Republic of - Waipa

WAIPA Annual Report 2010NoteThe WAIPA Annual Report 2010 wasproduced by the WAIPA PermanentSecretariat.WAIPA would like to thank all of thosewho involved in the preparation of thisreport for their various contributions.For further information on WAIPA,please contact the WAIPA PermanentSecretariat at the following address:WAIPA Permanent SecretariatInternational Environment House 29, Chemin de Balexert – 5th floor1219 Châtelaine – GenevaSwitzerlandCarlos A. BronzattoWAIPA Executive DirectorE-mail: carlos.bronzatto@waipa.orgTel: +41 22 797 26 65Fax: +41 22 796 61 55Emile Armour-HeseltonE-mail: emile.armour-heselton@waipa.orgTel.: +41 22 797 26 63Fax: +41 22 796 61 55Homepage: http://www.waipa.org

WAIPA Annual Report 2010

WAIPA President’s ForewordMessage from United Nations Conference on Trade and Development (UNCTAD)Message from United Nations Industrial Development Organization (UNIDO)Message from International Economic Development Council (IEDC)Facts about WAIPAWAIPA ActivitiesWAIPA Regional & Training Events in 2010The WAIPA Study Tour ProgrammeThe WAIPA Steering Committee 2010-2012The WAIPA Consultative CommitteeThe WAIPA Audit ReportWAIPA Balance Sheet as of December 31, 2010 (US dollars)WAIPA Income Statement for the Year Ended December 31, 2010 (US dollars)The WAIPA Members DirectoryThe WAIPA New Statutes006010014018022026030038040042044046048050084WAIPA Annual Report 2010 5

WAIPA Annual Report 2010

AlessandroTeixeiraPresident, WorldAssociation ofInvestment PromotionAgencies (WAIPA)Chairman, BrazilianTrade and InvestmentPromotion Agency(Apex-Brasil)Executive Secretary,Deputy Minister,Ministry ofDevelopment, Industryand Foreign Tradeof the FederativeRepublic of BrazilDear WAIPAMembers and colleagues,The world economy entered anew era , with implications forinvestments worldwide. Thestill unfolding sovereign debtproblems, and the subprimecrisis that preceded them,stand to change the wayinvestors now look at assets.While portfolio decisions willrequire more diligence from theinvesting public, investmentdecions will likely now takemore independent stances.What constitutes creditworthinesswill be consideredin a different light. Just asratings of mortgage-backedsecurities were proven overgenerous, sovereign debtratings are now the object ofdispute. As over zeal mighthave recently taken hold, oldbiases may also have beenrevealed. What once seemedsafe and sound, may now callfor second thoughts. Countryrisk may no longer be regardedas it once was.Reconsidering risk applies notonly to portfolio investments. Itequally applies to decisions asto where to direct FDI (foreigndirect investment). As corporateinvestors rethink “risk”, and aseconomic activity picks up, amore open-mind set may begindirecting investments waybeyond the BRICs.Caution is understandablyalways needed, but, if we havelessons to learn from the twincrisis in mature markets, oneis that high growth economiesmay be well worth the “risk”.For national governments,the implications may be toWAIPA Annual Report 2010 7

WAIPA Annual Report 2010re-defi ne investment attraction policy.For many, FDI projects that enhance“job creation” might again rank highin the national agenda, even if lesstechnology is involved, or less capital isapportioned. For others less impactedby the 2008 crisis and the recessionit ensued, knowledge-intensive FDmay still top the agenda. For allnational governments, developed anddeveloping alike, a re-arrangement ofpriorities is front and center. A “backto-basics”job creation approach mayco-exist in tandem with ambitioustechnology policy goals.In the 2010s, FDI attraction – andretention, broadens its outlook: revisitsthe old basics as it venturesinto new ways to attract high qualityprojects. Whether through nationalinnovation systems, which researchwork-product foreign corporationsmight seek, whether by activelysearching for traditional corporate R&Drelocations, when the key drivers ofsuch projects are in place or else.This Presidency of WAIPA trustsnational governments will fi nd in theirIPA Members a reliable partner toassist with the multiple challengesof generating jobs, advancing localtechnology through R&D and creatingan environment that enhancesinnovation and fosters long termsustained growth.Caution isunderstandablyalways needed, but,if we have lessonsto learn from thetwin crisis in maturemarkets, one isthat high growtheconomies may bewell worth the “risk”.Alessandro Teixeira

WAIPA Annual Report 2010 9

WAIPA Annual Report 2010

SupachaiPanitchpakdiSecretary-General ofUNCTADDear WAIPA members,As the global economyrecovers from a deepeconomic and financialcrisis, we are facing a newinvestment landscape in whichdeveloping and transitioneconomies attract more thanhalf of global foreign directinvestment (FDI) inflowsand invest over a quarter ofglobal outflows. Developingcountries have also becomeimportant players in the worldof investment promotion, andthe work of several developingcountry investment promotionagencies (IPAs) can now becited as examples of bestpractices in attracting andretaining FDI.We are also witnessingthe rise of new investmentopportunities, resulting fromthe transition to a low-carboneconomy. The wave of “green”FDI has already reachedsignificant levels, and agrowing number of locations –both developed and developing– now seek to tap into thevast potential of low-carboninvestment.Over the past year, UNCTADhas provided WAIPA memberswith assistance, advice, andopportunities for exchange ofbest practices on how to attractgreen FDI. It was a maintopic at the World InvestmentForum (WIF) 2010, where ahigh-level session and theInvestment Promotion Awards2010 focused on the promotionof green investment. OtherUNCTAD activities in this fieldincluded a seminar on greenglobal value chains at the2011 Investment EnterpriseWAIPA Annual Report 2010 11

WAIPA Annual Report 2010and Development Commission inGeneva, and an UNCTAD highlevelsession on green FDI at theAnnual Investment Meeting 2011 inDubai. Environmentally sustainableinvestment will also be a prominenttheme of the WIF 2012, which isscheduled for April next year, parallelto UNCTAD’s thirteenth ministerialconference (UNCTAD XIII) inDoha, Qatar.It is hoped that WAIPA memberagencies also benefi tted from ourresearch and policy analysis. Sincelast year, we have published monitorsof FDI trends and investment policieson a quarterly basis, in addition to the20th anniversary edition of the WorldInvestment Report: Investing in aLow-carbon Economy. Other recentUNCTAD publications on investmentpolicies and promotion also deal withthe work of IPAs.The investment promotion communityremains a crucial partner inUNCTAD’s work. I would like to thankWAIPA and its member agencies fortheir cooperation over the past year,and express my sincere hope that wewill continue our partnership in theyears to come.Over the past year,UNCTAD hasprovided WAIPAmembers withassistance, advice,and opportunitiesfor exchange of bestpractices on how toattract green FDI.Supachai Panitchpakdi

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WAIPA Annual Report 2010

KandehK. YumkellaDirector-GeneralDear WAIPA members,I would like to congratulateWAIPA on the progress ithas made since its inception.WAIPA has emerged as aglobal body bringing togetherinstitutions and professionalsto develop and disseminatebest practices in the field ofinvestment promotion.Investment is the mosteffective medium for theenhancement of productivityand competitiveness, includingthe transfer and absorptionof clean and energy efficienttechnologies. It is the meansfor new capital formation toimprove physical and humanproductive capacities therebycreating income opportunities.UNIDO has been a pioneerin the promotion of privatesector investment asthe driver of increasedproductivity, economic andsocial development, andwealth creation. Since itsestablishment in 1967, theOrganization has regardedsupport for national effortsto encourage private sectorinvestment as one of itsprincipal developmentalpriorities. In recent years ourinvestment activities havefocused increasingly onmeasuring the impact of suchinvestment on the achievementof development objectives andthe reduction of poverty. Inother words, we have beenfocusing on the promotion ofquality investments.Today the world is reflecting,once again, on the role ofthe state in the economy.The resulting rehabilitationof industrial policy is pavingthe way for an expansion ofWAIPA Annual Report 2010 15

WAIPA Annual Report 2010the policy space afforded toindividual countries as theystrive to meet the multiplechallenges of sustainabledevelopment.These challenges include thefood, fuel and fi nancial crises,the legacy of which continues.The speed and spread of thesecrises leaves us in no doubtas to the interconnectednessof global markets andsectors. This was underlinedin particular by the rapidtransformation of the fi nancialcrisis into an economic crisis,which rapidly assumedglobal proportions. Theconsequences for developingcountries have beendevastating: reduced infl owsin foreign direct investmentand remittances, a slowdownin exports, and consequently adeceleration of growth.Looming behind these crisesis the fundamental challengeposed by climate change. Wemay lose sight of it from timeto time in the face of fi nancialupheavals or viral pandemics,but climate change remainsthe defi ning issue of ourtime. As has emerged clearlyfrom the deliberations of theAdvisory Group on Energy andClimate Change establishedby the Secretary-General ofthe United Nations, Mr. BanKi-moon, which I have hadthe privilege to chair, accessto energy services remainsa central precondition forindustrial and economicdevelopment, despite itspotential implications forclimate change. The solutionclearly lies in increased effortsto develop, transfer, adoptand adapt clean sourcesof energy to provide thebasis for accelerated andenvironmentally sustainableeconomic development andwealth creation.In this context, it needs to berecalled that the achievementof the Millennium DevelopmentGoals remains a formidablechallenge for humanity. It hasbecome obvious that, when weframed our goals in 1999, thegrowth agenda had not beengiven its due importance. Wenow recognize that the countriesthat have made the mostprogress toward achieving thesegoals, which predominantlyaddress such issues aseducation and health, are alsothose that have done the mostto promote economic growth.This has led to a widespreadrecognition that growth agendais back on the table, and Iremain committed to ensuringthat it is realized.

In all of this, the role ofinvestment is central and therole of investment promotionagencies (IPAs) is becomingincreasingly signifi cant. IPAsin developing countriesare an integral part of thedevelopment agenda and,therefore, of the institutionalinfrastructure for development.These agencies are thusuniquely placed to bolster thestimulus of private investmenton economic development andpoverty reduction.In Africa, UNIDO has launcheda regional programme forinvestment promotion aimedat developing and deployingnew tools that assist countriesin measuring the impact ofinvestments, assessing therelative quality of different formsof inward investment flows, andidentifying the investor groupsto target with the appropriateinstruments. The programmewas developed in the context ofthe Africa Investment PromotionAgency Network (AfrIPANet),which was established in 2001and is composed of memberIPAs from 42 African countries.AfrIPANet and the AfricaChapter of WAIPA provide uswith an excellent opportunityto combine our respectiveprogrammes and expertise. Weare looking forward to an earlyopportunity to extend this type ofcooperation to other regions.Investment is the mosteffective medium forthe enhancement ofproductivity andcompetitiveness,including the transferand absorption ofclean and energyefficient technologies.Kandeh K. YumkellaWAIPA Annual Report 2010 17

WAIPA Annual Report 2010

DennisColemanCEcD, FMChairman,InternationalEconomic DevelopmentCouncilPresident & CEOSt. Louis CountyEconomic CouncilDear WAIPA members,IEDC is honored to continueto serve as a memberof WAIPA’s ConsultativeCommittee. In 2010, IEDCand WAIPA enjoyed a banneryear of collaborative growth.In the year to come, ourorganizations will continue towork together with the goal ofenhancing mutual attendanceof conferences and trainingcourses, and in sharing ourorganizations’ expertise ineconomic development andinvestment promotion with ourrespective membership bases.In 2010, economic activityin developing countriesshowed a positive recovery;however, many nations withmature economies continuedto experience sluggishgrowth resulting in highunemployment rates. Whilelong-term indicators point toa full recovery of the globaleconomy, the short-termoutlook isn’t as optimistic.According to a report from theWorld Bank, global economicgrowth is expected to slowin 2011, before regainingmomentum in 2012. With therecovery in its infancy, thereare still serious tensions thatthreaten the world economy.In the short-term, the slowpacedgrowth of developednations and political unrest inthe Middle East continue to limitinternational economic growth.Long-term risks center on theuncertainty of government policyin the economies most directlyhit by the crisis. Policy makersin these nations must shift theirfocus from short-term crisismanagement toward measuresthat will aid in the revitalization ofthe global economy.WAIPA Annual Report 2010 19

WAIPA Annual Report 2010Working closely with its members,IEDC and WAIPA can play animportant role in helping governmentoffi cials understand the underlyingstructural issues that led to the currenteconomic situation. Our organizationscan educate and lead efforts to helpput in place plans for restoring fi scalsustainability around the world. Thiswill require placing an emphasis onfi scal measures that lead to new jobopportunities for a global workforceand creating programs to improveeconomic competitiveness in matureand developing nations.Through IEDC’s role on theConsultative Committee we striveto share our expertise on localeconomic development and bestpractices for business attraction andbusiness retention at WAIPA eventsaround the world.In return, IEDC’s membership gainsexposure to high level internationalprofessionals in the trade andinvestment promotion fi elds from bothdeveloped and emerging economies.

In June of 2010, then IEDC BoardChairman Mr. William Best participatedin Buenos Aires at WAIPA’s springconference. While at the conference,Mr. Best also represented the IEDCat WAIPA’s Consultative Committeemeeting. In response, WAIPA ChiefExecutive Offi cer Carlos Bronzattoshared his expertise in investmentpromotion in emerging economiesat IEDC’s September 2010 AnnualConference in Columbus, OH. Whileat the conference, Mr. Bronzattoalso participated in a meeting withIEDC executive leadershipand international leadersrepresenting Europe andAustralia.In 2011, IEDC looks forwardto its continued collaborativepartnership with WAIPA,enhancing the strengthof organizations whilecontributing to global economicrecovery.Working closelywith its members,IEDC and WAIPAcan play animportant role inhelping governmentofficials understandthe underlyingstructural issues thatled to the currenteconomic situation.Dennis ColemanWAIPA Annual Report 2010 21

WAIPA Annual Report 2010

The World Association of InvestmentPromotion Agencies (WAIPA) wasestablished in 1995 and is registeredas a non-governmental organization(NGO) in Geneva, Switzerland.Since its inception, the WorldAssociation has increasinglybroadened its geographical reach.Over 250 member agencies have beenpart of the World Association. WAIPAMembers and Associated Memberscome from over 160 different countries.Throughout time, WAIPA hasconsistently dedicated significantefforts towards building the humanresources capacity of its Memberagencies. Training events have beenorganized by WAIPA, alone or incoordination with partner organizations.Through its wide range of activities,WAIPA provides investment promotionagencies (IPAs) with the opportunity tonetwork and exchange best practicesin investment attraction.Membership is open to all entities theprimary function of which is “to promoteany country, political sub-division of acountry or other uncontested territory,as a destination for, or source of,investments (Article III of the WAIPAStatutes)”. Associate Membership isopen to other organizations (whetherof a public or private nature) that sharesimilar objectives with WAIPA, as setout in Article II of the WAIPA Statutes.Regional institutions, companies andprofessional associations may alsobecome Associated Members.The objectives of WAIPAThe objectives of WAIPA, as broadly reflected in Article II of the Association’sStatutes are to:Promote1and developunderstandingand cooperationamongst IPAs;Strengthen2informationgathering systems,promote the efficientuse of information andfacilitate access to data sources;Share3country andregional experiencesin attracting foreigninvestment and enhancingoutward investments;Assist IPAs in4advising their respectivegovernments on theformulation of appropriateinvestment promotion policiesand strategies; andFacilitate access to5technical assistanceand promote trainingof IPAs.WAIPA Annual Report 2010 23

WAIPA Annual Report 2010Partners of WAIPAWAIPA partners can be internationalorganizations, multilateral agencies orother non-governmental organizations(with local or international focus),think tanks, consultancies anduniversities. Partnerships with WAIPAare established based on mutualneeds, in terms of WAIPA events,WAIPA training activities or WAIPA’stechnical assistance efforts. Technicalassistance and training initiatives ofWAIPA are generally conducted incoordination with, or with the supportof, our partners.Generally, WAIPA seeks to coordinateits efforts with the organizations thatare members of its ConsultativeCommittee, which are:• United Nations Conferenceon Trade and Development(UNCTAD);• United Nations IndustrialDevelopment Organization(UNIDO)• International EconomicDevelopment Council (IEDC);• Organization for EconomicCo-Operation and Development(OECD); and the• World Bank through InvestmentClimate Advisory Services (ICAS)and Multilateral InvestmentGuarantee Agency (MIGA).How do WAIPAmembers benefit?Membership in WAIPA involves thepayment of an annual fee. Fees areas follows:a. Members:• Tier I Countries (Countries witha GDP per capita of up to 2,500USD):• 2,500 USD.• Tier II Countries (Countries with aGDP per capita ranging from 2,501USD through 12,500 USD):• 3,000 USD.• Tier III Countries (Countries with aGDP per capita over 12,500 USD):• 3,500 USD.b. Associated Members: 3,500 USD.Members benefit from different typesof activities and services, such asnetworking through meetings, seminarsand conferences; training, capacitybuildingand best practices exchangeworkshops and study tours; and alsopublication of regular periodicals andspecial reports.

PublicationsWAIPA Members will begin regularlyreceiving:• The On-Line WAIPA NewsFlash (abi-monthly e-mail distribution);• The WAIPA Annual Report ofActivities;• WAIPA WIC Facts and Figures;• WAIPA News Alert (Off-and-On E-Mail Delivery of News,Announcements, Surveys etc.)Where Have WAIPAmembers 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, CapeVerde, Cayman Islands, Chile, China(The People Republic of), Colombia,Congo (Democratic Republic or the),Costa Rica, Cote d’Ivoire, Croatia,Cuba, Curacao (Netherlands Antilles),Cyprus, Czech Republic, Denmark,Djibouti, Dominica, DominicanRepublic, 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 (Republicof), Mongolia, Montenegro, Morocco,Namibia, Nepal, Netherlands, NewZealand, Nicaragua, Niger, Nigeria,Oman, Pakistan, Palestinian NationalAuthority, Papua New Guinea,Paraguay, Peru, Poland, Portugal,Qatar (State of), Romania, RussianFederation, Rwanda, Saint Kitts andNevis, Saint Lucia, Saint Vincent andthe Grenadines, Samoa, Saudi Arabia,Senegal, Serbia, Seychelles, SierraLeone, Slovakia, Slovenia, SolomonIslands, South Africa, Spain, SriLanka, Sudan, Swaziland, Sweden,Tajikistan, Tanzania (United Republicof), Thailand, Tonga, Togo, Trinidadand Tobago, Tunisia, Turkey, Turksand Caicos Islands, Uganda, Ukraine,United Arab Emirates, United Kingdom,United States of America, Uruguay,Uzbekistan, Vanuatu, Venezuela,Vietnam, Yemen (Republic of), Zambiaand Zimbabwe.WAIPA Annual Report 2010 25

WAIPA Annual Report 2010

WAIPA WorldInvestment Conference 2010Buenos Aires hosted thefifteenth edition of the WAIPAWorld Investment Conference- WAIPA WIC 10 BuenosAires. The Conference washeld on June 28-30, 2010.The institutional portion ofthe Conference was dividedbetween the San MartinPalace, downtown BuenosAires, which hosted theSteering Committee Meetingand the convention facilities ofthe Four Seasons Hotel, in thefamous district La Recoleta.Nearly 300 participants comingfrom 76 different countriesgathered to learn and debatethe theme “SustainableGrowth and Investment.” TheXV WAIPA World InvestmentConference also called onparticipants to Drafting a Planfor Action. In the aftermath ofone of the financial meltdownthat started in 2008, it washighlighted by the WAIPAPresident, Alessandro Teixeira,that coordination was keyto face the challenges ofresuming growth. The firstplenary session of WAIPAWIC10 Buenos Aires, thereforedebated the prospects ofcapital formation, given thelack of liquidity experiencedglobally and also looked atpersistent vulnerabilities andimbalances that still mightjeopardize growth. The needto revise the global financialframework to both reflect achanging economic landscapeand to help avoid future crisiswas intensely debated. Thepotential positive effects ofbetter coordination, overFDI flows, and growth wereconcluded, in support ofWAIPA’s Presidents call.The second plenary session,took it from this point forwardWAIPA Annual Report 2010 27

WAIPA Annual Report 2010and into a social context. Under thetopic Evolving Business Models, thepanellists exposed how to createinclusive business models, showcasinghow profi tability is not inconsistentwith social consciousness andcorporate responsibility. WAIPA’s viewof sustainability – the Conferenceproceedings helped underline, focusesmore on the economic developmentdimension and the inclusivenessaspect of the term “sustainable” –even as it does not lose sight of theenvironmental aspect. In this respect,yet still, the third plenary sessiondiscussion addressed the businessefforts and scientifi c knowledgeneeded to fi nd feasible answers toupcoming global demands. The thirdand last panel to the Conferenceportion was named Investing to Feedand Fuel the World. Plenary sessionthree panellist Professor Wu Changqi,of Peking University, summed it up:“the world’s population has grownsignifi cantly and consequentlythe demands have increased anddiversifi ed. Given this challengingsituation, a lot of innovation andknowledge is needed for thedevelopment of new products andsolutions. Exchanging expertiseglobally, i.e., knowledge sharing amongnations is to provide a bright future”.WAIPA committed to continued thedebate on innovation and on researchand development on the followingannual World Investment Conference.The most relevant institutional portionof WIC10 Buenos Aires, the annualGeneral Assembly of WAIPA Members,re-elected ApexBrasil for a secondterm in offi ce. Along with it, TanzaniaInvestment Center was re-elected fora second term in the Vice-Presidencyalong with Invest in Spain, whichpreviously held the Directorship forthe E.U. The remaining directorships,following the statutory overhaul, werePromos Milan, for the EU; JAPTI,of Slovenia, for Eastern Europe;AZPROMO, for Central Asia and theSouth Caucasus; Dubai FDI for theMENA Region, Investment PromotionAgency of Cameroun, of Cameroon, forSub-Saharan Africa; CIPA, for East andSouth-East Asia; PBIT, of Pakistan,for South Asia; Ministry of Commerce,Industry and Labor, of Samoa, for theOceania region; Pro-Mexico, for NorthAmerica; Pro-Nicaragua, for CentralAmerica and the Caribbean, andPro-Barranquila, of Colombia, takingthe seat left vacant from Prosperar,Argentina, following its dissolution. Theterm in offi ce of the Buenos AireselectedSteering Committee, underthe new Statutes of WAIPA, offi ciallybegan two months after the GeneralAssembly of 2010.Two simultaneous break-out sessionsfi nalized the Conference works. Onefocusing on how to enhance locallinkages from incoming FDI projectsand, the session instead focusedon the use of information, specially,

corporate specifi c information asa driving factor to site selectionby incoming corporations. Certainspecifi cs examples of investors recentestablishment in different parts ofArgentina were used to highlight theimportance of leveraging on corporatespecifi c information that matches localresources, skills, business environmentand others.WAIPA World InvestmentConference, BuenosAires, 2010WAIPA Annual Report 2010 29

WAIPA Annual Report 2010

1st WAIPA Regional Meeting forMiddle East and North AfricaDubai, UAE, March 22, 2010The Dubai Department ofEconomic Development’sForeign Investment Officehosted the WAIPA MiddleEast and North Africa (MENA)Chapter inaugural meeting,on March 22nd, 2010, at theGrand Hyatt Hotel, in Dubai,United Arab Emirates.Organized jointly by DubaiForeign Investment Office andWAIPA, the MENA Chaptermeeting brought together morethan 70 participants, amongthem high-level representativesfrom 11 investment promotionagencies (IPAs) from theregion, several WAIPA MemberIPAs from out of the region,senior government officials,international organizations,development banks, academia,opinion makers and executivesof various multinationalcompanies to discuss vitalissues affecting IPAs operatingwithin the MENA region. Morethan 20 media representativesfollowed the event.The first-ever WAIPA MENAmeeting represented avery timely opportunityfor the regional IPAs toconsolidate their experiencesand discuss investmentattraction strategies in thetime of the commencementof worldwide economicrecovery. The participantstook the opportunity to outlinepolicies and measures beingundertaken in MENA countriesin order to ease doing businessand create a more favorableinvestment environment, aswell as to discuss possibleregional integration andcooperation in investmentpromotion in divulginginvestment opportunitiesavailable in the region.WAIPA Annual Report 2010 31

WAIPA Annual Report 2010The main topics included inthe program of the WAIPAinaugural MENA meetingwere: ‘Experience Sharing:IPA and Policy Change in theMiddle East,’ ‘Future EconomicOutlook for the MENARegion’, ‘Solving the Puzzleof Rankings, Indexes andReports on Business Climate& FDI’ and ‘Doing Businessin the Middle East and NorthAfrica: The Private SectorPerspective’. This fi rst MENAregional meeting was jointlysupported by ApexBrasil andthe hosts, Dubai FDI.WAIPA Regional Meetingfor Middle-East andNorth Africa, Dubai,UAE, 2010

WAIPA RegionalMeeting for Middle-East and North Africa,Dubai, UAE, 2010WAIPA Annual Report 2010 33

WAIPA Annual Report 2010WAIPA Regional Meetingfor Africa – Yaoundé,Cameroon, 20101st WAIPA RegionalMeeting for African IPAsYaoundé, Cameroon, April 14th - 15th, 2010The Cameroon Investment PromotionAgency hosted the 1st WAIPA AfricaRegional Meeting, at the Hilton Hotel,in Yaoundé, Cameroon.Organized jointly by CameroonInvestment Promotion Agency andWAIPA, the Africa Regional Meetingbrought together more than 150participants, among them high-levelrepresentatives from 30 investmentpromotion agencies (IPAs) from theregion, from 27 different countries,senior government offi cials,including the representative of ThePrime Minister of the Republic ofCameroon, international organizations,development regional banks,academia, opinion- makers andexecutives of some multinationalcompanies, to discuss vital issuesaffecting IPAs in Africa and itschallenge in attracting investments intothe region. The local media were highlyattracted to cover this important eventparticipating in a press conference.The fi rst-ever WAIPA Africa Regionalmeeting represented a very timelyopportunity for the regional IPAs tothink regionally and to think Africaas a block that can discuss in a“common language”, not only topromote investments in the region butalso to develop trade and investmentwithin Africa.The main topics discussed in thisWAIPA inaugural Africa meeting were:“African Economic Perspectives in theNew World Economic Order and theimpact of the crisis”, where the debatereached agreements that investmentshould be sustainable (involvingcorporate governance, environmentprotection and corporate socialresponsibility). Also the need of an“African Regional” Millennium Agendashould be developed and the objectiveshould be to promote investmentsthat might benefi t all the countries bycreating jobs and values, especially inthe SME’s.The second panel on the theme“Regional Integration to promotesustainable FDI and developmentin Africa” presented some initiativeprograms already in existence, suchas the AfriPANnet, coordinated byUNIDO, that promotes special regionalprograms with the private sector torespond to new trends.

The third panel, about “Financialmechanisms to promote Africa’sgrowth” provided for some experiencesharing on the theme between theInternational Financial Corporation,the World Bank, the European UnionDevelopment Bank and the Associationof Credit Institutions in Camerounwith regard to the best practicesin giving stimulus to SME throughfi nancial support. Also some inputsin innovating fi nancial mechanismsin Africa were mentioned, like thenecessity of devoting strong effortsto extending electronic paymentsand to use fi nancial instruments likeletters of credit and furthering stockexchanges. It was highlighted that allthese measures have to be followedparallel to tackling corruption. Thisfi rst Africa region WAIPA Meetingwas jointly supported by ApexBrasil,and the hosts, Cameroon InvestmentPromotion Agency.WAIPA Annual Report 2010 35

WAIPA Annual Report 2010WAIPA WorkingSession for theEU ChapterMadrid, Spain, April 12 th , 2010Invest in Spain hosted an EU WAIPAChapter Meeting on April 12th, 2010.The morning session was aimed atthe broader constituency of Invest inSpain, and focused on competitivenessand foreign investment in the E.U. Itaddressed how FDI could contribute tothe economic sustainability of Europe,in general, and Spain, in particular.In the afternoon session, EuropeanIPAs, among which Promos Milan,CIPA of Cyprus and Germany Trade& Invest discussed matters related toEurope’s representation within WAIPA.A presentation by Spain’s ConsejeroDelegado on the latest Trends in FDIFlows into Europe was also was part ofthe afternoon program which was openonly to WAIPA Member IPAs.3rd WAIPA JAPTIFocus MeetingBled, Slovenia, October 20th – 21st, 2010JAPTI – the Public Agency of Sloveniafor Enterpreneurship and ForeignInvestments organized along withWAIPA a third edition of a meetingfor WAIPA Members from EasternEurope. The event took place in lakeBled and counted on participationfrom 8 Eastern European IPAs aswell as 3 IPAs from Western Europe.This year’s Slovenia meeting focusedon Performance Measurement forIPAs. Measuring performance hasincreasingly become an issue forIPAs which need to justify before theirgovernments (and their many othernational constituents) the importanceof the tasks they are charged with. Intimes of economic austerity, monitoringresults and actions that may likely leadto materializing investment projectshas turned ever more important forIPAs worldwide. Participants sharedtheir concerns and the steps alreadybeing taken to measure performance.UKTI Research Team’s position wasshared with peer IPAs. The UK positionis that in a competitive environment,what really matters is real clientsfeed-back, as opposed to “mysteryshoppers” approach. Surveying clientsas to how they rate the last interactionthey held with an offi cer provides boththe opportunity to correct mistakes aswell as to recognize good IPA staff.The Focus Meetings of Slovenia areheld immediately before the SlovenianFDI Awards, a yearly event inacknowledgement of foreign investorsestablished in the country. Earliereditions of the WAIPA JAPTI FocusMeeting were dedicated to the themesof After Care, 2008, and InvestmentIncentives, 2009. It is the hope andintention of WAIPA to continue tosupport follow-on editions of theWAIPA-JAPTI Focus Meetings.

WAIPA Annual Report 2010 37

WAIPA Annual Report 2010

Training Initiative for Oceania byAustralian Trade CommissionBrisbane, Australia, April, 2010The Australian Trade Commissionoffered its national FDI attractiontraining program to Pacific IslandIPAs Members of WAIPA, as part ofa regional capacity building initiativejointly supported by AusAid, WAIPAand Unctad. This two-day coursefocused on transferring Austrade’sknowledge and expertise in attractingFDI projects in sustainable tourism andtourism infrastructure. The initiativewas based on the Winning Investmentin Australia training program originallydeveloped for Australian federal, stateand local government investmentteams. A Study Tour portion was addedas a follow-on to the two day training.For two subsequent days site visitsto successful tourism developmentswere conducted to provide also for apractical learning experience to the 15participants from Pacific Islands IPAs.The site visits allowed for exchangeswith Queensland state and localgovernment experts in investmentattraction and tourism development.This training initiative was jointlysupported by UNCTAD-WAIPA, aswell as by the hosts, AusAid-Austrade.It is the hope and intention of WAIPAto support other such activities, inthe near future, under its Study TourProgramme.WAIPA Annual Report 2010 39

WAIPA Annual Report 2010

PresidencyMr. Alessandro Teixeira,ApexBrasil, BrasilVice-presidencyMr.Raymond Mbilinyi, TanzaniaInvestment Centre, TanzaniaVice-presidencyMrs. María Paz Ramos,Invest in Spain, SpainRegionalDirectorshipsAFRICAMrs. Marthe-Angeline Minja,Cameroon Investment PromotionAgency, CameroonMENAMr. Fahad Seddiq Al Gergawi, DubaiForeign Investment Office, U.A.E.EUMr. Pier Andrea Chevallard,PROMOS Milan, ItalySOUTH AMERICAMs. Tatyana Orozco,Pro-Barranquilla, ColombiaCENTRAL AMERICAAND THE CARIBBEANMr. Javier Chamorro Rubiales,ProNicaragua, NicaraguaNORTH AMERICAMr. Carlos Guzmán, Promexico,ProMexico, MexicoSOUTH ASIAMr. Moazzam Hussain, PBIT - PunjabBoard of Investment, PakistanEAST ASIA ANDSOUTH EAST ASIAMs. Zhang Yingxing, InvestmentPromotion Agency (CIPA), ChinaCENTRAL ASIA ANDSOUTH CAUCASUSMr. Adil Mammadov,AZPROMO, AzerbaijanOCEANIAMr. Auelau Samuelu Enari,Ministry of Commerce, Industry& Labour, SamoaEASTERN EUROPEMr. Igor Plestenjak, Public Agencyof the Republic of Slovenia forEntrepreneurship and ForeignInvestments (JAPTI), SloveniaWAIPA Annual Report 2010 41

WAIPA Annual Report 2010

IEDC - INTERNATIONAL ECONOMICDEvELOPMENT COUNCILDennis Coleman - Chairman, IEDCTel.: (704) 347 8942 / Fax: (704) 347 8981INvESTMENT CLIMATE ADvISORy SERvICES (ICAS)MULTILATERAL INvESTMENT GUARANTEE AGENCy(MIGA) - WORLD BANk GROUP;Mr. Pierre Guislain - General ManagerTel.: (1-202) 473 3800 / Fax: (1-202) 974 4384OECD - ORGANISATION FOR ECONOMIC CO-OPERATION AND DEvELOPMENTMr. Angel Gurria - Secretary-GeneralTel.: (33-1) 4524 8200 / Fax: (33-1) 4430 8500UNCTAD - UNITED NATIONS CONFERENCE ONTRADE AND DEvELOPMENTMr. Supachai Panitchpakdi - Secretary-GeneralTel.: (41-22) 917 5809 / Fax: (41-22) 917 0051UNIDO - UNITED NATIONS INDUSTRIALDEvELOPMENT ORGANIzATIONMr. Kandeh Yumkella - Director-GeneralTel.: (43-1) 26026 -0 / Fax: (43-1) 26026 69WAIPA Annual Report 2010 43

WAIPA Annual Report 2010

Geneva, August 31, 2011REPORT OF THE STATUTORY AUDITORS ON THE LIMITED STATUTORY EXAMINATION TOTHE GENERAL ASSEMBLY OF THE WORLD ASSOCIATION OF INVESTMENT PROMOTIONAGENCIES, GENEVAAs statutory auditors, we have audited the accounting records and the financial statements (balancesheet, income statement, notes) of the World Association of Investment Promotion Agencies(hereinafter “WAIPA”), Geneva, for the year ended December 31, 2010.These financial statements are the responsibility of the Steering Committee. Our responsibility is toperform a limited statutory examination on these financial statements. We confirm that we meet thelicensing and independence requirements as stipulated by Swiss law. An employee of our firm wasinvolved in the bookkeeping of WAIPA during 2010. However this employee did not participate to thelimited statutory examination of WAIPA financial statements.We conducted our examination in accordance with the Swiss Standard on the Limited StatutoryExamination. This standard requires that we plan and perform a limited statutory examination toidentify material misstatements in the financial statements. A limited statutory examination consistsprimarily of inquiries of company personnel and analytical procedures as well as detailed tests ofcompany documents as considered necessary in the circumstances. However, the testing ofoperational processes and the internal control system, as well as inquiries and further testingprocedures to detect fraud or other legal violations, are not within the scope of this examination.Based on our limited statutory examination, nothing has come to our attention that causes us tobelieve that the financial statements, disclosing accumulated reserves of USD 618’209 afterrecording a surplus for the year of USD 196’267, do not comply with Swiss law and the association’sstatutes.Yours faithfully,HORWATH BERNEY AUDIT SASerge FAVRESwiss Certified AccountantPhilippe JOERGSwiss Certified AccountantAuditor in chargeEnclosures : - financial statements (balance sheet, income statement, notes)WAIPA Annual Report 2010 45

WAIPA Annual Report 2010

AssetsCurrent assetsCash at banksInvestments in money market fundsAccounts receivablePrepaid expenses31.12.2010____________USD489’184297’03421’1143’105____________810’43731.12.2009____________USD201’898278’26656’86318’914____________555’941Fixed assetsOffice equipmentOffice furniture--____________-290667____________957Total Assets810’437____________556’898____________Liabilities and ReservesCurrent liabilitiesProvisionsAccrued liabilitiesReservesAccumulated reserves117’11575’113____________1 34’956618’209____________618’20922’115112’841____________3 3’436421’942____________421’942Total liabilities and reserves810’437____________556’898____________WAIPA Annual Report 2010 47

WAIPA Annual Report 2010

RevenuesMembership feesSponsoring for Annual ConferenceSponsoring for Pilot Phase CertificateFinancial revenues and exchange gainOther incomeExpensesStaff salaries and related costsAnnual ConferenceRegional ConferenceRegional meetingsWorkshopsPublic relation and event planning feesStaff travel expensesOffice expensesRental expensesOther expensesBank chargesExchange lossVAT non recoverablePilot Certificate Training provisionDepreciation2010____________USD481’6441’080’00095’00018’8333’989____________1’679’466459’375692’1143’638-4’961-74’40251’79639’59035’0411’56024’765-95’000957____________1’483’1992009____________USD402’517675’000-8’2492’380____________1’088’146521’80525’36216’09125’1301’828259’11945’11725’13632’58938’8182’04415’40222’115-2’300____________1’032’856Surplus for the year196’267____________55’290____________WAIPA Annual Report 2010 49

WAIPA Annual Report 2009 2010

WAIPA Annual Report 2010ArgentinaSecretariat of Promotion ofInvestments, Exports andInternational Cooperation ofProvince of Buenos AiresUndersecretariat of InternationalEconomic Relationships430 Bartolomé Mitre - 3rd floor,Buenos Aires (C1036AAH)Tel: +54 (11) 4342 9040 / 0980Fax: +54 (11) 4342 4156info@invertir.gov.arhttp://invertir.gov.ar/Investors Assistance Center,Economic Development Ministry,Buenos Aires City GovernmentRoque Sáenz Peña 832 - Piso 4 °C1035AAQCiudad Autónoma de Buenos Aires,Buenos Aires, ArgentinaTel:00 54 11 4131 59 00Tel.:00 54 11 4323 9802/03invertir@buenosaires.gob.arhttp://invertir.buenosaires.gob.arInvestment, International Tradeand Foreign Relations Agency -Chaco ProvinceMarcelo T. de Alvear No 145 - 1 Piso,3500 Resistencia - ChacoTel: +54 37 22 448087 / +54-11 4952 7505Fax: +54 37 22 430 887 / +54 11 49 531931www.aicerchaco.gov.arArmeniaArmenian Development Agency17 Charents str. Yerevan, 0025Tel: (374-10) 57 01 70Fax: (00374 10) 542272info@ada.amwww.ada.amAustraliaInvest victoriaState Government of Victoria- Department of Business andInnovation - Trade and IndustryDevelopmentLevel 36 121 Exhibition StreetMelbourne VIC 3000AUSTRALIATel: + 61 3 9651 9522Fax: +49 69 66807466info@invest.vic.gov.aufrankfurt@invest.vic.gov.auwww.invest.vic.gov.auAustralian TradeCommission (Austrade)Australian Trade Commission(Austrade), Level 23, AON Tower,201 Kent Street, Sydney NSW 2000,AustraliaTel: 02-93902795Fax: +49 69 9055 8209info@austrade.gov.auwww.austrade.gov.au

AzerbaijanAzerbaijan Export andInvestment Promotion (AzPROMO)11, Hasan Abdullayev Street,Baku AZ1001Tel: +99412 598 01 47 / 48 /49Fax:+99412 598 01 52office@azpromo.azwww.azpromo.azBahrainBahrain EconomicDevelopment Board7th, 8th, 12th, 13th floor, Seef Tower,P.O. Box 11299, ManamaTel: +973 17 589 969Fax: 973-17589900invest@bahrainedb.comwww.bahrainedb.comBangladeshBoard of Investment (BOI)Prime Minister’s Office, Jibn BimaTower (10th Floor),10 Dilkusha C/A,Dhaka 1000Tel: + 8802 716 95 80 (GEN No)Fax: +8802 956 2312 4service@boi.gov.bdwww.boi.gov.bdBarbadosBarbados Investment andDevelopment Corporation (BIDC)P.O. Box 1250, Pelican House,Princess Alice Highway, BridgetownTel: +1(246) 467-8513Fax: +1(246) 426-7802bidc@bidc.orgwww.bidc.comCaribbean Association of InvestmentPromotion Agencies (CAIPA)Mutual Building, Hastings Main Road,Christ Church, BB15154, Barbados W.I.Tel: (246) 436 0578Fax: (246) 436 9999info@carib-export.comwwww.carib-export.comInvest BarbadosTrident Insurance Financial Centre,Hasting, Christ Church, Barbados,BB15156Tel:246-626-2000Fax:246-626-2099 Dir. SandraPayne: 2031info@investbarbados.orgwww.investbarbados.orgBelarusNational InvestmentPromotion Agency1 Slavinskogo str., office 46, Minsk,220086, Republic of BelarusTel/fax +375-17 200 53 16 /mission.belarus@ties.itu.intBelgiumWallonia Foreign Trade andInvestment Agency (Belgium)Namur Office Park Avenue des dessusde Lives, 6 B-5101 LOYERS (NAMUR)Tel.: +32 81 33 28 73Fax: +32 81 33 28 69www.investinwallonia.beWAIPA Annual Report 2010 53

WAIPA Annual Report 2010BelizeBelize Trade and InvestmentDevelopment Services(BELTRAIDE)14 Orchid Garden St Belmopan CityCayo DistrictTel: 501 822 37 37Fax: 501 822 05 95beltraide@belizeinvest.org.bzwww.belizeinvest.org.bzBeninCentre de Promotion desInvestissements (CPI - BENIN)Haie Vive, rue Patisserie “Aux Delices”,imm. Àcote du Consulat de BelgiqueBP 2022 Cotonou1/ Tel: 00 229 21 303 062Fax: 00 229 21 303 057info@cpibenin.comwww.cpi-benin.orgBoliviaPromueve Bolivia (No InvestmentPromotion Anymore)Edificio Viceministerio de Comercioy Exportaciones, av. Camacho Esq.,Bueno No 1448, Piso 2Tel.: +591 2 233 6886 / +591 2 233 8084Bosnia-HerzegovinaForeign Investment PromotionAgency of Bosnia-Herzegovina (FIPA)Tesanjska 24A 71000 SarajevoTel: (387) 33 278 080Fax: (387) 33 27 80 81fipa@fipa.gov.bawww.fipa.gov.baBotswanaBotswana Export Development andInvestment Authority (BEDIA)Plot 28 Matsitama Road, P.O. Box3122, GaboroneTel: +267 318 1931Fax: +267 318 1941bedia@bedia.bwwww.bedia.co.bwBrazilBanco do NordesteCentro Administrativo PresidenteGetúlio Vargas, Av. Pecho Rramalho5700, Bloco C1 (Superior) 60732902,Fortaleza – CearáTel: +55 85 3299 -3093/3091Fax: +55 85 3299-3565atracaoinvest@bnb.gov.brclienteconsulta@bnb.gov.brwww.bnb.gov.brAgencia de Promoção deExportações e Investimentos(APEX Brasil)SBN Quadra 2 Lote 11 Ed. ApexBrasil,Brasilia, Distrito Federal 70.040-020Tel: +(55 61) 426 02 02Fax: +55 61) 3426 0257apex@apexbrasil.com.brwww.apexbrasil.com.brAD Diper Pernambuco EconomicDevelopment AgencyAv. Conselheiro Rosa e Silva nº 347 –Graças - Recife - Pernambuco BrasilCEP 52020 - 220Tel: +55 81 3181-7300Fax: +55 81 3181-7352addiper@addiper.pe.gov.brwww.addiper.pe.gov.br

Investment and CompetitivenessPromotion Agency of the State ofSão Paolo - Investe São PauloRua Bela Cintra, 847, 6th Floor –Consolação, 01415-903, São Paulo Brazil2.Tel: +55 11 3218 6061Fax: +55 11 3218 5685www.investe.sp.gov.brInstituto de DesenvolvimentoIntegrado de Minas GeraisCiudade Administrative de MinasGerais, Av. Prefeito Americo GianettiS/N, - 2º andar Ed. Minas, 31.630.900- Belo HorizonteTel: +55 31 3207 20 80Fax: (31) 3207-2085lery.eduardo@indi.mg.gov.brwww.indi.mg.gov.brSuperintendencia de zona Francade Manaus- SUFRAMAAv. Ministro Mario Andreazza, 1424Distrito Industrial, CEP. 69075-830Manaus AmazonasTel: (55-92) 3321 72 53/7272Fax: (55-92) 3237 3769cogex@suframa.gov.brwww.suframa.gov.brBulgaryInvestBulgaria Agency31 Aksakov Street, 1000 SofiaTel: (+359 2) 985-5500Fax: (+359 2) 980-1320iba@investbg.government.bgwww.investbg.government.bgCameroonInvestment PromotionAgency of Cameroon3rd floor ex-ONCPB Building, BonanjoDouala P.O. Box 15304 DoualaTel: 237 33 42 59 46Fax: 237 33 43 30 08cgci2000@yahoo.comsite en construction, pas d’adressepour le momentCanadaInvest in CanadaGovernment of Canada Foreign Affairsand International Trade Canada 111Sussex Drive, S3-025Ottawa, Ontario K1A 1J1Tel: (1-613) 944 31 57Fax: (1-613) 944 31 78investincanada@international.gc.cawww.investincanada.gc.cawww.investiraucanada.gc.caCape VerdeAgencia Caoverdeana dePromoçao de Investimentos (CI)Rotunda da Cruz do Papa, nº5, CPnº89-C/ASA, Praia Cabo VerdeTel: 00 238 260 41 14Fax: 00 238 262 26 57ci@cvinvest.cvwww.worldtourismdirectory.comWAIPA Annual Report 2010 55

WAIPA Annual Report 2010Cayman IslandsCayman Island Investment BureauCayman Corporate Centre, 27 HospitalRd. 1st Floor, Georgetown (PO Box10087) PO KY1-1001 Grand Cayman,Cayman IslandsTel: (345) 945-0943Fax: (345) 945-0941info@investcayman.gov.kywww.investcayman.kyChileCORFO: INvESTCHILEAv. Moneda 921, P.C.8320250 SantiagoTel: (562) 691 86 22Fax: (562) 698 10 39www.investchile.comChinaFuzhou Hollytech Informatics Co.,LTD (Helosina) ASSOCIATEDMEMBERRM 712, 7th Floor, Foreign TradeBuilding, Wusi Road, Fuzhou, Fujian,35001 ChinaTel: 00 86 591 28 36 50 25Fax: 00 86 59128365027www.helosina.comMacao Trade and InvestmentPromotion Institute (IPIM)No. 918 Avenida da Amizade, WorldTrade Centre, 3º andar, MacauTel:(853) 287 10 300Fax: (853) 287 82 797ipim@ipim.gov.mowww.ipim.gov.moChina, People Republic ofInvestment Promotion Agency (CIPA)Ministry of Commerce (MOFCOM)No.82 Donganmen Street Beijing,China (100747)Tel: +86 10 85 22 65 09Fax: +86 10 85 22 65 58service@fdi.gov.cnwww.fdi.gov.cnSinoinvest ConsultingASSOCIATED MEMBERRm1504, Fude Plaza (North tower),1688 North Sichuan Rd. Shanghai2000080Tel: +86 21 6309 5371 / 2Fax: +86 21 6309 5373info@sinoinvest.hkwww.sinoinvest.hkColombiaPROBARRANQUILLACalle 77B / 57, 141 Office 305,Centro Empresarial de Las AmericasBarranquillaTel:(+57 5) 3561435Fax: (+57 5) 3565551info@probarranquuilla.orgwww.probarranquilla.orgProExportCalle 28 No. 13A -15, Piso 35, BogotáTel: 571-5600100 ext. 2007Fax: 571 3410 520asuarez@proexport.com.cogruiz@proexport.com.corrodriguez@proexport.com.cowww.proexport.com.co

WAIPA Annual Report 2010 2009Curacao (NetherlandsAntilles)Curacao Industrial and InternationalTrade Development Company(CURINDE)Emancipatie Blvd 7 LandhuisKoningsplein, CuraçaoTel: (599-9) 737-6000Fax: (599-9) 737-1336info@curinde.comwww.curinde.comCyprusCyprus Investment PromotionAgency (CIPA)Severis Building, 9 Makariou III AvenueLefkosia (P.O.Box 27032), 1641NicosiaTel: (357) 22-441133Fax: (357) 22-441134info@cipa.org.cywww.cipa.org.cyCzech RepublicCzechInvest - Investment andBusiness promotion agencyStepanska 15, 120 00 PRAHA 2Tel: (420) 296 342 504Fax: (420) 724 084 593folo@czechinvest.orgwww.czechinvest.orgDjiboutiDjibouti Portsand Free zonesAuthority (DPFzA)P.O. Box 197, DjiboutiTel: +253 35 90 70Fax: +253 35 90 59zfd@intnet.djDjiboutiAgence nationale pour la promotiondes investissements (ANPI) /National Investment PromotionAgencyRue de Marseilles BP:1884 DjiboutiTel: (253) 31 21 02Fax: (253) 35 88 37anpi@intnet.djwww.djiboutinvest.djDominicaInvest Domenica Authority1st Floor Financial Centre, (P.O. Box293) RoseauTel: 1(767) 448 2045Fax: +17674485840info@investdominica.dmwww.investdominica.dmDominican RepublicCenter for Export and Investment ofthe Dominican Republic (CEI-RD)Plaza de la Bandera, Santo Domingo,D.N. República DominicanaTel. (+1809) 530-5505Fax (+1809) 530-8208webmaster@cei-rd.gov.dowww.cei-rd.gov.doEcuadorInvest EcuadorCoordinating Ministry for Production,Employment and Competitiveness, Av. Coruña E25-58 y San Ignacio,Edificio Altana Plaza, piso 4, QuitoTel : +593 2 381 5600investecuador@mcpec.gob.ecwww.investecuador.ec

Corporación de Promoción deExportaciones e Inversiones(CORPEI) e2 Invest Ecuador(practical purposes and for allactivities related to InvestmentPromotion) (BECAME A PRIVATECONSULTANCY ORGANISATION)Coruña (entre 12 de Octubre y SanIgnacio), Edif. Altana Plaza, Piso 4, Quito1/ +593 04 22 87 123 / 203Fax: +593-2-323 02 51corpei@corpei.org.ecwww.investecuador.gov.ecAgencia de Promocion deInversiones de Manabi -INvESTMANABIOlmedo y Cordova, Edificio LaPrevisora - Piso 6, Oficina 60Tel.: +593 5 263 08 51Fax: +593 5 263 11 52ccenteno@investmanabi.comwww.investmanabi.comCorporacion de Inversiones INvECAv. Federico Malo y Av. 12 de Abril,Cuenca - EcuadorTel.:+5937 2841 669Fax:+5937 2842 772 ext. 226comunicacion@invec.ecwww.invec.ecEgyptGeneral Authority for Investment &Free zones GAFI3 Salah Salem Road, Fairgrounds,Nasr City, Cairo 11562Tel: 202 22633485Fax: 202 24055434/452investorservices@gafinet.orginvestorcare@gafinet.orgwww.gafinet.orgCOMESA Regional InvestmentAgency ASSOCIATED MEMBER3 Salah Salem Road, Fairground, NasrCity, Cairo 11562Fax: +202 22633751Tel: +202 22633485investorservices@gafinet.orginvestorcare@gafinet.orgwww.gafinet.orgEl SalvadorCONADEI-PROESA ComisionNacional de Promocion deInversionesBlvd. Orden de Malta,Edificio D´Cora 1er Nivel UrbanozacionSanta Elena, Antiguo Cuscatlan, LaLibertadTel: (503) 2210-2500 / 2549Fax: +503 2210 2520info@proesa.com.svwww.proesa.com.svEstoniaEstonian Investment and Trade AgencyLiivalaia 13/15 10118 TallinnTel: + 372 6 279 700Fax: + 372 6 279 701invest@eas.eewww.investinestonia.comEthiopiaEthiopian Investment Agency (EIA)P.O. Box 2313 Addis AbabaTel: +251 11 553 94 74Fax: +251 11 552 43 96help@ethiomarket.comwww.ethiomarket.comWAIPA Annual Report 2010 59

WAIPA Annual Report 2010Faroe IslandsMinistry of Economy and FinanceInvest in FaroesTinganes, Postboks 377, FO 110TorshavnTel. +298 55 60 90vmr@vmr.fowww.vmr.fowww.invest.foFijiFiji Islands Trade & InvestmentBureau (FITIB)6th Floor, Civic Tower, Victoria Parade,Suva PO Box 2303 GovernmentBuildings, SuvaTel.: +679 331 1404Fax: +(679) 330 1783info@ftib.org.fjwww.ftib.org.fjFinlandInvest in FinlandKaivokatu 8, 6th floor FIN-00100HelsinkiTel: 358 10 773 0300Fax: 358 10 773 0301info@investinfinland.fiwww.investinfinland.fiFranceInvest in France77, boulevard Saint-Jacques75014 ParisTel: (33) 1 40 74 73 95Fax: (33) 1 40 74 73 26info@investinfrance.orgwww.investinfrance.orgIBT Partners ASSOCIATED MEMBER17 rue du Colisée, 75008 ParisTél : +33 (0)1 56 88 29 00Fax : +33 (0)1 56 88 29 01contact@ibtpartners.comwww.ibtpartners.frFrench PolynesiaInvestment Promotion AuthorityTHAITI INvEST - THAITI FILMOFFICEPresidence de la Polynesie Francaise- 1er etage - Immeuble D - QuartierBroche - PO BOX 504 – 98713PapeeteTel: (+689) 54 32 54 / 47 22 20Fax: (+689) 54 32 55 /47 22 21invest@tahiti-invest.comwww.tahiti-invest.comwww.tahiti-film.orgGabonAgence de Promotion desInvestissements Privés (APIP)BP : 13.740 Libreville – GabonTél. : (241) 76.87.65Fax : (241) 76.87.64GambiaGambia Investment and ExportPromotion Agency (GIEPA)GIPFZA House, 48 Kairaba Avenue,Serre Kunda, P.O. Box 757 - BanjulTel: +220 437 76 18Fax: (+220) 437 73 79info@giepa.gmwww.giepa.gm

GeorgiaGeorgian National Investment Agency12 Chanturia str. 0108 Tbilisi GeorgiaTel: 995 321 063 92 (2)Fax: (995-32) 37 27 54info@investingeorgia.orgenquiry@investingoeorgia.orgwww.investingeorgia.orgGermanyGermany Trade & InvestFriedrichstraße 60 10117 BerlinTel: 49 30 200 099-101Fax: 49 30 200 099-501info@invest-in-germany.comwww.invest-in-germany.comGhanaGhana Investment PromotionCentre (GIPC)P.O.Box DTD 204, Cantoments, Accra.Tel: +233 21 521238 to 9Fax: +233-21-506 208info@gipcghana.comwww.gipc.org.ghGreeceInvest in Greece Agency3 Mitropoleos Street Athens 105 57Tel :+30 210 335 5700Fax: +30 210 335 5743www.investingreece.gov.grGuatemalaInvest in Guatemala theysay they are not Member10 Calle 3-17 Z. 10 EdificioAseguradora General 4to. Nivel,Guatemala, Guatemala CiudadTel: (502) 2421 2484Fax: (502) 2421 2480bpo@investinguatemala.orgwww.investinguatemala.orgGuineaOffice de Promotion desInvestissements Privés (OPIP)Ministere de Commerce, d’Industryet de PME or B.P. 2024, Conakry,République de GuinéeTel.: +224 30 41 14Fax: + 224 41 39 90www.mirinet.comGuyanaGuyana Office for Investment(GO-INvEST)190 Camp and Church StreetsGeorgetownTel: +592 225 0658Fax: +592 225 0655goinvest@goinvest.gov.gywww.goinvest.gov.gyWAIPA Annual Report 2010 61

WAIPA Annual Report 2010GuyanaLinden Economic AdvancementProgramme97/98 Republic Avenue, MackenzieLindenTel: 592-444-4057Fax: 592-444-4044gloria.daniels@leapguyana.orgwww.leapguyana.orgHaitiCentre de Facilitation desInvestissements (CFI)28 rue Legitime, Champs de Mars,P.O. Box 167, Port au PrinceTel: 00 509 3526 7159HondurasFoundation for Investment andDevelopment of Exports (FIDE)Colonia La Estancia, Final del Blvd.Morazán, 1 cuadra al sur de PlazaMarte, Tegucigalpa, MDC, P.O. Box2029, TegucigalpaTel: (504) 221-6303Fax: (504) 221-6316hondurascompite@fidehonduras.comwww.hondurasinfo.hnHong Kong, ChinaInvestHkThe Government of the Hong KongSpecial Administrative Region, 15/F, OnePacific Place, Queensway, Hong KongTel: (852) 3107 1000Fax: (852) 3107 9007enq@InvestHK.gov.hkwww.investhk.gov.hkHungaryITD HungaryThe Hungarian Investment andTrade Development Agency(IN TRANSITION)H-1061 Budapest Andrássy str. 12.Budapest or P.O. Box 222, 1368Budapest 5Tel: 36 1 472 81 72Fax: 36-1-472-8171info@itd.huwww.itd.huIcelandInvest in Iceland AgencyBorgartuni 35,IS-105 ReykjavíkTel: 354 561 5200Fax: 354 511 4040info@invest.iswww.invest.isIndiaInvestment Promotion andInternational Cooperation CellDept. Of Industrial Policy andPromotion, Ministry of Commerce andIndustry Udyog Bhawan,New Delhi 110011Tel: 91 11-23061222Fax : 91 11-23062626http://dipp.nic.in/India Brand Equity Foundation (c/oConfederation of Indian Industry)Plot No: 249- F, Sector-18, Udyog,Vihar, Phase IV Gurgaon 122015HaryanaTel: + 91 124 401 4087Fax:+ 91 124 401 3864www.ibef.org

Matrubhoomi Group ASSOCIATEDMEMBERHQ-M/102, Yashraj Park,Kasarvadavali, Ghodbundar Rd. ThaneWest, Maharastra, MS INDIATel.: +91 233 262 00 90Fax: +91 233 232 3494mtrubhoomingo@gmail.comwww.matrubhoomigroup.comIndonesiaIndonesian InvestmentCoordinating Board BkPMJl. Jend.Gatot Subroto No. 44 Jakarta 12190Tel: 62-21 - 529 21 305Fax: 62-21 - 520 20 45indomo@bkpm.go.idwww.bkpm.go.idIran(Islamic Republic of)Organization for Investment,Economic and Technical Assistanceof Iran (OIETAI)15 Kwordat Sq. Davar Ave. Tehran,Iran P.O. Box: 11365/4618Tel.: +9821 39903468Fax: +9821 33967864info@investiniran.irwww.investiniran.irIraqIraq NationalInvestment CommissionBagdad - IraqTel.: +964 790 1970 107promotion@investpromo.gov.iqwww.investpromo.gov.iqIrelandIndustrial Development Agency ofIreland (IDA Ireland)Wilton Park House, Wilton Place,Dublin 2Tel: +353 (0) 1 603 4000Fax: +353 (0) 1 603 4040idaireland@ida.iewww.idaireland.comIsraelInvestment Promotion CentreMinistry of Industry, Trade & Labor 5,Bank Israel St. Jerusalem 91036Tel: 972-2-6662610/07Fax: 972-2-6662938www.investinisrael.gov.ilItalyBusiness Location Südtirol -AltoAdige (BLS)Via Alto Adige 58 I-39100Bolzano (Italy)1/Tel: +39 0471 066600Fax: +39 0471 062852service@bls.infowww.bls.infoThe National Agency for InwardInvestment Promotion andEnterprise Development INvITALIAVia Calabria 4600187 RomaTel: (39-06) 421601/4210438Fax: (39-06) 42160537info@invitalia.itwww.sviluppoitalia.itWAIPA Annual Report 2010 63

WAIPA Annual Report 2010Italian Institute for Foreign Trade (ICE)ICE, Istituto nazionale CommercioEstero) Via Liszt, 21 - 00144 RomeTel: 0039 06 59921Fax: 0039 06 59647382cooperazione@ice.itwww.ice.gov.itPROMOS, Special Agency of theMilan Chamber of Commerce forinternational activitiesVia Camperio 1, 20123 MilanTel: +39028515.5214 or 5881Fax +39028515.5227 or 5864infopromos@mi.camcom.itwww.promositaly.com www.investinmilan.comJamaicaJamaica Trade and Invest (JAMPRO)18 Trafalgar Road Kingston 10,Jamaica W.I.1/Tel: 1 876 978 7755Fax: 1 876-946-0090info@jti.org.jmwww.jamaicatradeandinvest.orgJapanJapan ExternalTrade Organization (JETRO)Ark Mori Building, 7F, 12-32, Akasaka1-chome, Minato-ku, Tokyo, 107-6006Tel: 81-3-3582-5234Fax: 81-3-3505-1990www.jetro.go.jpJordanAqaba Special Economiczone AuthorityBusiness Development & MarketingOffice P.O.Box : 2565 Aqaba,77110 JordanTel : +962 3 209 1000Fax : +962 3 203 0912info@aseza.jowww.aqabazone.comJordan Investment BoardP.O.Box: 893, Postal code: Amman11821 JordanTel: (962-6)5608400info@jib.com.jowww.jordaninvestment.comJordan Industrial EstatesCorporation (JIEC)P.O Box 17 Abdullah IIIndustrial Estate,11512, Amman-Sahab /JordanTel: +962 6 4022101/2/3Fax: +962 6 4028211info@jiec.com.jowww.jiec.comKazakhstanNational Export & InvestmentAgency kAzNEX INvESTMinistry of Industry and NewTechnologies of the Republic ofKazachstan - 25 Sygamak Str. -“Ansar” business centre- Astana,010000Tel.:+7 (7172) 79 93 93info@kaznexinvest.kzwww.kaznexinvest.kz

Kenyakenya Investment Authority4rd Floor, Block D, Kenya RailwaysHeadquarters, Workshops Road (offHaile Selassi Ave.), P.O. Box 55704-00200 City Square, NairobiTel: (254) (20) 2221401 - 4,Fax: (254) 722 205 424info@investmentkenya.comwww.investmentkenya.comExport Processing zonesAuthority (EPzA)Administration Building,ViwandaRoad Off Nairobi, Athi River ExportProcessing Zone, off Nairobi-NamangaHighway, Athi River, Kenya, P.O. Box50563, Nairobi 00200Tel +254-45- 26421-6Fax +254-45-26427info@epzakenya.comwww.epzakenya.comKiribatiForeign InvestmentPromotion DivisionMinistry of Commerce, Industry &Cooperatives P.O. Box 510, Betio,TarawaTel: (686) 26 157/8Fax: (686) 26 233enquiry@mcic.gov.kiwww.mcic.gov.kiKorea (Republic of)korea Trade-Investment PromotionAgency (kOTRA)6th fl. Kotra Bldg. 300-9, Yomgok-dong,Seocho-gu, SeoulTel : 82-2-3460-7114Fax : 82-2-3460-7777~8digitalkotra@kotra.or.krhttp://english.kotra.or.kr/Korea (Republic of)Busan-Jinhae Free Economic zoneAuthorityNoksansaneop 16 Gil 151(1709 2, Songjeong-dong)Gangseo-gu, Busan 6918-270, KoreaTel: + 82 51 979 5000Fax: + 85 51 979 5299Webmaster@bjfez.nethttp://eng.bjfez.net/KosovoInvestment Promotion Agency ofkosovo (IPAk)Ministry of trade and IndustryRr. Muharrem Fejza”p.n Lagja e Spitalit10000 Prishtinë, Republic of kosovoTel: +381 38 200 36044Fax:+381 (0) 38 212 807info@invest-ks.orginfo@ipak-vienna.orgwww.invest-ks.orgWAIPA Annual Report 2010 65

WAIPA Annual Report 2010KuwaitThe Arab Investment & Export CreditGuarantee Corporation “Dhaman”The Arab Organizations HeadquartersBuildingP.O BOX 23568, Safat 13096, State ofKuwaitTel: +965 24959555 / 000Fax: +965 24959596 / 7operations@dhaman.org info@dhaman.orgwww.dhaman.orgkuwait ForeignInvestment Bureau (kFIB)Khaled ben Alwaleed Street, Shareq, AlMadeena Tower, Floor 16, Kuwait City1/ Tel: (965) 2224 07 44Fax:(965) 2224 07 773info@kuwaitfib.comwww.KFIB.com.kwKyrgyzstanInvestment Promotion CenterMinistra of Economic RegulationTel.:+996 312 62 05 90aliev@mert.kgwww.kyrgyzinvest.comLatviaInvestment and DevelopmentAgency of Latvia (LIAA)2 Pērses Street, Riga, LV-1442Tel: +371 67039400Fax: +371 67039401liaa@liaa.gov.lvwww.liaa.gov.lvLebanonInvestment Development Authorityof Lebanon - IDALAzarieh Tower 4th Floor, Emir BachirStr Riad El Solh, P.O.Box 113-7251,BeirutTel: 961 (1) 983 306-9Fax: 961 (1) 983 302-3mail@idal.com.lbwww.idal.com.lbLesothoLesotho Tourism DevelopmentCorporation (LTDC)P.O. Box 1378. Maseru 100. LesothoSouthern AfricaTel: +266 22312238Fax: +266 22310189ltdc@ltdc.org.lsce@ltdc.org.lswww.ltdc.org.lsLesotho National DevelopmentCorporation (LNDC)Block A - Development House- Kingway Street - P/BAG A96,MASERU, LESOTHO. 100Tel: (266-2) 2231 0038Fax: (266-2) 2231 0038info@lndc.org.lsipc@lndc.org.lswww.lndc.org.lsLibyaLibyan ForeignInvestment Board (LFIB)Anter Ben Shaddad Street, TripoliTel: (218-21) 33345018Fax: (218-21) 361 79 18investinlibya@libyamail.netinfo@investinlibya.comwww.investinlibya.com

LithuaniaInvest Lithuania (former LDA)Jogailos Str. g. 4, 01116 Vilnius,LithuaniaTel.(+370 5) 262 7438Fax (+370 5) 212 0160 / +370 5 272 65 541/ Tel: (+370 5) 262 74382/ Tel: (+370 5) 219 43414+3/ Tel: (+370 5) 219 43105/Tel:(+370 52 649 070info@investlithuania.comwww.investlithuania.comMadagascarEconomic Development Board ofMadagascar (EDBM)Immeuble EDBM, Avenue GeneralRAMANANTSOA, Antaninarenina, 101ANTANANARIVOTél : (+261) 20 22 670 40Fax: (+261) 20 22 661 05edbm@edbm.mgcontact@edbm.mgwww.edbm.gov.mgMalawiMalawi InvestmentPromotion Agency (MIPA)Lilongwe OfficeAquarius House – First floor PrivateBag 302, Capital City, Lilongwe 3Blantyre Office Unit House – FourthFloor Private Bag 131, BlantyreTel : (265) 1 770 800 / 771 315Fax: (265) 1 771 781Lilongwe Officemipa@mipamw.orgBlantyre Officemipabt@mipamw.orgwww.malawi-invest.netMalaysiaMalaysian IndustrialDevelopment Authority (MIDA)Plaza Sentral, Jalan Stesen Sentral 550470 Kuala LumpurTel : +603 22673602Fax +603 227 479 70promotion@mida.gov.myinvestmalaysia@mida.gov.mywww.mida.gov.myMalaysiaSelangor State InvestmentCentre (SSIC)No F1-2-Jalan Multimedia 716 -i-city Park, i-City, 40000 Shah Alan,Selangor Darul EhsanTel:,603-55112008Fax : 603-55196403info@ssic.com.mywww.ssic.com.mykulim TechnologyPark Corp. Sdn BhdSuite 3.01 - 3.02, 3rd Floor KHTPBusiness Centre, Kulim Hi-Tech Park,09000 Kulim, Kedah Darul AmanTel: (6)04 403 2420Fax: (6)04 403 1973promotion@khtp.com.mymarketing@khtp.com.mywww.khtp.com.myCorridor Development Corporation BHDLevel 13, Wisma Sin Heap Lee (SHL)no 346, Jalan Tun Razak 50400KualaLumpurTel. 603-21635736Fax 603-21635739cdcbhd‗msia@yahoo.comwww.cdc-msia.com.myWAIPA Annual Report 2010 67

WAIPA Annual Report 2010MalaysiaMelaka State Investment CentreBerhad (MSIC)Invest MelakaLevel 3, MITC Tower, MelakaInternational Trade Center, 75450 AyerKeroh, MelakaMob: +606196220808Fax: +6062312227admin@msic.com.mywww.msic.com.myMaldivesInvest MaldivesMinistry of Economic Development+rst Floor BoduthakurufaanuMagu 20-25Office: (+960) 3324767Fax: (+960) 3322528info@investmaldives.orgwww.investmaldives.orgMaliAgence pour la Promotion desInvestissements au Mali (API-MALI)Ex Immeuble Air Afrique - Quartier duFleuveBP:1980 - BamakoTel: +223 20 22 95 25 / + 223 20 22 9526 /20220548 / 20228175Fax: + 223 20 22 95 27Mob Ms Traore +20236570203info@cnpi-mali.orgwww.apimali.gov.mlMaltaMalta Enterprise CorporationIndustrial Estate, San Gwann, SGN 09PO Box 08 MaltaTel: +356 2542 0000Fax: +356 2542 3407info@maltaenterprise.comwww.maltaenterprise.comMauritaniaCommissariat à la Promotiondes investissements (Invest inMauritania)Commissariat à la Promotion desinvestissements, rue Gamal Abd.Nacer - B.P 238. Nktt-MauritanieTél : 00 222 525 07 55Fax : 00 222 525 43 56cpi@investinnaurita.gov.mrcpi@economie.gov.mrwww.investinmauritania.gov.mrMauritiusBoard of Investment of MauritiusLevel 10, One Cathedral SquareBuilding, 16 Jules KoenigStreet, Port LouisTel : +230 203 3800Fax : +230 208 2924contact@investmauritius.comwww.boimauritius.com

MexicoIndustrial DevelopmentCommission of MexicaliMexico: Reforma N°1087 Mexicali,Baja California, CP 21 100USA: PMB 6343233 Paulin Ave.Calexico, CA. 92231-2446Tel: +52 (686) 552 66 10Fax: +52 (686) 552 57 30cmpaso@mipamw.orginfo@mexicaliindustrial.comwww.mexicaliindustrial.comProMexicoCamino a Santa Teresa No. 1679, Col.Jardines del Pedregal, Del. ÁlvaroObregón, CP 01900, México D.FEuropean Office: Regional DivisionEurope 2 in Frankfurt, Wilhelm-Leuschner Str. 23, 60329 Frankfurt,GermanyFax: (+49) 69 97269811www.promexico.gob.mxSecretaría de Promoción Económicadel Estado de Jalisco - SEPROECalle López Cotilla # 1505 - Piso8 Col. Americana C.P. 44140Guadalajara JaliscoTel: + 52 (33) 3030 2000 / +52 (33)3678 2000damaso.barragan@jalisco.gob.mxhttp://seproe.jalisco.gob.mx/Moldova(Republic of)Moldovan Export PromotionOrganization (MEPO)(wish to discontinue the membershipfrom 2010 - will discuss with Mr.Bronzatto at Study Tour in Warsowearly September 2011) 65, AlexeMateevici street, Chişinău, Republic ofMoldovaTel: +373 22 27 36 54Fax: +373 22 22 43 10office@miepo.mdwww.miepo.mdMongoliaForeign Investment and ForeignTrade Agency (FIFTA)Government building, Sambuu Street11, Ulaanbaatar 211238Tel: (+976-11)-326040Fax: (+976-11)-324076fifta@investmongolia.comwww.investmongolia.comMontenegroMontenegrin Investment PromotionAgency (MIPA)Jovana Tomasevica 2ª, 81000PodgoricaTel: (+382 20) 203 141, 203 140Fax: + 382 20 203 141info@mipa.co mewww.mipa.co.meWAIPA Annual Report 2010 69

WAIPA Annual Report 2010MoroccoAgency for Promotion Economicand Social Development of theMoroccan Oriental RegionAgence de l’Oriental 12, Rue MekkiBitaouri – Souissi Rabat - Maroc1/ Tél.: +212 537 633 402Fax : +212 537 753 020info@oriental.mewww.oriental.maAgence Marocaine de Developmentdes Investissements (AMDI)32, rue Honnaine angle rue Michlifen -Agdal - RabatTel : +(212) 537-67-33-75Fax 537 22 64 00directiongenerale@invest.gov.mawww.invest.gov.maRegional Centre for Investment inGreater Casablanca60, Avenue Hassan II 20000 -CasablancaTel : +212 37673420/3506infos@casainvest.mawww.casainvest.maNamibiaNamibia Investment Centre (NIC)P/Bag 13340, Windhoek, 9000NAMIBIATel: +264 61 2837335Fax: +264 61 220278www.grnnet.gov.nawww.mti.gov.naNepalForeign Investment PromotionAgency of Nepal (FIPAN)25908 Kathmandu NepalTel: 977-1-4387416info@investmentinnepal.comwww.investmentinnepal.npNetherlandsNetherlands Foreign InvestmentAgencyJulian van Stolberglaan 148, DenHaag, PO Box 20105, 2500 EC DenHaagTel: +31 70 379 8818Fax: +31 70 379 6322info@nfia.nlwww.nfia.nlSouthern African - NetherlandsChamber of CommerceSANEC Johannesburg, 1st Floor, TheBridle Building, 38 Wierda Road West,Wierda Valley, Sandton, 2196SANEC The Netherlands, Juliana vanStolberglaan 148, 2595 CL The Hague,The NetherlandsTel: +27 (0) 11 263 5800Fax: +27 (0) 11 263 5811info@sanec.co.zawww.sanec.orgwww.sanec.co.zaNetherlandsWest-Holland Foreign InvestmentAgency (WFIA)Koninginnegracht 8, 2514 AA,The HagueTel: +31703115555info@westholland.nlwww.westholland.nl

New ZealandNew zealand Trade and EnterprisePO Box 8680 Symonds Street,AucklandTel: +64 9 354 9038/47Fax: +64 9 354 9208invregcontacts@nzte.govt.nzwww.nzte.govt.nzNicaraguaProNicaraguaKm. 4 ½ carretera a Masaya, DelRestaurante Tip Top los Robles, 1 c aloeste - Frente al Hotel Casa Naranja -Managua1/ Tel.: +505 2 227 06 400Fax: + (505) 2 227 73 299info@pronicaragua.org.niwww.pronicaragua.org.niNigerCentre de Promotion desInvestissements (CPI)Chambre de Commerce d’Agriculture,d’Industrie et d’Atisanat du Niger. Placede la Concertation, BP 209 NiameyTél. : +227 20 73 25 73Fax : +227 20 73 46 68contact@investir-au-niger.orgwww.investir-au-niger.comNigeriaNigerian Investment PromotionCommission (NIPC)Plot 1181 Aguiyi Ironsi Street MaitamaDistrict, P.M.B. 381 Garki AbujaTel: +234-9-290 4706Fax:+234-9-4134112nipc@nipc.gov.ngwww.nipc.gov.ngNigeriaCross River State InvestmentPromotion Bureau5th Floor, Okoi Arikpo House, CalabarRoad, Calabar Cross River StateTel: (243) 803 730 20 41www.crossriverstate.gov.ngResman Associates LTDASSOCIATED MEMBER24, Oyekan Road, Apapa. P.O Box4174, Apapa, LagosTel:+234 (0)-1-5452833Fax:+234 (0)-1-5452833info@resmanassociates.comhttp://resmanassociates.comPanamaAgencia de Promocion deInversiones y ExportacionesPROINvEXMinistry of Commerce & Industries -Vice-Ministry of Foreign Trade - Ave.Ricardo J. Alfaro - Edisson PlazaBuilding - 3rd FloorTel.:00507 560 0655agencia@mici.gob.pawww.mici.gob.paPakistanPunjab Board of Investment and Trade(PBIT) NEW MEMBER 201023 Aikman Road, GOR 1, LahorePakistanTel: +9242 9920 5201-6Fax: +9242 99205177www.pbit.gop.pkWAIPA Annual Report 2010 71

WAIPA Annual Report 2010Sindh Board of Investment NEWMEMBER 2010108 - F, Block 2, P.E.C.H.S., KarachiTel.: +9221 343 00 971 - 3Fax: +9221 34300974info@sbi.gos.pkwww.sbi.gos.pkBoard of Investment (BOI)Ataturk Avenue,Sector G.5/1, Islamabad.1/ Tel: +92-51-9235716/ 921 00 64Fax: +92-51-9218323secretary@pakboi.gov.pkwww.pakboi.gov.pkPalestineNational AuthorityPalestinian Investment PromotionAgency (PIPA)P.O. Box 1984, RamallahTel: 00970 2 2988791 or 2Fax: 00970 2 2988793info@pipa.gov.pswww.pipa.gov.psPapua New GuineaInvestment Promotion Authority (IPA)Port Moresby – HQ PO Box 5053,BOROKO, National Capital District,Port MoresbyRegional Office, 3rd Floor VeleRumana, PO Box 1074, LAE, MorobeProvinceTel: (675) 321 7311 / 675 308 44 44ipa@ipa.gov.pgwww.ipa.gov.pgParaguayREDIEX Red de Inversiones yExportacionesInvestment Promotion Division, Av.Mariscal López 3333 c/ Dr. Weiss .Villa Morra, Asunción1/ Tel:595 21 61630282/ Tel:595 21 6163264info@rediex.gov.pywww.rediex.gov.pyPeruProInversiónSede Principal, Paseo de la República3361 - Piso 9 San Isidro Lima 27Tel:(51-1) 612-1200Fax:(51-1) 221-2941contact@proinversion.gob.pewww.proinversion.gob.pePolandPolish Information and ForeignInvestment Agency (PAIiIz)Bagatela Street 12, 00-858 WarsawTel.: +48 22 334 9871Fax: +48 22 334 9889invest@paiz.gov.plpost@paiz.gov.plwww.paiz.gov.plPortugalInvest in Azores Agency (APIA)Avenida Príncipe do Mónaco, 6, 1ºEsq. 9500-237 Ponta DelgadaTel: +351 296 308 800Fax: + 351 296 308 809apia@investinazores.comwww.investinazores.com

AICEP (Agencia para o Investimentoe Comercio Externo de Portugal)Business Development AgencyAICEP Global Portugal, Av. 5 deOutubro, 101, 1050-051 LisboaTel.: +351 22 605 530Fax: +351 217 96 53 65aicep@portugalglobal.ptwww.portugalglobal.ptQatar (State of)Qatar Investment PromotionDepartmentInvestment Promotion Department,Ministry of Business & Trade, P.OBOX:22699, DohaTel: + 974 (4945522)Fax: + 974 (4933054)ipd@mec.gov.qawww.investinqatar.com.qawww.mbt.gov.qaRomaniaRomanian Center for Trade andInvestmentAplodor Street nr. 17, District 5,050741 Bucharest, RomaniaTel: +40 21 318 50 50Fax: +40 21 311 14 91office@traderom.rowww.traderom.roRussian FederationNorth-West Development andInvestment Promotion Agency191180 St. Petersbourg, Dzhambulaper. 12-ATel:+7 (812) 622-14-87Fax:+7 (812) 622-18-25info@investa.spb.ruwww.investa.spb.ruNational Agency for DirectInvestment (NADI)Staraya Place 10/4,Moscow 103070, RussiaTel: +7 495 606 05 04Fax: +7 495 606 70 31napi@napi.ruwww.napi.ruRwandaRwanda Development Board (RDB)Girhushu Nyarutarama Road, P.O. Box6239, KigaliTel: (+250) 252 580 804info@rdb.rwwww.rdb.rwSt. KittsSt. kitts InvestmentPromotion Agency (SkIPA)(NEW MEMBER 2010)CAP Southwell Industrial Site, P.O. Box1433, Basseterre, St. Kitts W.I.Tel: +869 465 1153Fax: +869 465 1154info@stkittsipa.orgwww.stkittsipa.orgSaint Kitts and NevisNevis InvestmentPromotion Agency (NIPA)Development & Marketing Department,P O Box 882 Rams Complex, StoneyGrove, NevisTel: 1 (869) 469-0038Fax: 1 (869) 469-0039info@nevisfinance.comwww.nevisfinance.comWAIPA Annual Report 2010 73

WAIPA Annual Report 2010Saint LuciaNational Development CorporationP.O. Box 495, Castries,St. Lucia, West IndiesTel: (758) 452-3614Fax: (758) 452-1841devcorp@candw.lcwww.stluciandc.comSaint Vincent andthe GrenadinesInvest SvG2nd Floor Administrative Building ,VC0100 Bay Street, PO Box 2442KingstownTel: 784-457-2159Fax: 784-457-2943info@investsvg.comwww.investsvg.comSamoaMinistry of Commerce,Industry & LabourMinistry of Commerce, Industry andLabour, Level 4, PO Box 862, ACBHouse, ApiaTel: +685 20441Fax: +685 20443mpal@mcil.gov.wswww.mcil.gov.wsSaudi ArabiaSaudi Arabia General InvestmentAuthority (SAGIA)Imam Saud Bin Abdul Aziz Road(University Road) 11432 RiyadhTel: (966 -2) 653 9510info@sagia.gov.sawww.sagia.gov.sawww.investinsaudi.comSaudi ArabiaRoyal Commissionfor Jubail and yanbuJubail Industrial area, 31961Jubail P.O.Box 5964, Riyadh 11432Tel.: (966 12) 03 555Fax: +966 1 4793471www.rcjy.gov.saSenegalInvestment Promotion and MajorWorks Agency (APIX)52 - 54 Rue Mohamed V - BP 430 CP18524 DakarTel: (221) 33 849 05 55Fax: (221) 33 823 94 89contact@apix.sndgi@apix.snwww.apix.snSenegalIPAWAS Association of InvestmentPromotion Agencies of West AfricanStates ASSOCIATED MEMBER1) Nigerian Investment PromotionCommission (NIPC) Plot 1181, AguiyiIronsi Street, Maitama District, P. M. B.381, Garki, Abuja, Nigeria

2) Association des agences depromotion des investissements del’Afrique de l’Ouest, Stepping up to thenext level, 35 Avenue Malick Sy BP3309 RP Dakar Sénégal3) Gambia Investment Promotion andFree Zones Agency, GIPFZA HOUSE,48 Kairaba Avenue, Serre Kunda,KMC, Gambia1/ Tel: 234-9-4132731Fax: 234-9-4138034 2www.gipfza.gmSerbiaSerbia Investment and ExportPromotion Agency (SIEPA)Vlajkoviceva 3/V,11000 BelgradeTel: +381 11 3398 550Fax: +381 11 3398 814office@siepa.gov.rswww.siepa.gov.rsSerbiavojvodina Investment Promotion (vIP)Narodnog Fronta 23d 21000 Novi SadTel: +381 21 472 32 40Fax: +381 21 4721921office@vip.org.rswww.vip.org.rsSeychellesSeychelles International BusinessAuthority (SIBA)PO Box 991, Victoria, Mahe1/ Tel: +248 380811Fax: +248 380888siba@seychelles.netwww.siba.netSeychellesSeychelles Investment Bureau (SIB)(P.O Box 1167), Caravelle House - 2ndFloor - Manglier Street, Victoria, MahéTel: +248 380811Fax: +248 225125sib@seychelles.scwww.sib.gov.scSierra LeoneSierra Leone Investment & ExportPromotion Agency, SLIEPA3rd Floor, Standard Chartered BankSL. LTD, 9-11 Lightfoot Boston StreetTel: 220788/226075Tel: +232-33-419362info@sliepa.orgwww.sliepa.orgMinistry of Trade, Industryand State Enterprises18/20 Walpole Street, PMB 6,Freetown1/ Tel: +232 76 622 999Fax: +232 - (0)22 - 229 097www.sledic-sl.orgSlovakiaSlovak Investment and TradeDevelopment Agency (SARIO)Martinčekova 17, 821 01 BratislavaTel: +421 2 58 260 100, 101Fax: +421 2 58 260 109sario@sario.skwww.sario.skWAIPA Annual Report 2010 75

WAIPA Annual Report 2010SloveniaPublic Agency of the Republic ofSlovenia for Entrepreneurship andForeign Investments (JAPTI)Vetorskova 60, SI-1000 LjubljanaTel: +386 (0) 1 5891870Fax: +386 (0) 1 5309 850fdi@japti.siwww.investslovenia.orgSolomon IslandsMinistry of Commerce and TourismMinistry of Commerce,Industries,Labour & Immigration, P OBox G26, HoniaraTel: (+677) 22856Fax: (+677) 25084investmentdd@commerce.gov.sbwww.commerce.gov.sbSouth AfricaCity of JohannesburgThuso House Customer ServiceCentre, 66 Jorissen Street West Wing,Braamfontein 20001/ Tel: 0+2711 358 3392Fax: +2711 381 9207joburgconnect@joburg.org.zawww.joburg.org.zaDurban InvestmentPromotion Agency26th Floor, Old Mutual Centre 303, WestStreet, Durban 4000, (P.O. Box 1203)Tel: +27 31 336 2540 / 2530Fax: + 27 31 336 2511 /2641info@dipa.co.zawww.dipa.co.zaGauteng Economic DevelopmentAgency (GEDA)56 Main Street, Johannesburg(physical address), P.O. Box 61840,Marshalltown 2107 (Enquiries &Correspondence)Tel : +27 11 833 8750Fax : +27 11 833 8930info@geda.co.zablakem@geda.co.zawww.geda.co.zaInvest North WestPhysical Address: 1st Floor, Old MutualBuilding, 171 Beyers Naudé Drive,Rustenburg, 0299Postal Address: PO Box 6352,Rustenburg, 0300Tel: +27 (0) 14 594 2570Fax: +27 (0) 14 594 2575/6inw@inw.org.zawww.inw.org.zaMpumalanga Economic GrowthAgency (MEGA)33 Van Rensburg Street1, Nelspruit,Mpumalanga 12001/ Tel:+2713-752 2440Fax: +2713-755 1756www.mega.gov.zaTrade and Investment kwazulu-Natal (TIkzN)Trade and Investment KZN, P O Box4543, Durban, 4000Tel: + 27 (0)31 368 9600Fax: + 27 (0)31-368 5888info@tikzn.co.zawww.tikzn.co.za

Trade and Investment Limpopo (TIL)Postal address, PO Box 3490,POLOKWANE, 07001/ Tel +27 11 051 5054agrinette@til.co.zawww.til.co.zaTrade and Investment South Africa(TISA) Sunnyside (DTI)1/ Postal Address: Private Bag X84,Pretoria, 0001, Department Trade &Industry (DTI) - 77 Meintjies Street,Sunnyside, 00021/ Tel: +27 (12) 394 9500Fax: +27 (12) 394 2032contactus@thedti.gov.zawww.thedti.gov.zaFreestate Devlopment Corporation- FDC (former Freestate InvestmentPromotion Agency)49 Mailtland Street - 3rd Floor -Fedsure Building - Bloemfontein ORP.O. Box 989 Bloemfontein 93001/ Tel. +2751 4000802Fax +2751866825520www.fdc.co.zaSpainInternacionalization Service -Madrid Investors Support “MadridEMPRENDE”Madrid Emprende - EconomicDevelopment Agency, C/Gran Via, 24 -1a Planta, 28013 MadridTel: (34 91) 4804772Fax: (34 91) 4802440invest@munimadrid.eswww.madridemprende.comwww.investingmadrid.eswww.madridinvestorsupport.comInvest in SpainC/Orense, 58 - 3rd floor, Madrid- 28020Tel. 00 34 915 035811Fax: +34 915 035 803estrategia@investinspain.orgwww.investinspain.orgAgency of Innovation andDevelopment of AndaluciaAgency (IDEA)C/ Torneo, 26. 41002 SevillaTel:+34 955 030 702Fax:+34 955 030 803informacion@agenciaidea.eswww.agenciaidea.esACC1Ó - Invest in Catalonia NEWNAME - ONE GAENCy INSTEAD OF 2)Agencia de Support a l’EmpresaCatalana ACC1Ó, Passeig de Gràcia,129, 08008 BarcelonaVAT NO S0800476D1/ Tel.: +34 91 745 2099Fax: (+34) 93 4767307catalonia@acc10.cat (for Invest inCatalonia)info@acc10.cat (general mail forACC1Ó)www.catalonia.comwww.investincatalonia.comPromoMadridDesarrollo Internacional de Madrid,S.A. Suero de Quiñones, 34 - 28002MadridFax: +34 91 564 4007Fax: +34 91 564 7498info@promomadrid.comwww.promomadrid.comWAIPA Annual Report 2010 77

WAIPA Annual Report 2010Sri LankaBoard of Investmentof Sri Lanka (BOI)Level 24, West Tower, World TradeCenter, Echelon Square, Colombo 01Tel: (+94 11) 2434403-5Fax: (+94 11) 2447994-5infoboi@boi.lkwww.boi.lkSudanSudanese Investment Authority (partof Sudan Ministry of Investment)Ministry of Investment, West Hilton,KhartumTel:(249-11) 717198investment@sudanmail.netwww.sudaninvest.orgSyriaSyrian Investment Agency NEWMEMBER 2010Ex-Prime Ministry Building, Sabe Bahrat,DamascusTel.: +963 11 2062Fax: +963 11 442 8124syinvest@mail.sywww.investinsyria.orgSwazilandSwaziland Investment PromotionAuthority (SIPA)7th Floor Mbandzeni Building, LibandlaStreet, P. O. Box 4194, Mbabane, H1001/ Tel: (+268) 404 0470/72/3/4Fax. (+268) 404 3374info@sipa.org.szwww.sipa.org.szwww.gov.szSwedenInvest SwedenKlarabergsviadukten 70 B6 (P O Box90), SE-101 21 StockholmTel: +468 40 27 810Fax:+468 40 27 878info@investsweden.sewww.investsweden.seSwitzerlandOsecStampfenbachstrasse 85, Postfach2407, CH-8021 Zurich, Corso Elvezia16, P.O. Box 5399, CH-6901 LuganoTel. +41 44 365 51 51Fax +41 44 365 52 21contact@osec.chwww.osec.chTadjikistanInvestment Promotion AgencyShotemur str. 734000 DushanbeTel: +992-901 118 028Tanzania(United Republic of)Tanzania Investment Centre (TIC)Shaaban Robert Street, P.O. Box 938,Dar es SalaamTel: (+255)-22-2116328 - 31Fax: (+255)-22-2118253information@tic.co.tzwww.tic.co.tz

Tanzania (UnitedRepublic of)zanzibar InvestmentPromotion AuthorityZanzibar Investment PromotionAuthority (ZIPA), P.O.BOX 2286,ZanzibarTel: +255 24 2233026Fax: +255 24 2232737zipa@zanzinet.comwww.investzanzibar.orgTongaMinistry of Labour,Commerce and IndustriesPO Box 110, Free Wesleyan ChurchBuilding, Fasi moe Afi, Nuku’alofa,Tongatapu, TongaTel: +676 27 302Fax: +676 23 887moanat@mlci.gov.tohttp://www.mlci.gov.toTrinidadand TobagoEteck Investment PromotionHead Office (Trinidad), The Atrium,Don Miguel Road Extension, ElSocorro, San Juan, Trinidad andTobago, Unit 2, Sangster’s Hill Mall,Scaborough (Tobago)Tel:+1(868) 675-1989Fax: +1(868) 675-9125info@eteck.co.ttwww.eteck.co.ttTunisiaForeign Direct InvestmentPromotion Agency (FIPA)The Foreign Investment PromotionAgency, Rue Slaheddine El Ammami,Centre Urbain Nord, 1004 TunisTel. : (216) 71 752 036 / (216)71752424Fax : (216) 71 231 400(Cell Mr. Sassi +216 927 83 810)boc.fipa@mdci.gov.tnwww.investintunisia.tnTurkeyInvestment Support and PromotionAgency (Barbakanlik)Republic of Turkey - Prime MinistryHeadquarters, Kavaklidere MahallesiAkay Caddesi no.5 Cankaya, 06640Anakara / World Trade Center, 8thFloor, 296-297, Wesilkow Str., Istambul(Mr. Ismail +90 505 952 5571)Tel: (+90 2 124 68 6900info@invest.gov.trwww.invest.gov.trIzmir Development AgencyŞehit Fethi Bey Caddesi No:49/1 BirlikPlaza Kat:3 35210 Gumruk, IZMIRTel : +90 232 489 81 81Fax : +90 232 489 85 05info@izka.org.trwww.izka.org.trWAIPA Annual Report 2010 79

WAIPA Annual Report 2010Çukurova Development AgencyÇinarli Mah. Ataturk Cad. N°1 SabanciIş Merkezi Kat 7, 01060 Seyhan,ADANATel: +90 322 363 00 40Fax: +90 322 363 00 41info@cka.org.trwww.cka.org.trMiddle Black Sea DevelopmentAgency (NEW MEMBER 2011)Kale Mah. Şükrü Efendi Sokak No:2Kat:3 Ilkadım SamsunTel: +903 624 312 400Fax: +903 624 312 409DIR Mr. OZEN: +905 053 422 099info@oka.org.trwww.oka.org.trWest Mediterranean DevelopmentAgency (NEW MEMBER 2010)Íl Özel Ídaresi Yerleşkesi AtatürkBulvari Eğirdir Yolu 4. KM.32200 IspartaTel. +90 246 224 39 49Fax +90 246 224 3949www.baka.org.trTurks andCaicos IslandsTurks and Caicos IslandsInvestment Agency (TCInvest)TCInvest, PO Box 105, Hon. HeadleyDurham Building, Church Folly, GrandTurk (BWI)Tel: 1 (649) 946-2058/2852Fax: 1 (649) 946-1464tcinvestpls@tciway.tcwww.tcinvest.tcUgandaUganda Investment Authority (UIA)The Investment Centre Plot 22BLumumba Avenue, TWED Plaza, P.O.Box 7418 KampalaTel: 256-414-301000Fax: 256-414-342903info@ugandainvest.comwww.ugandainvest.comUnited ArabEmiratesRas Al khaimah FreeTrade zone AuthorityGovernment of Ras Al Khaimah - P.O.Box: 10055, Ras Al Khaimah, UAETel: +971 7 2077117 / +971 7 2041111inquiry@rakftz.comreceptionrbc@rakftz.comwww.rakftz.comDepartment of EconomicDevelopment, Foreign InvestmentOffice. DubaiP.O. Box 182284 Dubai ORGovernment of Dubai Departmentof Economic Development - ForeignInvestment Office, Deira clock towerroundabout, Business Village - BuildingBlock A, 2nd Floor1/ Tel: +971 4 2229922Fax: +971 4 2020999info@dubaided.gov.aewww.dubaided.gov.ae

Department of EconomicDevelopment - Abu DhabiDED building, 2nd Floor, InternationalEconomic Relations Sector,Department of Economic Development,Opposite Abu Dhabi Municipality, P.O.Box: 12, Al Salam Street, Abu Dhabi1/ Tel: +971 2 4031 4432/ Tel: +971 2 4031 221info@adeconomy.aewww.dpeportal.adeconomy.aehttp://ded.abudhabi.aeUnited KingdomUK Trade & Investment (UKTI)66-74 Victoria Street,London, SW1E 6SWTel: +44 (0)20 7215 8000Fax: +44(0)141 228 3660enquiries@ukti.gsi.gov.ukwww.uktradeinvest.gov.ukManchester InvestmentDevelopment Agency Service(MIDAS)MIDAS House, Trafford Wharf Road,Trafford Park, Manchester, M17 1EXTel: +44 [0] 161 877 3000Fax: +44 [0] 161 848 8638info@midas.org.ukwww.investinmanchester.comUnited Statesof AmericaInvest in AmericaInternational Trade Administration,U.S. Department of Commerce - room1235, 1401 Constitution Ave NW,Washington, DC 202301/ Tel: 202-482-1889Fax: 202-482-3643info@investamerica.govwww.investamerica.govDevelopment CounsellorsInternational (DCI) ASSOCIATEDMEMBERDCI Headquarters, 215 Park AvenueSouth, 10th Floor, New York, NY 10003Tel: 212.725.0707Fax: 212.725.2254www.aboutdci.comUruguayURUGUAy XXI Instituto dePromoción de Inversiones yExportacionesRincon 518 / 528, Planta Baja , 11000MontevideoTel: 5982 915 3838Fax: 5982 916 3059info@uruguayxxi.gub.uywww.uruguayxxi.gub.uyUzbekistanUzINFOINvEST“Uzinfoinvest” - The InformationSupport and Foreign InvestmentPromotion Agency under Ministryfor Foreign Economic Relations,Investment and Trade of the Republicof Uzbekistan - 1, Taras Shevchenkostr. TashkentTel: +(998-71) 267 70 57Fax: +(998-71) 267 18 40www.uzinfoinvest.uzVanuatuvanuatu Investment PromotionAuthority (vIPA)Private Mailbag 1911, Laguna Building,Port Vila, PMB 9011, VanuatuTel: +678 24096Fax: +678 25216investment@vanuatu.com.vuwww.investinvanuatu.comWAIPA Annual Report 2010 81

WAIPA Annual Report 2010VenezuelaConsejo Nacional de Promoción deInversiones (CONAPRI)Edifi cio Alimer, Piso 1, Calle Orinococon Arda, Av Ppal Las Mercedes, urb.Las Mercedes - Caracal 1060Tel: +58 212 992 71 43Fax: +58 212 424 331 9510www.conapri.org.veVietnamvietnam Investment PromotingTechnics and Construction JointStock Company (Techconvina)ASSOCIATED MEMBERA106 Building, New Urban Zone, XuanDinh, Tu Liem District, Ha NoiTel: +(84-4) 3750 0999Fax: +(84-4) 3750 1001techconvina@techconvina.comwww.techconvina.comYemen (Republic of)General Investment Authority (GIA)26 Al-Kods St. Southern Al-Safi a,Sana’a, P.O.Box: 19022Tel: 00967 1 262962/3Fax: 00967 1 262964invest@giay.orgwww.investinyemen.gov.orgZambiazambia Development AgencyPrivatisation House Nasser Road, P.OBox 30819, 10101 LusakaTel: + 260 (0) 211 222 858Fax: + 260 (0) 211 225 270invest@zamnet.zmwww.zda.org.zmZimbabwezimbabwe Investment AuthorityZimTrade Head Offi ce, 904 PremiumClose, Mount Pleasant Business Park,P.O.Box 2738 , HarareZimTrade Regional Offi ce, 48 JosiahTongogara Street, P.O.Box 3090 , BulawayoTel: 263-4 780 140-5/757 931-9Fax: 263-4 369244/45info@zia.co.zwinfo@byo.zimtrade.co.zwwww.zimtrade.co.zw

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WAIPA Annual Report 2010

CHAPTER IEstablishment of WAIPA and ObjectivesArticle I1. Following the founding meeting of high-level officials of Investment PromotionAgencies held 26-27 April, 1995 under the auspices of the United NationsConference on Trade and Development (UNCTAD), an internationalassociation of Investment Promotion Agencies is hereby established andshall be hereinafter referred to as World Association of Investment PromotionAgencies (WAIPA).2. WAIPA being an autonomous, non-profit organization established pursuant toarticles 60 to 79 of the Swiss Civil Code.3. The headquarters of WAIPA shall be situated in Geneva, Switzerland, or atsuch place as the General Assembly may decide.Article II1. WAIPA shall be dedicated to the support and advancement of the followingpurposes:a. to promote and develop understanding and cooperation amongstInvestment Promotion Agencies;b. to strengthen information gathering systems and information exchangeamongst Investment Promotion Agencies;c. to share country and regional experiences in attracting investment;d. to assist Investment Promotion Agencies to gain access to technicalassistance and training;e. to facilitate access to funding and other assistance, through referrals torelevant bilateral and multilateral agencies, other organizations, companiesor professional associations for the development and implementation ofinvestment promotion programs;WAIPA Annual Report 2010 85

WAIPA Annual Report 2010f. to assist Investment Promotion Agencies in advising their respectivegovernments in the formulation of appropriate investment promotion policiesand strategies.2. The aims and purposes of WAIPA shall be accomplished through meetings,seminars and congresses, through publication of regular periodicals andspecial reports and through such other means that contribute to WAIPA´sgeneral objectives and goals.CHAPTER IIMembershipArticle III1. Membership of WAIPA shall be open to any agency, government body or otherentity whose prime function is to promote any country, political sub-division ofa country, or other uncontested territory, as a destination for or as source ofinvestments (Members).2. Associate Membership shall be open to other organizations (whether of apublic or private nature) that share similar objectives of WAIPA as set out inArticle II of the WAIPA Statutes (Associated Members). Regional institutions,companies and professional associations might become Associated Members.Article Iv1. Membership applications must be submitted, in writing, to the PermanentSecretariat, appointing one or two deputies empowered to attend the GeneralAssembly on behalf of the Member.2. In the case of it being appointed two deputies, and both attending a GeneralAssembly meeting on behalf of the Member, it should be clearly stated whichof them shall exercise the right to vote.3. After membership approval and following payment of the initial membershipfee, the Permanent Secretariat shall publicize the new admission.

Article v1. Annual membership shall be paid by every Member and Associated Memberby April 30 with respect to the Calendar Year in course. Any member whichdoes not comply with this payment shall have certain of their rights temporarilysuspended. The right to vote and to be voted shall be suspended as well asother benefits of WAIPA membership.2. Fees are as follows:a. Members:Tier I Countries (GDP per capita up to 2,500 USD): 2,500 USD.Tier II Countries (GDP per capita from 2,501 USD to 12,500 USD): 3,000 USD.Tier III Countries (GDP per capita over 12,500 USD): 3,500 USD.b. Associated Members: 3,500 USD.3. The General Assembly shall alter the value of the fees payable taking intoconsideration the Steering Committee’s proposal.Article vI1. Members and Associated Members of WAIPA may associate at regional orsub-regional levels under the framework of WAIPA Statutes.2. Members and Associated Members shall not damage the reputation ofWAIPA by their actions and must respect WAIPA Statutes, its rules, Terms ofReference as well as overall actions and decisions.3. Should a Member or Associated Member act in flagrant violation of thespirit, purpose and interests of WAIPA, the General Assembly may, uponrecommendation of the Steering Committee, suspend the rights and privilegesenjoyed by the Member or Associated Member in question to the extentdetermined by the General Assembly.WAIPA Annual Report 2010 87

WAIPA Annual Report 2010Article vII1. All members shall have the same rights, duties and privileges. AssociatedMembers shall have the same rights, duties and privileges as Members,provided, however, that they shall not have the right to vote or to hold adirectorship in the Steering Committee.2. Members and Associated Members are obliged to update their relevantdata before the Permanent Secretariat, especially in respect of theirrepresentatives. Any change of such data shall be informed within a period of10 days.Article vIIIThe Membership of a Member or Associated Member expires in case of:a. dissolution of the member;b. cancelation of the membership by the member’s own volition;c. cancellation of the membership by reason of repeated non-payment of fees;d. exclusion.CHAPTER IIIInstitutionsArticle IXWAIPA shall perform its functions through the following organs:a. General Assembly;b. Steering Committee;c. Permanent Secretariat.

CHAPTER IVThe General AssemblyArticle X1. The General Assembly is the deliberative organ of WAIPA, and it shall consistof an assembly of all members represented by a properly appointed deputy.2. Members shall have the right to one vote. Votes are open and may not betransferred to another Member.3. Changes in appointees must be submitted at least 30 days prior to the date ofGeneral Assembly to ensure effective voting rights.Article XIThe General Assembly shall be responsible for:a. establishing objectives and general policies of WAIPA;b. electing the Directors of the Steering Committee;c. appointing financial auditors;d. approving audit reports and annual report of activities;e. approving, according to proposal from the Steering Committee, the value ofmembership fees;f. amending the Statutes;g. dissolving the organization;h. establishing any subsidiary body as may be required;i. discussing other matters as may be referred to it by the Steering Committee.WAIPA Annual Report 2010 89

WAIPA Annual Report 2010Article XII1. The General Assembly shall meet at least once a year at the time and locationas may be decided by the Steering Committee.2. The Permanent Secretariat summons the General Assembly with a noticecontaining the agenda or the items subject to vote. The notice shall be postedon-line and sent by electronic mail or other appropriate means to all memberswith an advance of at least 30 days.Article XIII1. The General Assembly shall elect from amongst its Members, one Member,the most senior representative of which, to serve as WAIPA President, andtwo Members, the most senior representatives of each of which, to serve asVice-Presidents. President and Vice-Presidents shall each serve for a term oftwo years and shall be eligible for re-election for one additional period. Thereshall be a two calendar-month transition period from election to inauguration.The former President and Vice-Presidents shall remain in office until theirsuccessors take office.2. Candidacies shall be post marked at least 60 days prior to the annual GeneralAssembly in which elections are to take place. An effective submissionof candidacy must be supported by a Candidacy Letter in respect of theMember institution and its sponsored representative. Only the seniormostrepresentative of the candidate- Member, or highest ranking officer,howsoever designated, shall be entitled to occupy the WAIPA Presidency orVice-Presidencies on behalf of the candidate-Member. It is required personalpresence at the General Assembly on the day of the election.Article XIv1. The quorum of the General Assembly shall be one fourth of all the Members,excluded for quorum purposes associated membership.2. The decisions of the General Assembly shall be taken by a majority vote of allthe Members present and current with their membership dues.Article XvThe General Assembly shall establish its own Rules of Procedure.

CHAPTER VThe Steering CommitteeArticle XvI1. The Steering Committee is the executive organ of the General Assembly andit shall consist of 14 Members of WAIPA, 11 of which elected by the GeneralAssembly as Directors, in addition to the WAIPA President and the two Vice-Presidents.2. A retired President of the General Assembly shall be an ex-officio Director ofthe Steering Committee for the succeeding two-year period, therefore raisingby one the number of directorships for the aforesaid period. The ex-officioDirector shall have the right to cast a vote.3. The President shall serve as the Chairperson of the Steering Committee.4. At least one seat in the Steering Committee shall be reserved forrepresentation from:a) Sub-Saharan Africa;b) Middle-East and North Africa;c) Central Asiad) South Asia;e) East Asia and South-East Asia;f) Oceania;g) European Union;h) Eastern Europe;i) North America;j) Central America and the Caribbean;k) South America.WAIPA Annual Report 2010 91

WAIPA Annual Report 20105. Every Steering Committee Director shall have the right to one vote. Votes areopen and may not be transferred to another Director.Article XvIIThe Steering Committee shall be responsible for:a. ensuring the implementation of the decisions of the General Assembly;b. proposing financial auditors to the General Assembly;c. reviewing the annual report of activities prior to submission to the GeneralAssembly;d. approving a Plan of Activities for the current and the following Calendar Year,according to the general objectives of WAIPA;e. reviewing of audit reports prior to submission to the General Assembly;f. performing such other duties as may be assigned to it by the GeneralAssembly;g. deciding on the exclusion of a WAIPA Member or Associated Member;h. interpretation and clarification of these Statutes.Article XvIIIThe Steering Committee shall convene at least twice a year at the headquarters ofWAIPA or at such other suitable place as it may decide.Article XIX1. Candidacies shall be post-marked at least 60 days prior to the annual GeneralAssembly in which elections are to take place. The effective candidacy of each ofthe 11 Directors must be supported by a Candidacy Letter duly executed by theauthorized representative in accordance with the candidate-Members’ institutionaldocuments. The only representatives entitled to serve as a Director are eitherthe first- or the second- highest ranking officer, howsoever designated, within the

candidate-Member’s institutional structure. Ad Hoc delegation is permitted andshould be handed, prior to or at the occasion of a meeting.2. A Director of the Steering Committee, except an ex-officio Director, shall servefor 2 years and shall be eligible for reelection.3. In the event of change in the ranks of a Member holding a Steering Committeeseat said Member shall promptly notify the Permanent Secretariat indicatingthe name of the Director to hold the seat for the remainder of the term.4. The Steering Committee Directors shall remain in office until theinauguration of their successors. The transition period for the departingDirectors of the Steering Committee shall coincide with that of the Presidentand Vice-Presidents.5. A Steering Committee Director may be removed by decision of the GeneralAssembly according to Article XXXIV.6. In the case of a Director resigning his seat at the Steering Committee, suchvacancy shall be filled by indication of the Steering Committee. The SteeringCommittee may consult with Members of such region for guidance.Article XXThe quorum of the Steering Committee shall be a minimum of 6, excluded forquorum purposes an ex-officio Director.Article XXIThe decisions of the Steering Committee shall be by a majority vote ofmembers present.Article XXIIThe Steering Committee shall formulate its own rules of procedure.WAIPA Annual Report 2010 93

WAIPA Annual Report 2010CHAPTER VIThe Permanent SecretariatArticle XXIII1. The Permanent Secretariat is the administrative organ of WAIPA and it shallconsist of an Executive Director and as many administrative personnel as theSteering Committee may define.2. The Executive Director, who shall lead the Permanent Secretariat, shall beproposed by the President and approved by the Steering Committee.Article XXIvThe Executive Director shall have the functions of:a. assisting the Steering Committee in the carrying out of its work; dailymanagement of WAIPA;b. preparing a draft of the annual report of activities prior to submission to theSteering Committee;c. presenting before the Steering Committee general proposals and specificprojects in line with the objectives of WAIPA;d. presenting before the Steering Committee a Plan of Activities and the budgetfor the current and the following Calendar Year;e. abiding by and enforcing the observance of WAIPA Statutes;f. implementing the overall WAIPA strategy;g. developing strategic relationships for WAIPA;h. recruiting and managing WAIPA’s personnel according to the numberestablished by the Steering Committee;

i. requesting Members to second, to the benefit of WAIPA, Member’s ownpersonnel to assist in specific projects on a temporary basis.j. ensuring members’ duty to fulfill their obligations with respect to WAIPA;k. performing such other duties as may be assigned to it by the Steering Committee.Article XXvThe Permanent Secretariat shall be located at the headquarters of WAIPA.CHAPTER VIIThe Presidency and Vice-PresidenciesArticle XXVI1. The President and Vice-Presidents are elected by the General Assemblyamong its Members by the majority of those present.2. The President of WAIPA shall be responsible for:a. enforcing the observance of WAIPA Statutes, its rules, Terms of Referenceas well as overall actions and decisions of the Steering Committee;b. presiding over the General Assembly and the Steering Committee, assuringthe orderly carrying out of their assemblies and meetings;c. undersigning along with the Vice-Presidents the minutes of the GeneralAssembly and depositing said minutes at the Permanent Secretariat wherethey may be consulted by any member;d. causing the Permanent Secretariat to distribute the Steering Committeeminutes and undersigning a copy thereof along with the Vice-Presidentsafter circulation;e. defining the overall strategy in the conduct of WAIPA’s affairs and advisingthe Executive Director in the implementation of projects;f. conducting high-level institutional affairs to the benefit and in furtherance ofWAIPA´s objectives;WAIPA Annual Report 2010 95

WAIPA Annual Report 2010g. legally representing WAIPA on out-of-court matters as well as in litigation;h. requesting information or reports to specific commissions;i. authorizing the Executive Director to dismiss personnel;j. exercising the casting vote in the event of any equality of votes at anymeetings.3. The Vice-Presidencies shall support and advice the President in all of theabove matters, and shall be also responsible for:a. substituting the President in the meetings, in the event of his absence;b. deciding, along with the President, the host of a WAIPA World InvestmentConference, upon consultation of Directors of the Steering Committee;c. coordinating specific commissions that might be created by the SteeringCommittee.Article XXvIIThe Presidency and Vice-Presidency may be revoked by vote of 2/3 of the GeneralAssembly, provided, however, that such vote be first proposed by a signed motionof at least 10 Members. The same session that revokes the Presidency mustestablish his successor amongst the Vice-Presidencies. In the case of revocation ofa Vice-Presidency, the same session revoking this Vice-Presidency must indicatethe successor thereof amongst the remaining Members of the SteeringCommittee.Article XXvIIIShall the Members holding the Presidency or the Vice-Presidencies resign:a. the successor to the Presidency shall be the one Vice-President which, in thejudgment of the Steering Committee, is best suited to lead WAIPA;b. the successor to a Vice-Presidency shall be appointed by the remainingmembers of the Steering Committee.

CHAPTER VIIIThe Consultative CommitteeArticle XXIX1. The General Assembly deems appropriate that WAIPA shall have a subsidiarybody to be named the Consultative Committee, the members of which shall beappointed by the Steering Committee.2. The Consultative Committee shall advice the Steering Committee in theimplementation of the WAIPA Program, according to the consulting termsdefined by the latter.3. The Consultative Committee of WAIPA consists of:a. United Nations Conference on Trade and Development (UNCTAD);b. United Nations Industrial Development Organization (UNIDO);c. International Economic Development Council (IEDC);d. Organization for Economic Cooperation and Development (OECD);e. Foreign Investment Advisory Services (FIAS);f. Proinvest.CHAPTER IXBudget and ExpenditureArticle XXXThe Permanent Secretariat shall prepare a budget for the administration of theaffairs of WAIPA and shall submit it to the Steering Committee prior to the GeneralAssembly for approval.WAIPA Annual Report 2010 97

WAIPA Annual Report 2010Article XXXIThe financial resources of WAIPA shall be made up of membership fees, thirdparty financial support, voluntary donations, sponsorship fees, payments receivedfor products or services rendered as well as of any other earnings or support notcontrary to law.Article XXXIIThe Chairperson of the Steering Committee or any other person that may beappointed by the General Assembly may accept such voluntary donations as maybe offered to WAIPA, provided that no condition contrary to the aims and interestsof WAIPA is attached to such voluntary donations and the donation is disclosedimmediately to the Members of the Steering Committee.CHAPTER IXBudget and ExpenditureArticle XXXThe Permanent Secretariat shall prepare a budget for the administration of theaffairs of WAIPA and shall submit it to the Steering Committee prior to the GeneralAssembly for approval.Article XXXIThe financial resources of WAIPA shall be made up of membership fees, thirdparty financial support, voluntary donations, sponsorship fees, payments receivedfor products or services rendered as well as of any other earnings or support notcontrary to law.Article XXXIIThe Chairperson of the Steering Committee or any other person that may beappointed by the General Assembly may accept such voluntary donations as maybe offered to WAIPA, provided that no condition contrary to the aims and interestsof WAIPA is attached to such voluntary donations and the donation is disclosedimmediately to the Members of the Steering Committee.

CHAPTER XDissolution of WAIPAArticle XXXIII1. Only a special General Assembly of Members which is called solely for thispurpose shall decide about the dissolution of WAIPA.2. The dissolution approval requires, at least, 3/4 of all Members.CHAPTER XIGeneral ProvisionsArticle XXXIv1. A membership may be revoked by vote of 2/3 of all Members of WAIPA,provided, however, that such vote be first proposed by a signed motion of atleast 20 Members.2. The exclusion of a Member shall be deliberated by the General Assembly ina secret vote and after having listened to the justifications of the interestedparties.Article XXXvThe Association shall cooperate with governments, business organizations andother international bodies. In particular, it is intended that besides the specificrelationship with the organizations referred to in Article XXIX 3, WAIPA shallestablish working relations with other organizations in the United Nations systemwhich have relevance to its objectives.Article XXXvIThe working language of WAIPA shall be English. Other languages may be used ifresources permit.WAIPA Annual Report 2010 99

WAIPA Annual Report 2010Article XXXvIIThe liability of WAIPA shall be limited to the amount of its assets. The liability ofWAIPA shall not extend to the personal liability of its offi cials.Article XXXvIIIIn the event that WAIPA is to be wound up, all assets shall be distributed amongthe members of WAIPA, proportionately to the payment of their subscription overthe last three years to the Association, and shall be prorated accordingly. Theproceedings shall be in accordance with the applicable laws and by the courts ofthe seat of WAIPA.Article XXXIXAny dispute between WAIPA and a Member or Associated Member, which is notsettled amicably, shall be settled in accordance with the laws and by the courts ofseat of the WAIPA.Article XL1. Any question which may arise concerning the interpretation or application of theseStatutes shall be decided by a vote of two-thirds of the Steering Committee.Statutes 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 besubmitted to the General Assembly, whose decision shall be fi nal.Article XLI1. These Statutes may be amended on the following conditions:a. A written request shall be made to the Permanent Secretariat by at leastten Members;b. The proposed amendment shall not be submitted to the General Assemblyuntil all the Members have been duly notifi ed of it, at least three monthsprior 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 two-thirdsof the Members present at the General Assembly and entitled, as per theseStatutes, to vote and who shall determine the date of its adoption.3. These Statutes go into force and effect on January 1st, 2010.WAIPA Annual Report 2010 101

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International Environment House 29, Chemin de Balexert, 1219 ChâtelaineGeneva - SwitzerlandPhone: + 41 22 7972664E-mail: info@waipa.orgSite: www.waipa.orgWAIPA Annual Report 2010