World Association of Investment Promotion Agencies History of World Association of Investment Promotion Agencies What is World Association of Investment

Promotion Agencies? The World Association of Investment Promotion Agencies (WAIPA) had been established in 1995 and is registered as a non-governmental organization in Geneva, Switzerland. In 2008, the World Association of Investment Promotion Agencies had 228 member Investment Promotion Agencies from 156 countries and now, in 2011, the World Association of Investment Promotion Agencies has 249 members Investment Promotion Agencies from 157 countries. World Association of Investment Promotion Agencies provides investment promotion agencies with networking opportunities and it facilitates the exchange of best practices in investment promotion. Membership is open to all investment promotion agencies all around the world with the purpose to promote any country or territory for investment. Whats the role of World Association of Investment Promotion Agencies? The role and purpose of World Association of Investment Promotion Agencies are to promote and develop understanding and cooperation amongst investment promotion agencies, to help investment promotion agencies gain Access to technical assistance by training through World Association of Investment Promotion Agencies sponsored events, to asist investment promotion agencies in advising their governments on the appropriate methods of investment promotion policies. One of World Association of Investment Promotion Agencies goal is also to build a forum that brings outward investment agencies (OIA) and investment promotion agencies together, based on the thought that OIAs and investment promotion agencies operate similarly. In addition to OIAs and investment promotion agencies, chambers of commerce, free zones and industrial parks, private cooperations. Also there is no limitation as to how many investment promotion agencies from a country might become a World Association of Investment Promotion Agencies. However consulting companies can not become members of World Association of Investment Promotion Agencies. How does an investment promotion agency become a World Association of Investment Promotion Agencies member? An investment promotion agency should, firstly, apply via World Association of Investment Promotion Agencies website in order to show interest in World Association of Investment Promotion Agencies. Following that action World Association of Investment Promotion Agencies secretariat will contact the investment promotion agency in order to give and receive further details and send an application that will be signed by the CEO of the investment promotion agency. An investment promotion agency or another organization can also benefit from World Association of Investment Promotion Agencies without being a member. World Association of Investment Promotion Agencies has a wide range of broad circle of partners, and World Association of

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