Comesa Investment Agreement

The three priorities of activities: research and policy analysis: tracking trends, identifying key emerging themes and providing cutting-edge knowledge on sustainable development; Technical assistance: organising training, seminars and workshops; conducting IIA and ILO models; Ad hoc advice to strengthen the capacity of beneficiaries to cope with the complexity of I2; Intergovernmental consensus: exchange and exchange of good practices and experiences to promote comprehensive investment policy. For more information, please contact us via the online contact form. In 1998, the comesa authority declared a “common investment zone” and it was decided to create a regional investment agency to implement the COMESA Common Investment Area (CCIA). The COMESA Regional Investment Agency (RIA) was established in 2006 with the aim of making COMESA one of the most important destinations for regional and international investors, while encouraging domestic investment. RIA participates in the promotion, facilitation and consultation of investments. IIA Navigator This IIAs database – the IIA Navigator – is managed by the IIA section of UNCTAD. You can browse THE IIAs that are completed by a given country or group of countries, view the recently concluded IIAs, or use advanced research for sophisticated research tailored to your needs. Please mention: UNCTAD, International Investment Agreements Navigator, available in UNCTAD`investmentpolicy.unctad.org/international-investment-agreements/ Work Programme on International Investment Agreements (UNCTAD), actively assists policy makers, government officials and other IIA stakeholders in reforming the IIA to make them more conducive to sustainable development and inclusive growth. International investment rules are established at bilateral, regional, inter-regional and multilateral levels. It requires policy makers, negotiators, civil society and other stakeholders to be well informed about foreign direct investment, international investment agreements (AI) and their effects on sustainable development. Key objectives of UNCTAD`s IIA work programme – Reform of the International Investment Agreements (IIA) regime to improve the dimension of sustainable development; A comprehensive analysis of key issues arising from the complexity of the international investment regime; Development of a wide range of instruments to support the development of a more balanced international investment policy.

The creation of a CCIA is particularly useful because national markets are too small in most Member States to attract investment themselves. Regional markets attract more investment because they have more consumers than domestic markets and therefore more purchasing power. In addition, multinationals, fund managers and other investors now prefer regional markets over national markets when making decisions about where they invest. “This instrument will ensure the protection of investments and investors and will encourage Member States to implement reforms and liberalisations by opening economic sectors to growth to all investors, especially investors in the region,” said Joseph Mpunga, head of investment at comesA`s secretariat. The CCIA was adopted by the camea authority at the 2007 Nairobi Summit in Kenya. Over the next few years, the CCIA conducted audits to address issues in international investment regimes and specific investor protection standards.

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