The IEG continues to play a major role in implementing the Investment Facilitation Action Plan (IFAP), which has continuing value as a capacity-building and planning tool for APEC’s work on investment facilitation. The IEG works on specific plans to establish a long-term framework for advancing work under IFAP and to credibly demonstrate progress achieved in IFAP implementation.
The 2011 APEC Non-Binding Investment Principles (NBIP) demonstrates APEC’s commitment to promoting investment and addressing challenges posed by a rapidly evolving business environment. The Principles were successfully revised seventeen years after they were first established.
The "Strategy for Investment" was approved at the third Senior Officials Meeting in September 2010. The Strategy aims for more investment flows within and throughout the APEC region and is implemented under three categories that serves as its pillars. These three pillars are: Advanced Principles and Practices; Facilitation; and Promotion. Some of the activities under this Strategy include analytical studies on investment practices, IFAP follow-up, Public-Private Dialogues on investment, capacity building and information sharing, as well as cooperation with other international organizations.
Other IEG projects that are recently completed or currently underway include:
- The APEC-UNCTAD Handbook, “Negotiators of International Investment Agreements (IIA Handbook)” was published in January 2013. The Handbook provides an important tool for IIA negotiators to conduct effective negotiations and assists treaty negotiators in making decisions during the negotiating process.
- “The Seminar on Successful Cases of Renewable and Clean Energy Investment in APEC” was focused on increasing understanding and raising awareness of opportunities for investment within APEC economies in Renewable and Clean Energy (RCE); sharing experiences, lessons and opinions on the role of cross-border investment in increasing utilization of RCE and dissemination of RCE technologies; and sharing experiences on facilitation and promotion of cross-border RCE investment. The seminar to share the successful cases was held in China in June, 2012. The “Report on the Seminar on Successful Cases of Renewable and Clean Energy (RCE) Investment in APEC” was published in November 2012.
- The Leaders have tasked Public Private Dialogue (PPD) as a part of the implementation of the APEC Strategy for Investment in 2010. Since then, IEG has been holding PPD. Building upon the previous PPD, the Public Private Dialogue on Investment – CSR for Local Communities- was held in February 2013 in Jakarta, Indonesia. The 2013 PPD aims to provide stakeholders with an opportunity to foster dialogue and share experiences in CSR guidelines from APEC economies and the contributions of international organizations. The 2013 PPD also aims to identify successful CSR implementation and promotion strategies that help create maximum benefit for stakeholders in order to support sustainable growth and development in the APEC region. The PPD covered the discussions on Concept of CSR and Possible Policy Options of CSR in Community Development, Current CSR Practices on Community Development, and Improvement of Business Environment.
In their 2009 Statement, APEC Ministers Responsible for Trade declared that, "The economic downturn has seen foreign direct investment levels in APEC economies fall sharply in 2008 and early 2009. We urge economies to intensify their efforts to improve their investment climates by implementing actions to promote greater transparency, reduce investor uncertainty, and simplify business regulations."
This follows their endorsement in June 2008 of an Investment Facilitation Action Plan (IFAP) for 2008-2010. The IEG worked on implementing the IFAP in three priority areas; namely, e-transparency, reducing investor risk, and simplifying business regulation and submitted a report on the progress of its activities on these 15 priority actions for IFAP implementation in 2010. The IFAP progress report was issued in March 2013.
The IFAP priority areas were reviewed and endorsed by the IEG. The reviewed IFAP priorities included the twelve possible action items under three IFAP focus themes; namely, enhance stability of investment environments, security of property and protection of investments, including through dispute avoidance and resolution; improve the efficiency and effectiveness of investment procedures, including through the use of new technology; and building and maintaining constructive stakeholder relationships as IFAP implementation priorities from 2012 to 2014.
Clarence HOOT (Mr)
Investment Promotion Authority
Papua New Guinea
Rodrigo MONARDES (Mr)
General Directorate for International Trade and Economic Affairs (DIRECON)
Sakura OZAKI (Ms)