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It is my pleasure to share with you an important update of UNCTAD's Global Action Menu for Investment Facilitation, incorporating feedback from extensive multi-stakeholder consultations and intergovernmental processes, including endorsement by policymakers, as received at the UNCTAD 14th Ministerial Conference and the Fifth World Investment Forum (WIF), held in Nairobi, Kenya, in July 2016.
Although facilitating investment is crucial for growth and sustainable development, to date, national and international investment policies have not paid enough attention to investment facilitation. To improve that, UNCTAD has launched its Global Action Menu for Investment Facilitation. It is based on the organization's rich experience with investment promotion and facilitation efforts worldwide over the past decades, on the 2012 edition of UNCTAD's Investment Policy Framework for Sustainable Development, and on UNCTAD's 2014 SDG Investment Action Plan.
The Action Menu was first presented to the investment community in January 2016. Following an initial consultation process on the Investment Policy Hub, an upgraded version of the Action Menu was officially launched in June 2016 as part of UNCTAD's World Investment Report (WIR), resulting in media coverage in over 100 countries. The subsequent WIF, which convened over 3'000 investment stakeholders from more than 150 countries, provided a platform for disseminating, field-testing and further improving the Action Menu.
At the WIF, the Action Menu benefitted from substantive inputs and comments from a multitude of investment-development stakeholders, including high-level policymakers from developing, developed and transition economies, the private sector and intergovernmental organizations. Ministers, heads of investment promotion agencies (IPAs), investment treaty negotiators, and other investment stakeholders all supported the initiative and requested UNCTAD to further develop policy advice, technical assistance and global consensus building activity in the area of investment facilitation. This mandate is clearly reflected in the outcome of the UNCTAD 14th Ministerial Conference.
UNCTAD's Global Action Menu for Investment Facilitation is now set to establish itself as an important instrument for governments worldwide for their national and international policy needs.
Best regards,
James X. Zhan
Director, Investment & Enterprise
Team Leader, World Investment Report
United Nations Conference on Trade & Development
Palais des Nations, Geneva
www.unctad.org/diae
www.unctad.org/wir
(World Investment Reports)
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