The International Trade Centre (ITC), in collaboration with the German Development Institute (DIE), published a toolkit to support World Trade Organization (WTO) negotiations on investment facilitation for development, as well as unilateral, bilateral and regional efforts.s in order to provide sustainable investment flows.
The report entitled “Facilitating Investment for Development: A Toolkit for Policymakers” provides information on the WTO and regional agreements discussions, model clauses and practical advice to help governments develop capacity to negotiate and implement investment agreementsThe publication places particular emphasis on the development of investment facilitation.
It also notes that the WTO investment facilitation negotiations “aim to create a multilateral framework for a more transparent, efficient and investment-friendly business climate” to help promote development and enhance investment cooperation. The authors argue that a successful outcome of these negotiations “can help revitalize global investment by increasing the transparency, simplifying procedures, improving regulations, encouraging foreign direct investment (FDI) that clearly contributes to development and strengthening international cooperation.”
To this end, the publicationon includes a Sustainable Investment Facilitation Inventory, which offers practical suggestions to optimize implementation, ranging from digital one-stop shops to specific uses of social media platforms and database matchmakingThe Inventory also includes sample texts for drafting investment agreements.
To support progress, the report says, a community of stakeholders, including the private sector, can keep negotiations on track, provide technical assistance and contribute to good practices.
The publication is based on activities carried out within the joint project of the International Trade Centre and the German Development Institute on investment facilitation for development, including some 30 stakeholder consultations.
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