On 26 May, the Government of Turkey and the United Nations Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States (UN-OHRLLS), in cooperation with the World Association of Investment Promotion Agencies (WAIPA) are organizing a private sector forum on investment opportunities in LDCs at the Titanic Deluxe Belek in Antalya. The Forum will provide a platform for discussion of the constraints and support needs of LDCs in their efforts to promote additional investment, including through highlighting lessons learned and best practices. The Forum will take place on the eve of the mid-term review of the Istanbul Programme of Action for LDCs (MTR) which will be convened from 27-29 May.
A Foreign Direct Investment (FDI) holds the potential to significantly help LDCs economies to diversify, reduce their dependence on commodities and promote new activities in the manufacturing and services sectors with higher local value-addition and a deeper integration in international value-chains. LDCs and their investment promotion agencies (or similar bodies) need to improve their capacity to market themselves by providing relevant, accurate and timely information to potential investors. On that basis more elaborate investment promotion programs ultimately aimed at increasing the benefits of FDI can also be established. These may encompass a larger set of services and activities, including targeting investors, undertaking after-investment services, promoting backward and forward linkages and embark on policy advocacy. IPAs can thus become focal points for broader regulatory reforms and investment facilitation activities.
Against this background the Forum aims at furthering the discussion and adoption of best practices in investment promotion through interactions between business and government leaders as well as promotion professionals in order to enhance the capacity of LDCs to attract additional FDI, which can provide a crucial contribution to their sustainable development.
Please register HERE to participate at the Private Sector Forum.
Visa and travel: http://www.ipoareview.org/travel/
For further details on the accreditation process please contact:
Ms. Oksana Yarashuk
Programme Assistant, UN-OHRLLS
Tel. +1 917 367 2123