AZPROMO is a member of World Association of Investment Promotion Agencies (WAIPA) having seat in its Steering Committee as a Director for South Caucasus and Central Asia of this international organization. WAIPA was created in 1995. It was established as an Association under Swiss law. It has been registered in Geneva, as a non-governmental organization and is in the process of being filed with other relevant authorities. From its very inception, WAIPA has represented an ever growing number of Member agencies: in 2008 WAIPA had 233 Members - by the end of 2009, our Association had an additional 19 new Member agencies. WAIPA Members include 244 national and sub-national agencies from 162 different countries. Through its wide range of activities, WAIPA provides the opportunity for investment promotion agencies (IPAs) to network and exchange best practices in investment promotion. WAIPA has always dedicated, and continues to dedicate, time and effort towards building the human resources capacity of its Member agencies. Training events have been organized by WAIPA, alone or in coordination with partner organizations. Membership is open to all entities the primary function of which is "to promote any country, political sub-division of a country or other uncontested territory, as a destination for, or source of, investments".

The objectives of WAIPA, as broadly 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 in advising their respective governments on the formulation of appropriate investment promotion policies and strategies; and
  • Facilitate access to technical assistance and promote training of IPAs.

WAIPA partners can be international organizations, multilateral agencies or other non-governmental organizations (with local or international focus), think tanks, consultancies and universities. Partnerships with WAIPA are established based on mutual needs, in terms of WAIPA events, WAIPA training activities and/or WIAPA's technical assistance efforts. Technical assistance and training initiatives are generally conducted in coordination with, or with the support of, WAIPA partners.

Generally, WAIPA seeks to coordinate its efforts with the organizations that are members of its Consultative Committee, which are:

  • Investment Climate Advisory Services (ICAS) of the World Bank Group;
  • International Economic Development Council (IEDC);
  • Organisation for Economic Co-Operation and Development (OECD);
  • United Nations Conference on Trade and Development (UNCTAD); and
  • United Nations Industrial Development Organization (UNIDO).

  WAIPA Members Benefit

Benefits include networking opportunities, participation in WAIPA events, WAIPA training activities and access to the dissemination of content identified by WAIPA as relevant to its Member agencies.

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