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29 November 2017

PAIH at the helm of the World Association of Investment Promotion Agencies

During the plenary session in Dubai, the General Assembly of the World Association of Investment Promotion Agencies (WAIPA) has selected the Polish Investment and Trade Agency (PAIH) as a member of the WAIPA Steering Committee for the representation of the European Union.

WAIPA, the organization operating under the auspices of the United Nations Conference on Trade and Investment, is uniting 154 investment promotion agencies. Its purpose is to co-create global standards for the investment service, as well as exchange of information and cooperation of investment agencies - so called IPAs from around the world. The Steering Committee is the managing body of WAIPA. The Committee plays a key role in the organization, setting out the Association's action plan, supervising its implementation, and performing the control role.

The Committee consists of elected every two years directors, the highest ranking representatives of the investment agencies from eleven regions of the world. Executives have a direct impact on the specific activities of WAIPA - not only within the region but also globally. Vice-President of the Polish Investment and Trade Agency, Wojciech Fedko, was elected as a director of the Steering Committee on the UE behalf, receiving 80% of the vote. This means that for the next two years (until 2019) PAIH will be the voice of the entire European Union in the WAIPA Steering Committee.

- This distinction confirms Poland's high position on the investment map of the world. We will have even greater influence and broad mandate to shape global investment policies. This is especially important in view of the process of remodeling the world economy we are currently observing - says Deputy Prime Minister, Minister of Development and Finance, Mateusz Morawiecki.

Holding a position previously held by the British Department for International Trade,  Polish Investment and Trade Agency is becoming the part of the first league of the world investment agencies. - This is due to PAIH's strong and long-term commitment to build a network of investment agencies in Europe and beyond. We have been involved in the development of IPAs in Belarus, Ukraine, Moldova and Central Asia for many years - said Wojciech Fedko, vice president of PAIH. As he added, during the election, the investment environment was also impressed by Poland's Responsible Development Strategy, which combines solidary economic policy with attracting investments of the highest added value, as well as promotion of Polish companies and their products on the global market.

The Polish Investment and Trade Agency, is one of the pillars of the Responsible Development Strategy created by Deputy Prime Minister, Mateusz Morawiecki. It is focused on the attraction of the investments of strategic importance for the Polish economy. Among the recently completed projects are: Warsaw's financial centre JP Morgan, LG Chem production of innovative batteries for cars or the Mercedes project in Jawor. A network of PAIH Foreign Trade Offices spread around the world has been developed as a tool to attract more valuable investments to Poland. Its strategic task is to support Polish companies in their foreign expansion.

- Our agency was selected to bring freshness to the EU representation in WAIPA - vice president PAIH, Wojciech Fedko concluded. (PAIH)

Polish Investment and Trade Agency

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