Transcript Parliament for Europe Presentation

Overview of Regional Investment Promotion and
Facilitation Schemes -Possible Applications in the SEE
10th Meeting of the South East European Investment Committee
Sarajevo, April 2012
Dynamic Regional Cooperation – an Asset
• Political criteria
– Stability element
– Regional dialogue promotion
– Continuous stability and cooperation
• Economic reasons
– Cross border initiatives improve business environment,
attract investments and support development
SEEIC Work Programme 2012-2013
• Objective 1: Create a common regional vision for economic
development in South East Europe – SEE 2020
• Objective 2: Increasing competitiveness of the region through
joint targeted action
• Objective 3: Present the region as an attractive investment
destination
– Development of regional investment promotion
mechanisms
– Developing communication aspects of SEEIC (efforts to
reaching out to the investor public)
Investment Promotion Tools
• What investors need to see in the Region:
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Openness to foreign investment
Right to private ownership and establishment
Full protection of property rights
Liberalized foreign exchange markets
Conducive earnings repatriation conditions
Stable, transparent and predictable regulatory framework
Simplification of investment establishment procedures
National treatment status
Right to national and international impartial arbitration in the event of
a dispute with government
Common Regional Investment
Promotion Tools
What national IPAs promote:
• Competitive location
• Competitive workforce
Similarities:
• Industrial heritage
• Industrial compatibilities
• Friendly business environment
• Infrastructure, physical and other
• Fiscal incentives
linkages
• Labor incentives
• Similar challenges and issues
• Financial incentives
• Investment facilitation assistance
• National treatment
• FTAs, double taxation agreements, bilateral investment protection
agreements
The Need for Cooperation
• MoU between Investment Promotion Agencies
• National IPA contribution to a better promotion of the
investment potential of the Region
• Contribution of human and institutional capacity
– At the level of management
– At the level of employees
The need to revive Regional Network of National Investment
Promotion Agency in the SEE Region
The Need for Cooperation
• Network rotating management
• Continuous meetings
– IPA management meetings
– Working groups
– Peer reviews
• Mapping industrial compatibilities and sub-sector profiles
• Joint incentives, specifically designed for regional investments
projects
• Regional supply chain for successful investment facilitation
and utilization of FTAs (3rd markets)
The Roadmap to Regional Investment
Promotion
• Regional Image Building
– Re-branding the image of SEE so as to leverage the region globally and build a
perception of an ideal business location.
– Production of investment promotion materials
• Policy Advocacy
– For reforms/ initiatives in institutional, legal and regulatory frameworks that create and
improve an enabling environment for investment
– Identifying the views of the private sector
• Investment Generation/Creation
– A focused approach on identified sectors of the regional economy that act as selected
growth pillars
The key challenge: mobilization of financial resources for packaging the projects
and securing of the consensus of the members on determining the priority
policies and industrial sectors of a regional character.
Regional Image Building
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Regional investment promotion website
Regional investment promotion newsletter
Regional sector-specific brochures
Investment projects database
Joint investor outreach events
Policy Advocacy
• Provision of transparent, streamlined and simplified
investment policies, rules, procedures and administrative
processes
• Elimination of investment barriers
• Liberalization of investment rules and policies
• Creation of competitive investment regimes
• Harmonization of monetary and macro economic policies
relating to investment
• Access to finance
Expected Outcomes
• Attracting greater and sustainable levels of investment in the
Partner States
• Creation of a larger and more competitive investment area
• Strengthening the bonds of integration
• Enhanced socio-economic development in the region
• Increased benefits from EU integration processes
• Complementing support to national investment promotion
initiatives
• Higher outturn of competitive products and services
• Greater regional market deepening
• Promotion of free flow of critical factors of production among the
Partner States yielding accelerated cross border investments.
Challenges
• Agreement to a more comprehensive MoU with regional goals
in line with national priorities
• Putting together and rolling out a programme for regional
investment promotion strategy, policies, and identifying
priority cooperation sectors for joint promotion
• Financial resources: investment promotion is an expensive
exercise
• Human capital resources
Overcoming the Challenges: Need for
Regional Cooperation
• Focused and intensive investment promotion campaigns for SEE
Partner States at national and SEE-wide (supranational/regional)
levels
Cooperation
Competition
“COOPETITION”
Core partners: RCC/SEEIC, IPAs, Business and Donor Community, Int’l organizations, Subregional initiatives, Economic Diplomacy Network
Thank you for your attention!
Dragana Đurica
Project Leader for the South East Europe
Investment Committee (SEEIC)
e: [email protected]
www.rcc.int