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4 October 2019

Poland to host the 24. World Investment Conference

* WAIPA Steering Committee Member Polish Investment and Trade Agency will host the WIC19 7-8 October in Warsaw.
* The event will focus on the future of FDI and will include a general assembly meeting, followed by WAIPA Steering Committee elections.

“It is a great honour for the Polish Investment and Trade Agency (PAIH) to organize this global gathering of Investment Promotion Agencies. This event is a great opportunity for Poland to share the best practices of working with investors from around the world,” - Krzysztof Senger, Executive Vice-President, PAIH, says about the Agency organising the world largest investment gathering – the 24th WAIPA World Investment Conference.

The World Association of Investment Promotion Agencies (WAIPA) is an international non-governmental organization established in 1995 by the United Nations Conference on Trade and Development. Through its wide range of activities, WAIPA provides the opportunity for investment promotion agencies (IPAs) to network and exchange best practices in investment promotion.

Each year, in cooperation with one of the member IPAs, WAIPA organizes the World Investment Conference. The 2019 edition will be held in Warsaw (Poland), on 7-8th October. The conference is focused on prospects, challenges and role of IPAs regarding the future of the Foreign Direct Investment, impact of digitalization on the FDI flow and new models of executing investments. The participants, including the top IPAs managers as well as OECD, UNCTAD, World Bank and UNIDO representatives will debate the current stage of the global economy.

As a forum where Investment Promotion Agencies (IPAs), respectively decision makers from international organizations and governments as well as business leaders convene, the WAIPA World Investment Conference addresses current economic and social issues that may affect global investment flows and other strategic and policy considerations. Therefore, we are delighted that this years’ WIC is held in Poland to exchange ideas and best practices on current trends, such as the impact of digitalization or new types of investments to further enhance the crucial roles of IPAs. As such I would like to thank the Polish Trade and Investment Agency in my capacity as both the President of WAIPA as well as the President of Presidency of the Republic of Turkey Investment Office for hosting the 24th WAIPA World Investment Conference in Warsaw, Poland. - says Arda Ermut, President, World Association of Investment Promotion Agencies.The 24th WAIPA World Investment Conference is coordinated by the Polish Investment and Trade Agency (PAIH), that is the one and only Poland’s representative in the WAIPA community. PAIH supports both the foreign expansion of Polish business and the inflow of FDI into Poland. It also aims to boost the Polish exports. Supporting entrepreneurs, the Agency assists in overcoming administrative and legal procedures related to specific projects as well as helps to find a suitable location, reliable partners and suppliers.

Poland is the Central and Eastern Europe’s leader in attracting FDI. With the global investment being on hold, Poland is still growing its FDI stock. According to UNCTAD, the inflow of FDI into Poland in 2018 was higher by more than 25%. Furthermore, in line with the latest Global Location Trends report by IBM, Poland is No. 19 globally in the ranking of countries that creates most FDI jobs per million inhabitants. This is considered the most important measure of FDI performance, and a strong result for a large country such as Poland. Poland also ranks 9th globally in the overall ranking based on job creation, and 3rd in Europe (after UK and France).

The global and especially European economy is facing new challenges which directly affect the flow of FDI. According to UNCTAD, the value of the FDI inflow into the EU plunged in 2018 by 18,5% y/y. This is very concerning for the European Union, but also for the other regions of the WAIPA community. We need to work together to solve these issues. And I believe that the World Investment Conference in Warsaw is a great venue for the world class speakers and panellists to come up with new solutions for the global economy. The upcoming event will be a great opportunity for Poland to share the best practices of working with investors from around the world – Krzysztof Senger, Executive Vice-President, Polish Investment and Trade Agency, points out. At last year’s WIC in Xiamen, China, it was emphasized that Investment Promotion Agencies have an important role not only to facilitate investments, but they also may function as idea provider how to improve their investment climates as they are in direct contact with investors.

WIC19 will include a general assembly meeting, followed by WAIPA Steering Committee elections. October 8 will specifically be dedicated to the Conference where delegates will have the opportunity to listen not only from world renowned leaders, academicians, but also European Game Developers Federation and VC funds representatives.

The conference will also include a leadership and advocacy training. Participants will get an insight on developing an e¬ffective FDI attraction strategy, they will also be presented broader approaches and models  for measuring the impact of FDI. Furthermore, as in most organizations, the capabilities and dedication of employees are instrumental to an IPA’s success, so one of the training sessions will look at different options for structuring an IPA and organizing key investment promotion functions.

For more information visit: www.worldinvestmentconference.org

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