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The World Association of Investment<br />
Promotion Agencies (<strong>WAIPA</strong>) was<br />
established in 1995 and is registered<br />
as a non-governmental organization<br />
(NGO) in Geneva, Switzerland.<br />
At the time of writing this report, the<br />
Association counted on 165 member<br />
agencies from 122 countries.<br />
Since its inception, <strong>WAIPA</strong> has<br />
dedicated time and effort towards<br />
building capacity among its Member<br />
Agencies’ human resources. Training<br />
events have been organized by<br />
<strong>WAIPA</strong>, alone or in partnership with<br />
others. Through its wide range of<br />
activities, <strong>WAIPA</strong> provides investment<br />
promotion agencies (IPAs) with<br />
the opportunity of networking<br />
and exchanging best practices in<br />
investment attraction.<strong>WAIPA</strong> has<br />
increasingly acted as an advocate<br />
on behalf of Member Agencies in<br />
support of the relevant role they play.<br />
“Membership of <strong>WAIPA</strong> shall be<br />
open to any agency, government<br />
body or other entity whose prime<br />
function is to promote any country,<br />
political subdivision of a country,<br />
or other uncontested territory, as<br />
a destination for or as source of<br />
investments (Article III of the <strong>WAIPA</strong><br />
Statutes)”. Associate Membership<br />
shall be open to other organizations<br />
(whether of a public or private<br />
nature) that share similar objectives<br />
of <strong>WAIPA</strong> as set out in Article II of<br />
the <strong>WAIPA</strong> Statutes (Associated<br />
Members). Regional institutions,<br />
companies and professional<br />
associations might become<br />
Associated Members.<br />
Objectives of <strong>WAIPA</strong><br />
The objectives of <strong>WAIPA</strong>, as broadly reflected in Article II of the<br />
Association’s Statutes are to:<br />
Promote<br />
1<br />
and develop<br />
understanding<br />
and cooperation<br />
amongst IPAs;<br />
Strengthen<br />
2<br />
information<br />
gathering systems,<br />
promote the efficient<br />
use of information<br />
and facilitate access<br />
to data sources;<br />
Share the country’s<br />
3<br />
and regional<br />
experiences in<br />
attracting foreign<br />
investment and<br />
enhancing outward<br />
investments;<br />
Assist IPAs in<br />
4<br />
advising their respective<br />
governments on the<br />
formulation of appropriate<br />
investment promotion policies<br />
and strategies; and<br />
Facilitate access to<br />
5<br />
technical assistance<br />
and promote<br />
training of IPAs.<br />
<strong>WAIPA</strong> <strong>Report</strong> of Activities <strong>2011</strong>-2012 19
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