On 13-15 May a session of the World Association of Investment Promotion Agencies (WAIPA) and XIXth World Investment Conference were held in Istanbul, Turkey.
Besides the discussion of the proposal to move the organization’s headquarters to Istanbul, a new strategy prepared by the Governing Committee and Permanent Secretariat of WAIPA, as well as a preliminary Action Plan on the realization of the strategy were presented at the conference.
Moreover, pursuant the Protocol signed by the heads of the both states at the session of the Council of Supreme Strategic Cooperation between Azerbaijan and Turkey on 11 September 2012 in Baku, a Memorandum of understanding (MoU) between Azerbaijani Export and Investment Promotion Fund (AZPROMO) and Investment Support and Promotion Agency under the Prime Minister of the Turkish Republic (ISPAT) has been signed.
Note: WAIPA was founded in Geneva in 1995 and has 244 members from 162 countries. The main objective of WAIPA is to enhance cooperation among investment promotion agencies and maintain exchange of information in the field of investment attraction. It is 3 years as AZPROMO has been director on South Caucasus and Central Asia in the WAIPA Governing Committee, and in January this year, the President of AZPROMO Rufat Mammadov was appointed the vice-president of WAIPA by the decision of its Governing Committee.