World Association of Investment Promotion Agencies
Non governmental association of global investment promotion agencies
From Wikipedia, the free encyclopedia
The World Association of Investment Promotion Agencies (WAIPA)[1] is an international non-governmental trade association in for Investment Promotion Agencies (IPAs). WAIPA acts as a forum for investment promotion agencies (IPA), provides networking and promotes best practice in investment promotion.[2] It holds the annual World Investment Conference (WIC) each year.[3]
| |
| Abbreviation | WAIPA |
|---|---|
| Formation | 1995 |
| Founder | UN Trade and Development and 50 investment promotion agencies |
| Type | Non-governmental organization |
| Legal status | Non-profit association (Under Swiss law) |
| Purpose | Gather and connect worldwide investment promotion agencies |
| Location | |
Region served | Worldwide |
| Services | Represent members, coordinate events and advice on policy and strategy |
| Fields | Investment |
| Membership | 133 (2024) |
Official language | English |
Executive Director | İsmail Erşahin |
| Funding | Membership fees |
| Website | waipa |
History
It was established in 1995 by the United Nations Conference on Trade and Development. The Secretariat has been based in Geneva, Switzerland since 1995.[4] The World Investment Conference is held in a different location around the world each year.[5]
Objectives
The objectives of WAIPA, as reflected in the Association's Statutes, are to:
- Promote and develop understanding and cooperation amongst IPAs;
- Strengthen information gathering systems, promote the efficient use of information and facilitate access to data sources;
- Share country and regional experiences in attracting foreign investment and enhancing outward investments;
- Assist IPAs to advocate the promotion of policies, within their government, which are beneficial to increasing foreign direct investment and promoting economic development;
- Facilitate access to technical assistance and promote training of IPAs.[6]
WAIPA further associates with two NGOs : The International Chamber of Commerce (ICC) and International Economic Development Council (IEDC).[1] Its membership covers approximately 170 entities and represents roughly 130 countries.[7][8]
