) 38 08 00 

Fax: (248) 38 08 88 

http://www.siba.net 

Seychelles Investment Bureau (SIB) 

P.O.Box 1167 

Victoria, Mahe 

Tel.: (248) 295 500 

Fax: (248)22 51 25 

http://www.sib.sc 

Sierra Leone 

Ministry of Trade, Industry and State Enterprises 

18/20 Walpole Street 

Freetown 

Tel.: (232-22) 22 76 04 

Fax: (232-22) 22 90 97 

http://www.sledic-sl.org 

Sierra Leone Investment & Export Promotion Agency, 

SLIEPA 

3 rd Floor Standard Chartered Bank Building 

Freetown 

51 




Tel.: (232-33) 303 5051/76 603 137/76 282 828 

Fax: (232-22) 221 034 

Slovakia 

Slovak Investment and Trade 

Development Agency (SARIO) 

Martincekova 17 

821 02 Bratislava 

Tel.: (421-2) 58 26 01 00 

Fax: (421-2) 58 26 01 09 

http://www.sario.sk 

Public Agency of the Republic of Slovenia for 

Entrepreneurship and Foreign Investments (JAPTI) 

Dunajska 156 

Ljubljana 1000 

Tel.: (386-1) 5891 884 

Fax: (386-1) 5891 877 

http://www.investslovenia.org 

Solomon Islands 

Ministry of Commerce and Tourism 

P.O.Box G26 

Honiara 

Tel.: (677)22 856/ 26 392 

Fax: (677) 25 084/21 651 

http://www.commerce.gov.sb 

South Africa 

City of Johannesburg 

66 Jorissen Place 

Johannesburg 

Tel.: (27-11) 358 34 42 

Fax: (27-11) 358 34 44 

http://www.joburg.org.za 

Durban Investment Promotion Agency 

26th Floor, Old Mutual Center 

Durban 4001 

Tel.: (27-31) 336 25 90 

Fax: (27-31) 336 25 11 

http://www.dipa.co.za 

Gauteng Economic Development Agency (GEDA) 

GEDA House 

Johannesburg, Gauteng 

Tel.: (27-11) 833 87 50 

Fax: (27-11) 833 89 30 

hhtp://www.geda.co.za 

Invest North West 

1st Floor Old Mutual Bldg. 

Rustenburg 0290 

Tel.: (27-14) 594 25 70 

Fax: (27-14) 594 25 75/6 

http://www.inw.org.za 

Mpumalanga Economic Growth Agency (MEGA) 

P O Box 5838 

Nelspruit 1200 

Tel.: (27-13) 752 6413 

Fax: (27-13) 086 695 8322 

http://www.mega.gov.za/ 

Trade and Investment KwaZulu-Natal (TIK) 

P.O. Box 4245 

Durban 4000 

Tel.: (27-31) 366 0600 

Fax: (27-31) 304 44 71 

http://www.tikzn.co.za 

Trade and Investment Limpopo (TIL) 

P.O. Box 3490 

0699 Polokwane 

Tel.: (27-15) 295 51 71 

Fax: (27-15) 295 51 97 

http://www.til.co.za 

Trade and Investment South Africa (TISA) 

Private Bag X84 

Pretoria 0001 

Tel.: (27-12) 394 13 17 

Fax: (27-12) 394 23 17 

http://www.thedti.gov.za 

Spain 

Interes Invest in Spain 

28020 Madrid 

52 




Tel.: (34-91) 349 39 83 

Fax: (34-91) 349 35 62 

http://www.investinspain.org 

Agency of Innovation and Development of Andalucia 

Agency (IDEA) 

C/Torneo, 26 

41002 Sevilla 

Tel.: (34-95)503 08 38 

Fax: (34-95) 503 08 39 

http://www.agenciaidea.es 

Catalonia Investment Agency (CIDEM) 

Passeig de Gracia, 129 

08008 Barcelona 

Tel.: (34-93) 476 72 87 

Fax: (34-93) 476 73 03 

http://www.catalonia.com 

Service Center for the internationalisation of the 

Catalan Companies 

Passeig de Gracia, 94 

08008 Barcelona 

Tel.: (34-93) 484 96 27 

Fax: (34-93)484 96 66 

http://www.copca.com 

PromoMadrid 

Suero de Quinones, 34 

28002 Madrid 

Tel.: (34 91) 745 20 98/9 

(34 91) 745 20 97 

(34-91) 74 50 127 

Fax: (34-91) 564 4007 

http://www.promomadrid.com 

Sri Lanka 

Board of Investment of Sri Lanka (BOI) 

World Trade Center, Echelon Square 

Colombo 01 

Tel.: (94-11) 243 66 39/243 05 14 

Fax: (94-11) 244 79 94 

http://www.boi.lk 

Sudan 

Sudanese Investment Authority 

P.O. Box 6286 

Khartoum 

Tel.: (249-11) 77 10 63/77 96 28/72 04 54 

Fax: (249-11) 77 01 56 

http://www.sudaninvest.org/mid.htm 

Swaziland 

Swaziland Investment Promotion Authority (SIPA) 

7th floor , Mbandzeni House 

Mbabane H100 

Tel.: (268) 404 0470/2/3/4 

Fax: (268) 404 3374 

http://www.sipa.org.sz 

Sweden 

Invest in Sweden Agency (ISA) 

P.O. Box 90 

101 21 Stockholm 

Tel.: (46-8) 40 27 800 

Fax: (46-8) 40 27 878 

http://www.isa.se 

Stockholm Business Region 

P.O.Box 162 82 

10121 Stockholm 

Tel.: (46-8) 508 280 00 

Fax: (46-8) 508 280 90 

http://www.stockholmbusinessregion.se 

Business Region Göteborg (BRG) 

Norra Hamngatan 14 

411 14 Göteborg 

Tel.: (46-31) 61 24 02 

Fax: (46-31) 61 24 01 

http://www.businessregiongoteborg.com 

Switzerland 

Osec 

Stampfenbachstrasse 85 

CH-8021 Zürich 

53 




Tel.: (41-44) 365 50 00 

Fax: (41-44) 365 5221 

http://www.osec.ch 

Tadjikistan 

Agency for Promotion of Foreign Investments (APFI) 

734025, 36 Khuseinzoda st. 

Dushanbe 

Tel.: (992-372) 23 37 54 

Fax: (992-372) 23 37 54 

Tanzania (United Republic of) 

Tanzania Investment Centre (TIC) 

P.O.Box 938, Dar Es-Salaam 

Tel.: (255-22) 211 3365 

Fax: (255 22) 2116330 

http://www.tic.co.tz 

Zanzibar Investment Promotion Authority 

P. O. BOX 2286 

Zanzibar 255-24 

Tel.: (255 - 24) 2233026 

Fax: (255 - 24) 2232737 

http://www.investzanzibar.org 

Thailand 

Thailand Board of Investment 

555, Vibhavadi Rangsit Road 

Bangkok 10900 

Tel.: (66-2) 537 81 11 

Fax: (66-2) 537 81 88 

http://www.boi.go.th 

Trinidad and Tobago 

Eteck 

The Atrium 

Don Miguel Road Extension 

El Socorro 

Tel.: 1-868-675-1989 X177 

Fax: 1-868-675-9125 

http://www.eteck.co.tt 

Tunisia 

Foreign Direct Investment Promotion Agency (FIPA) 

Centre Urbain Nord 

1004 Tunis 

Tel.: (216-71) 702 444 

Fax: (216-71) 70 24 51 

http://www.investintunisia.com 

Turkey 

Investment Support and Promotion Agency 

Republic of Turkey Prime Ministry 

Ankara 

Tel.: (90-312) 413 89 00 

Fax: (90-312) 413 89 01 

www.invest.gov.tr 

Izmir Development Agency 

Sehit Fethi Bey Cad. No: 49/1 

35210 Gümrük, IZMIR 

Tel.: (90-232) 4898181 

Fax: (90-232) 4898505 

http://www.izka.org.tr 

Under Secretariat for Treasury, 

General Directorate for 

Foreign Investment 

Inönü Bulvari, 36 

Ankara 

Tel.: (90-312) 212 88 00 

Fax: (90-312) 212 89 16 

http://www.treasury.gov.tr 

Turks and Caicos Islands 

Turks and Caicos Islands Investment 

Agency (TCInvest) 

The Honourable L. Headley Durham Building 

Turks & Caicos Islands 

Tel.: (649) 946 20 58 

Fax: (649) 946 14 64 

http://www.tcinvest.tc 

54 




Uganda 

Uganda Investment Authority (UIA) 

Plot 28, Kampala Road 

P.O.Box 7418 

Kampala 

Tel.: (256-41) 25 15 61/5, 23 41 05 

Fax: (256-41) 23 15 49 

http://www.ugandainvest.com 

Ukraine 

Ukrainian Center for Foreign Investments Promotion 

(InvestUkraine) 

28, Druzhby Narodiv Blvd 

Kyiv, 01103 

Tel.: (380-44) 285 68 34 

Fax: (380-44) 281 9559 

http://www.investukraine.org 

United Arab Emirates 

Dubai Airport Free Zone Authority (DAFZA) 

P.O. Box 491 

Dubai 

Tel.: (971-4) 299 55 55 

Fax: (971-4) 202 77 66 

http://www.dafza.gov.ae 

Ras Al Khaimah Free Trade Zone Authority 

P. O. Box 10055 

Ras Al Khaimah 

Tel.: (971-7) 204 1111 

Fax: (971-7) 204 1192 

http://www.rakftz.com 

United Kingdom 

UK Trade & Investment 

Dept. of Trade and Industry 

London SW1E 6SW 

Tel.: (44) 20 721 580 00 

Fax: (44) 20 721 556 16 

http://www.uktradeinvest.gov.uk 

Manchester Investment Development Agency Service 

(MIDAS) 

MIDAS House, Trafford Wharf Road 

Manchester M17 1EX 

Tel.: (44) 161 877 30 00 

Fax: (44) 161 848 86 38 

http://www.manchestercalling.com 

United States of America 

Invest in America 

1401 Constitution Avenue, NW 

Washington, DC 20230 

Tel.: (1-202) 482 5199 

Fax: (1-202) 482 3643 

http://www.investamerica.gov 

Uzbekistan 

Foreign Investment Agency 

75, Buyuk Ipak Yuli str. 

700077 Tashkent 

Tel.: (998-712) 68 77 05 

http://www.gov.uz/fia 

Uzinfoinvest 

1, Taras Shevchenko str. 

Tashkent 

Tel.: (998-71) 238 91 00 

Fax: (998-71) 238 92 00 

www.investuzbekistan.org 

Vanuatu 

Vanuatu Investment Promotion Authority (VIPA) 

Level 1, Pilioko House 

Port Vila 

Tel.: (678) 24 44 1 

http://www.investinvanuatu.com 

http://www.vanuatuinvest.vu 

Venezuela 

Consejo Nacional de Promoción de Inversiones 

(CONAPRI) 

Edificio Forum, PB, Local LC-A, Calle Guaicaipuro, El 

Rosal 

55 




Caracas 1060 

Tel.: (58 21)2951 1523 

Fax: (58 21)2953 3915 

http://www.conapri.org 

Yemen (Republic of) 

General Investment Authority (GIA) 

26, Al-Kods Street, Southern Al-Safia 

Sana’a 

Tel.: (967-1) 26 29 60/62/63 

http://www.giay.gov.ye 

Zambia 

Zambia Investment Centre (ZIC) 

Los Angeles Boulevard 

10101 Lusaka 

Tel.: (260-1) 25 42 14 

http://www.zic.org.zm 

Zimbabwe 

Zimbabwe Investment Centre 

The Investment House,109 - Rotten Row Road 

Harare 

Tel.: (263-4) 75 79 31/5 

Fax: Tel.:+41 (0) 22 797 26 63/64 

http://www.zimtrade.co.zw 

ASSOCIATED MEMBERS 

Democratic Republic of Congo 

La Congolaise d’études, de prospections et des 

sondages socio-economiques, CEPSE 

Av. de la Paix, Nr. 21 

Commune de la Gombe Kinshasa 

Tel.: (243) 994 285 388 

Fax: (243) 998 124 281 

http://www.cepse-sprl.com 

Egypt 

COMESA Regional Investment Agency 

3, Salh Salem Road 

Nasr City, 11562 Cairo 

Tel.: (260-1) 22 97 26/32 

Fax: (202) 4055421 

http://www.comesa.int 

France 

ACSAN 

32, rue Mallet Stevens, Batiment K 

30900 Nimes 

Tel.: (33-4)66 04 06 06 

Fax: (33-4)66 04 74 50 

http://www.acsan-consulting.com 

IBT Partner 

17, rue du Colisee 

75008 Paris 

Tel.: (33-1) 56 88 29 00 

Fax: (33-1) 56 88 29 01 

http://www.ibtpartner.com 

Japan 

Japan Bank for International Cooperation 

4-1 Ohtenachi 1-Chome 

Tokyo 

Tel.: (81-3)52 18 97 19 

Fax: (81-3)52 18 98 46 

http://www.jbic.go.jp/english/index.php 

56 




Mexico 

Fomento Economico Sureste de Coahuila, A.C. 

Autopista Saltillo-Moterrey 

#7290 Col. Los Rodriguez 

Saltillo, Coahuila 

Tel.: (52-844) 896 1015/1016 

Fax: (52-844) 896 1018 

http://www.fesec.com.mx 

Nigeria 

Resman Associated LTD 

P.O. Box 41 74 Apapa 

Lagos 

Tel.: (234-1)545 28 33 

Fax: (234-1)545 28 33 

http://www.resmanassociates.com 

Saudi Arabia 

United States of America 

Development Counsellors International (DCI) 

215 Park Avenue South, 10th Floor 

New York, NY 10003 

Tel.: (1 212) 725 07 07 

Fax: (1 212) 725 22 54 

http://www.aboutdci.com 

Vietnam 

Vietnam Investment Promoting 

Technics and Construction 

Joint Stock Company (Techconvina) 

A106-Xuan Dinh New Urban- 

Ha noi City 

Tel.: (84-04) 75 00 999 

Fax: (84-04) 75 01 001 

www.techconvina.com 

Islamic Development Bank Groups’ Investment 

Promotion Technical Assistance Programme (ITAP) 

P.O. Box 157 72 

Jeddah 21454 

Tel.: (96-62) 644 54 44 

Fax: (96-62) 637 97 55 

http://www.iciec.com 

Senegal 

IPAWAS Association of Investment Promotion 

Agencies of West African States 

35 Avenue Malick Sy 

BP 3309 RP Dakar 

Tel.: (221) 33 821 04 13 

Fax: (221) 33 821 04 13 

South Africa 

African Access International 

50 Old Main Road 

3710 Hillcrest 

Tel.,Fax:+27 31 562 1673 

http://www.access-int.com 

57 





WAIPA Statutes 

CHAPTER I 

Establishment of WAIPA and Objectives 

Article I 

1. Followingt hef oundingm eetingo fh igh-levelo fficials 

of Investment Promotion Agencies held 26-27 

April, 1995 under the auspices of the United Nations 

Conference on Trade and Development (UNCTAD), an 

international association of Investment Promotion 

Agencies is hereby established and shall hereinafter 

be referred to as World Association of Investment 

Promotion Agencies (WAIPA). 

2. WAIPA is an autonomous, non-profit making organization 

established pursuant to articles 60 to 79 of 

the Swiss Civil Code. 

3. The headquarters of WAIPA shall be situated in 

Geneva, Switzerland, or at such place as the General 

Assembly may decide. 

Article II 

1. WAIPA shall be dedicated to the support and advancement 

of the following purposes: 

a. To promote and develop understanding and 

cooperation amongst Investment Promotion 

Agencies; 

b. To strengthen information gathering systems 

and information exchange amongst Investment 

Promotion Agencies; 

c. To share country and regional experiences in 

attracting investment; 

d. To assist Investment Promotion Agencies to 

gain access to technical assistance and training 

through referrals to relevant agencies; 

e. To facilitate access to funding and other assistance, 

through referrals to relevant bilateral 

and multilateral agencies, for the development 

and implementation of investment promotion 

programmes; 

f. To assist Investment Promotion Agencies in a 

dvising their respective governments in the formulation 

of appropriate investment promotion 

policies and strategies. 

2. The aims and purposes of WAIPA shall be accomplished 

through meetings, seminars and congresses, 

through publication of regular periodicals and special 

reports and through such other means as its General 

Assembly may determine. 

CHAPTER 2 

Membership 

59 




Article III 

1. Membership ofW AIPA shall be open to all agencies 

whose prime function is to promote any country 

or territory for investment. Associated membership 

of WAIPA shall be open to public and private sector 

organisations as well as non-governmental organisations 

which are substantially involved in investment 

promotion activities and which share the objectives of 

WAIPA as set out in Article II of the WAIPA Statute. 

2. An annual membership fee of 2’500 US$, as decided 

by the General Assembly, shall be paid by every 

Member and Associated Member. 

3. Members ofW AIPA may, under the framework of 

the WAIPA Statute, associate at regional or subregional 

level and may do so under Statute that shall 

not be in conflict with the WAIPA Statute. 

4. All Members shall have the same rights, duties and 

privileges. Associated Members shall have the same 

rights, duties and privileges as Members, provided, 

however, that they shall not have the right to vote 

under Article VIII, paragraph 3 of this Statute, or to 

become a member of the Steering Committee under 

Article XI of this Statute. 

CHAPTER 3 

Institutions 

Article IV 

WAIPA shall perform its functions through the following 

organs: 

a. The General Assembly. 

b. The Steering Committee. 

c. The Secretariat. 

CHAPTER 4 

The General Assembly 

Article V 

1. The General Assembly shall be the deliberative assembly 

of WAIPA. It shall consist of representation 

from each Member. 

2. The General Assembly shall establish the general 

policy of WAIPA; adopt a work programme; elect officials; 

appoint financial auditors; and establish any 

subsidiary body as may be required. 

Article VI 

The General Assembly shall meet at least once a year 

either at the time and location of the annual Session of 

the UNCTAD Commission on International Investment 

and Transnational Corporations or at such convenient 

place as may be decided by the Steering Committee. 

Article VII 

The General Assembly shall elect from among its 

members a President and two vice-presidents who 

shall each serve for two years and shall be eligible for 

re-election for one additional consecutive term. 

Article VIII 

1. The General Assembly shall discuss in open session 

the annual report of the Steering Committee and 

such other matters as may be referred to it by the 

Steering Committee. 

2. The quorum of the General Assembly shall be one 

third of all the Members. 

3. The decisions of the General Assembly shall be taken 

by a majority vote of all the Members present. 

Article IX 

The General Assembly shall establish its own Rules of 

Procedure. 

CHAPTER 5 

The Steering Committee 

Article X 

The Steering Committee shall be responsible for 

60 




ensuring the implementation of the decisions of the 

General Assembly. 

Article XI 

1. TheS teeringC ommittees hallc onsisto f1 5m embers 

elected by the General Assembly. 

2. The President and vice-presidents of the General 

Assembly shall be members of the Steering Committee 

and the President shall serve as the Chairperson 

of the Steering Committee. 

3. One seat in the Steering Committee shall be reserved 

for representation from each of the African, 

Middle East and North African (MENA), European 

Union, Eastern Europe, Asian, East and South East 

Asian, South American, Central American and the Caribbean, 

North American, and Oceania regions. 

4. A Member of the Steering Committee, except an 

exofficio Member, shall serve for two years and shall 

be eligible for reelection. 

5. A retired President of the General Assembly shall 

be an ex-officio member of the Steering Committee 

for the succeeding two-year period. 

6. Steering Committee members shall serve on an 

exclusively voluntary basis, without remuneration 

Article XII 

1. The Steering Committee shall convene at least 

twice a year at the headquarters of the Association 

or at such other suitable place as it may decide. 

2. The decisions of the Steering Committee shall be 

by a majority vote. 

3. The quorum of the Steering Committee will be 

five. 

Article XIII 

The Steering Committee shall formulate its own rules 

of procedure. 

Article XIV 

The Steering Committee shall have the following 

functions: 

a. To draw up detailed proposals for the realization 

of the objectives to which WAIPA is dedicated; 

b. To prepare and submit a report to the General 

Assembly at least once a year; 

c. To perform such other duties as may be assigned 

to it by the General Assembly. 

CHAPTER 6 

The Secretariat 

Article XV 

1. There shall be a Secretariat, set up by the Steering 

Committee, which will assist the Steering Committee 

in the carrying out of its work. 

2. The Secretariat shall also assist the Steering Committee 

to prepare the annual report and any such 

supplementary reports as are required by the activities 

of WAIPA, in addition to the daily management 

of the Association. 

3. WAIPA shall seek and utilize to the extent possible 

support from Foreign Investment Advisory Services 

(FIAS), Multilateral Investment Guarantee Agency 

(MIGA), Organization for Economic Cooperation and 

Development (OECD), United Nations Conference on 

Trade and Development (UNCTAD), United Nations 

Industrial Development Organization (UNIDO) and 

such other bilateral and multilateral agencies as may 

be authorized by the Steering Committee and the 

General Assembly. 

4. The agencies referred to in clause 3 shall be invited 

to the Consultative Committee, which will advise the 

Steering Committee in the definition and implementation 

of the WAIPA programme. 

Article XVI 

61 




The Secretariat shall be located at the headquarters 

of WAIPA. 

CHAPTER 7 

Budget and Expenditure 

Article XVII 

The Steering Committee shall prepare a Budget for 

the administration of the affairs of WAIPA and shall 

submit it to the General Assembly for approval. 

Article XVIII 

The financial resources of WAIPA will be made up of 

voluntary donations which it may accept in accordance 

with Article XIX, membership fees and payments 

received for services rendered. 

Article XIX 

The Chairperson of the Steering Committee or any 

other person that may be appointed by the General 

Assembly may accept such voluntary donations as 

may be offered to WAIPA, provided that no condition 

contrary to the aims and interest of WAIPA is 

attached to such voluntary donations and the donation 

is disclosed immediately to the Members of the 

Steering Committee. 

CHAPTER 8 

General Provisions 

Article XX 

1. Any Investment Promotion Agency, which is not a 

signatory to the Statute, may adhere to it by sending 

a notification to the Secretariat, which shall inform 

other Members of its adherence to the agreement. 

2. Any Member who desires to renounce its membership 

shall forward a written notification to the Secretariat. 

At the expiration of one year from the date 

of the receipt of such notification, if not withdrawn 

earlier, this Statute shall cease to apply with respect 

to the Member that has so renounced. 

3. Should a Member act in flagrant violation against 

the spirit, purpose and interests of WAIPA, the General 

Assembly may, on the recommendation of the Steering 

Committee, suspend the rights and privileges to 

be enjoyed by that Member to the extent determined 

by the General Assembly. 

Article XXI 

The Association shall cooperate with governments, 

business organizations and other international bodies. 

In particular, it is intended that besides the specific relationship 

with UNCTAD referred to in Article VI, and 

with FIAS, MIGA, OECD, UNCTAD and UNIDO referred 

to in Article XV.3, WAIPA shall establish working relations 

with other organizations in the United Nations 

system which have relevance to WAIPA’s objectives. 

Article XXII 

The working language of the Association shall be 

English. Other languages may be used if resources 

permit. 

Article XXIII 

The liability of WAIPA shall be limited to the amount 

of its assets. The liability of WAIPA shall not extend to 

the personal liability of the officials of WAIPA. 

Article XXIV 

In the event that WAIPA is to be wound up, all assets 

shall be distributed among the members of WAIPA, 

proportionately to the payment of their subscription 

over the last three years to the Association, and shall 

be prorated accordingly. The proceedings shall be 

in accordance with the applicable laws and by the 

courts of the seat of WAIPA. 

Article XXV 

Any dispute between WAIPA and a Member or an officer, 

which is not settled amicably, shall be settled in 

accordance with the laws and by the courts of seat 

of the WAIPA. 

62 




Article XXVI 

1. Any question which may arise concerning the interpretation 

or application of this Statute shall be decided 

by a vote of two-thirds of the Steering Committee. 

2. If the Steering Committee fails to resolve such a 

question, the matter shall be submitted to the General 

Assembly, whose decision shall be final. 

Article XXVII 

1. This Statute may be amended on the following 

conditions: 

a. A written request shall be made to the Secretariat 

by at least ten Members; 

b. The proposed amendment shall not be submitted 

to the General Assembly until all the 

Members have been duly notified of it, at least 

three months prior to the date of the meeting at 

which it is to be considered. 

2. Any such proposed amendment shall be approved 

by a majority of at least two-thirds of the General Assembly 

who shall determine the date of its adoption. 

63 


International Environment House 2 

9, Chemin de Balexert, 1219 Châtelaine 

Geneva - Switzerland 

Phone: +41 22 7972664 

E-mail: info@waipa.org 

Site: www.waipa.org

WAIPA Annual Report 2008

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