ECOWAS COMMON INVESTMENT MARKET IN THE REGIONAL INTEGRATION AGENDA. Jonathan Aremu Ph.D Consultant, ECOWAS Common Investment Market Abuja

Size: px
Start display at page:

Download "ECOWAS COMMON INVESTMENT MARKET IN THE REGIONAL INTEGRATION AGENDA. Jonathan Aremu Ph.D Consultant, ECOWAS Common Investment Market Abuja"

Transcription

1 ECOWAS COMMON INVESTMENT MARKET IN THE REGIONAL INTEGRATION AGENDA Jonathan Aremu Ph.D Consultant, ECOWAS Common Investment Market Abuja

2 Introduction Different group of countries are coming together all over the world with the idea of either (a) defending themselves against the incursions of other blocs ; or (b) as effective shield from negative impact of multilateralism and globalization. For instance: Europe has adopted a single currency that translated all participating countries into an entity functioning as a single economy. Realizing the seriousness of such a development may cause, Asian countries equally adopted necessary protective measures to defend themselves via a more active regional integration. Even the United States, in spite of its size, cannot ignore the need for a regional grouping as it equally teamed up with Canada and Mexico to form North American Free trade Agreement (NAFTA).

3 Introduction(Cont..) Unless a more serious efforts are embarked upon towards our regional economic integration, West African countries are under threats of eventual marginalization from current the global market economic re-grouping arrangements of countries Even the multilateral economic governance rules under the World Trade Organization( WTO), under the Doha Development agenda(dda) remain inconclusive and unreliable to guarantee the aspirations of developing countries Thus economic integration arrangements are becoming inevitable options and prerequisites for facing the tides of globalisation Recent years have witnessed a re-awakening, deepening and widening of existing regional integration agreements (RIAs) throughout the world, with acronyms such as EU, COMESA,ECOWAS,SADC and NAFTA re- adjusting their economic integration agenda for better outcome for their communities

4 Introduction(Cont..) Although some integration agreements have been motivated initially by political considerations, it is clear that economics is now generally the driving force. Thus, countries now enter into RIAs because integration promises various economic benefits such as stimulation of intra- and extra regional trade and investment However, for RIAs to affect the flows of foreign direct investment (FDI) a number of factors are of importance, among which are : o location, o the competitiveness of local firms, o the motives for investment, and o how the agreement affects the policy environment of participating member states In light of these developments, the role of RIAs as a determinant of the location of FDI has become a key issue for emerging economies and regional groupings like in ECOWAS region ; compelling us to examine the phases of regional integration

5 A. Phases of Economic Integration 1 Preferential Trade Arrangement Provision of merely lower barriers among participating nations Non members faces higher levels of barriers to trade. It is the loosest form of economic integration. Example British Common Preference Scheme established in

6 2 Free Trade Area All barriers to trade are substantially removed among members(article XXIV GATT) Each member retains its own barriers to trade with non members. There is need for rule of origin to protect deflection possibilities from non-members. European Free Trade Area (EFTA) is an example; NAFTA another example. Proposed EPA between ACP and EU. 6

7 3. Customs Union No tariff or other barriers on members Common external tariff (CET) on the rest of the world by custom members CET accepted is usually the lowest preunion rate Harmonizing non-tariff barriers under customs union is a difficult task European Union formed in

8 4. Common Market Have all Characteristics Customs Union Permits free mobility of factors Has no invisible trade restrictions Harmonization of trading standards and practices EU achieved this status in

9 5. Economic Union Most advanced type of economic integration Has all attributes of a common market Harmonizes monetary and fiscal policies of member states. Free factor mobility and competition policy Coordination of macroeconomic and budgetary policies Best example is the United States of America. 9

10 Table 1: The Phases of Economic Integration Conditions Free Trade Between Member State Common External Tariff Free Movement Factors Production of of Harmonization of Economic Policy Centralization of Economic & Monetary Policy Phases Free Trade Area Yes No No No No Customs Union Yes Yes No No No Common Market Yes Yes Yes Yes No Economic & Monetary Union Yes Yes Yes Yes Yes

11 Historical Development of ECIM. ECOWAS has achieved some success in its Trade Liberalization Scheme (ETLS) ; The Customs Union phase in our integration process is nearing completion with the putting in place of common external tariff (CET) with 5-bands; The Community is on its way to a Common Market by allowing the inter- regional flow of factors of production; In line with Articles 3.2 (f) and 3.2 (i) of the revised ECOWAS Treaty therefore, a key and immediate concern is to develop a regional investment code.

12 Historical Development of ECIM(Cont..). ECOWAS Member States decided to use the impetus of preparations towards the Economic Partnership Agreements (EPAs) to harmonize their regulations on investment and work for the establishment of a common regional investment rule and code. The Road Map to EPAs negotiations between West Africa and the European Union (EU) was adopted on August 4, 2004 in Accra, Ghana. Five Thematic Groups made up of regional experts were assembled to work out the negotiation strategies in EPAs. The first meeting of the Thematic Group on Investment met in Abuja in May 2005 and the meeting emerged with its own time table of the negotiation to agree with common Road Map for the community. The second meeting of the Thematic Group was held at Ouagadougou in December 2005

13 Historical Development of ECIM(Cont..). ECOWAS Commission arrived at a conclusion that since the entire developing countries rejected further negotiations of Singapore Issues at the World Trade Organization Ministerial, it will inappropriate to continue to negotiate Investment in the EPAs. Instead further negotiation of investment should be focused at harmonizing the investment policies of ECOWAS member states into a common code for use at later stage Encouraged by what the Commission was doing the EU, through BizClim, finalized a study on ECOWAS Common Investment Code (CIC) and Investment Policy Framework to assist the region in fasttracking the implementation of its Common Investment Market. The Authority of the Heads of State and government adopted the Supplementary Act on Common Investment Market along with two (2) other Supplementary Acts on the 19 th of December 2008 signalling the commencement of ECOWAS Common Investment Market (ECIM).

14 C. Basis for ECOWAS Common Investment Market Based on the above understanding, ECIM was established by the Commission : To enable the region to attract greater and sustainable levels of investment into the region through creating an international competitive investment area, which allows for free movement of capital, labour, goods and services across borders of Member States. To expand economic space for regional actors for investments since national markets of most ECOWAS countries are too small to attract sizeable investment on their own. To satisfy the desires of multinationals, fund managers and other investors all over the world ; who now give preference to regional, rather than national markets in making decisions where to invest. To make ECOWAS one of the major destinations for regional and international investors while simultaneously enhancing national investment climate of member states.

15 Basis for ECOWAS Common Investment Market(Cont..) To establish a competitive ECOWAS investment market with a more liberal and transparent investment environment amongst member states so as to: substantially increase the flow of investments into the region from both ECOWAS and non-ecowas sources; jointly promote ECOWAS as the most attractive investment region; strengthens and increase the competitiveness of ECOWAS economic sectors; and progressively reduce or eliminate investment regulations and conditions which may impede investment flows and the operation of investment project in ECOWAS. To ensure that the realization of the above objectives would contribute towards free flow of investment in line with the ambition of the region towards 2020 Vision

16 Basis for ECOWAS Common Investment Market(Cont..) With a single market of about 300 million people, ECOWAS Community could manifest sufficient size and scale agility, flexibility and creativity to attract and retain investment in ways that individual Member State could not. ECIM will consolidate the economic activities in the community into an integrated regional unit that can provide a common platform for future participation in the wider regional and global processes Other advantages of the ECIM include: creating a regional network for policy dialogue among investment policy makers with other stakeholders in the Community; promoting a favorable environment for employment creation through joint regional private/financial sector development and an entrepreneurship culture; improving intra-governmental policy coordination and cooperation between the various governmental agencies in ECOWAS region; and reinforcing the impact of development initiatives supported by international, regional and bilateral funds

17 Basis for ECOWAS Common Investment Market(Cont..) In sum, ECIM will make ECOWAS region to become a single economic space where: There is a coordinated investment co-operation programme among member States that will lead to increased investment from both within ECOWAS and non-ecowas sources; National treatment is extended to ECOWAS investors at the takeoff of the initiative and to all investors by a specified date, subject to the exceptions provided for under the Supplementary Act on investment rules; All industries are opened for investment to ECOWAS individuals and corporate citizens, and to all investors by a specified date, subject to the exceptions provided for in the Supplementary Act; The business sector has a larger role in the co-operation efforts in relation to investment and related activities in ECOWAS; and There is freer flow of capital, skilled labor and professionals, and technology amongst Member States.

18 D. Key Principles for Effective Implementation of ECIM. It is important that Member States recognise the following principles which, to the extent applied, contribute to effective implementation of ECIM: Transparency of national policies, laws and regulations and administrative practices affecting foreign and domestic investment; Coherence and stability of these laws, regulations and administrative practices; changes made in the light of evolving circumstances should respect the rights of investors as provided in the Supplementary Act on common investment rules ; National treatment for foreign investors at both the pre and post establishment stage; exceptions should be clearly and precisely formulated and periodically reviewed with a view to phasing them out; Timely and unrestricted transfer of the proceeds of the investment and guarantee for the repatriation of the capital when the investment is terminated in line with the provisions of the Act;

19 Key Principles for Effective Implementation of ECIM(Cont..). Fair and equitable treatment of domestic and foreign investments with full protection of property rights including intellectual property; high standards on expropriation and compensation; Unrestricted access of investors to effective dispute settlement mechanisms including international arbitration; Movement of key personnel for the investment and simplification of visa regulations; Transparency of incentive measures; Simplification of administrative procedures for the establishment of new companies, the take-over of existing companies, the granting of permits, concessions and licenses as well as for other operations or transactions needed for the establishment or development of private investment; Transparent and equitable regulations and procedures for privatisation and de-monopolisation;

20 Key Principles for Effective Implementation of ECIM(Cont..) Respect of internationally agreed principles of corporate social responsibility in line with international standards; Good corporate governance and integrity in public administration; Removal of barriers to trade, which have a negative effect on investment, through increased regional co-operation; and Promotion of investment policies and measures consistent with their commitments to sustainable development, protection of the environment and the observation of internationally recognised core labour standards.

21 E. General Obligations of Member States towards the Implementation of ECIM In line with the above principles, ECOWAS Member states will be expected to: review their policies and rules affecting investment and private sector development with a view to improving the investment climate in the region; consider adhering to relevant regional rules and instruments as provided by the Act; notify and publish lists of national measures providing exceptions to national treatment and the rationale for maintaining these measures; review their network of bilateral investment treaties and double taxation treaties within and outside the region in line with the provisions of the Act; intensify action to remove obstacles to business development, in particular regulations and administrative practices that obstruct or delay investment;

22 General Obligations of Member States towards the Implementation of ECIM(Cont..) enhance partnership in building human capacities and skills necessary for acquiring and spreading the benefits of investment in the region; develop a framework for the competitive functioning of their markets which would include effective competition laws and the reform of economic regulations; strengthen the capacities of investment promotion agencies to disseminate information and to provide services to investors and encourage co-operation among these agencies at regional and international levels; support small and medium sized enterprises and encourage their cooperation in regional projects and programmes; and consult business groups, private sector associations, social partners and civil society organisations to explore the development of investment opportunities and to provide input to the decision making process on investment policies, laws and regulations;

23 General Obligations of Member States towards the Implementation of ECIM(Cont..) Ensure that henceforth individual national measures and programmes are undertaken on a fair and mutually beneficial basis to other member States; Undertake appropriate measures to ensure transparency and consistency in the application and interpretation of their investment laws, regulations and administrative procedures in order to create and maintain a predictable investment regime in entire ECOWAS region; Begin the process of facilitation, promotion, liberalization and consequently harmonization of national investment laws towards a common code; Take appropriate measures to enhance the attractiveness of the investment environment of member States for direct investment flows;

24 F. Institutional Structures to Implement ECOWAS Common Investment Market In line with the requirement of Article 25 of the Supplementary Act on Community Investment Rules, ECOWAS Council created the following institutions to implement the ECIM initiative 1. National Committee on ECIM The functions of the Committee shall include: Supervision, coordination and revision of the implementation of the CIM in line with the provisions of the Supplementary Act on ongoing basis in the Member States; Reporting to the ECIM Council through the Private Sector Directorate of the ECOWAS Commission; and May establish specialized subcommittees or technical working groups based on need and resources available at national level of individual Member State

25 2. ECOWAS Common Investment Market Council The functions of the ECIM Council shall include: The ECIM Council will supervise, coordinate, and review the implementation of the CIM and the Supplementary Acts on ongoing basis at the Regional level. The ECOWAS Commission shall be the Secretariat of the ECIM Council with the President of the Commission or his representative as the Chairman. The Council shall be the approving Authority for all adjustments to the provisions of the Supplementary Act and the other issues in the ECIM from time to time

26 G. Conclusion Effective implementation of ECIM (under a single investment code ) in our integration agenda would result in a free movement of goods markets, services markets, labour markets, capital markets, and financial markets, and thus make ECOWAS community to a true common market where: There is a coordinated investment co-operation programme among member States that will lead to increased investment from both within ECOWAS region and from non-ecowas sources; National treatment is extended to ECOWAS investors at the take off of the initiative and to all investors at later date, subjected to the exceptions provided for under the Supplementary Act;

27 Conclusion (Cont...) All industries are opened for investment to ECOWAS individuals and corporate citizens, and to all investors from the rest of the world, subject to be exceptions provided for under Supplementary Act; The business sector has a larger role in the co-operation efforts in relation to investment and related activities in ECOWAS; and There is freer flow of capital, skilled labour and professionals, and technology amongst Member States. But these all depend on putting in place effective national and regional structures such as ECIM Council and NCECIM at national levels to transmit the mechanics of implementing the various issues involved in ECIM.

28 MERCI DE VOTRE ATTENTION 28

EAST AFRICAN COMMUNITY PRESENT AND FUTURE TRENDS OF EAST AFRICAN COMMUNITY

EAST AFRICAN COMMUNITY PRESENT AND FUTURE TRENDS OF EAST AFRICAN COMMUNITY EAST AFRICAN COMMUNITY PRESENT AND FUTURE TRENDS OF EAST AFRICAN COMMUNITY 1 SCOPE INTRODUCTION HISTORY OF INTEGRATION IN EAST AFRICA REVIVAL OF EAST AFRICAN COMMUNITY BASIS FOR REGIONAL INTEGRATION OBJECTIVES

More information

Theory of Economic Integration

Theory of Economic Integration Theory of Economic Integration Preferential Trade Agreements and the Multilateral Trade System Katarzyna Śledziewska Outline Definitions The stages of economic integration WTO rules Definitions Multilateralism:

More information

Presentation by Mr. Aliyu Abubakar Chief Commercial Officer, Federal Ministry of Commerce and Industry, Abuja, Nigeria

Presentation by Mr. Aliyu Abubakar Chief Commercial Officer, Federal Ministry of Commerce and Industry, Abuja, Nigeria REGIONAL MEETING ON PROMOTING SERVICES SECTOR DEVELOPMENT AND TRADE-LED GROWTH IN AFRICA organized by UNCTAD in collaboration with the African Union Commission (AUC) and the UN Economic Commission for

More information

Preparedness of the Different AU-recognized Regional Economic Communities (RECs) for the Continental Free Trade Area ( CFTA) By F.

Preparedness of the Different AU-recognized Regional Economic Communities (RECs) for the Continental Free Trade Area ( CFTA) By F. Preparedness of the Different AU-recognized Regional Economic Communities (RECs) for the Continental Free Trade Area ( CFTA) By F. Fajana ATPC-UNECA/AUC ffajana@hotmail.com; ffajana@uneca.org The 1991

More information

Final Report High Level Working Group on Jobs and Growth

Final Report High Level Working Group on Jobs and Growth Final Report High Level Working Group on Jobs and Growth February 11, 2013 INTRODUCTION As the United States-European Union High Level Working Group on Jobs and Growth (HLWG) noted in its June 19, 2012

More information

33rd 3ordinary Session of the Head of State and Government Ouagadougou, 18 January 2008 ECOWAS COMMON APPROACH ON MIGRATION

33rd 3ordinary Session of the Head of State and Government Ouagadougou, 18 January 2008 ECOWAS COMMON APPROACH ON MIGRATION COMMISSION DE LA CEDEAO ECOWAS COMMISSION 33rd 3ordinary Session of the Head of State and Government Ouagadougou, 18 January 2008 ECOWAS COMMON APPROACH ON MIGRATION INTRODUCTION 3 I. ECOWAS COMMON APPROACH

More information

Basic Policy on Comprehensive Economic Partnerships. 1. Environment surrounding Japan and promotion of high level economic partnerships

Basic Policy on Comprehensive Economic Partnerships. 1. Environment surrounding Japan and promotion of high level economic partnerships [Provisional Translation] Basic Policy on Comprehensive Economic Partnerships November 9th, 2010 Cabinet Decision 1. Environment surrounding Japan and promotion of high level economic partnerships Today

More information

Global Economic Issues and Policies

Global Economic Issues and Policies Global Economic Issues and Policies First edition Chapter 5 Regionalism and Multilateralism PowerPoint Presentation by Charlie Cook Copyright 2004 South-Western/Thomson Learning. All rights reserved. 1.

More information

REGIONAL MIGRATION POLICY The current and future policy framework of ECOWAS. Tony Luka Elumelu Directorate of Free Movement & Tourism

REGIONAL MIGRATION POLICY The current and future policy framework of ECOWAS. Tony Luka Elumelu Directorate of Free Movement & Tourism REGIONAL MIGRATION POLICY The current and future policy framework of ECOWAS Tony Luka Elumelu Directorate of Free Movement & Tourism Current Policy Framework ECOWAS Free Movement Protocols Rights of entry,

More information

PACIFIC ISLANDS FORUM SECRETARIAT. FORUM TRADE MINISTERS MEETING Rarotonga, Cook Islands. 29 October 2015 OUTCOMES DOCUMENT

PACIFIC ISLANDS FORUM SECRETARIAT. FORUM TRADE MINISTERS MEETING Rarotonga, Cook Islands. 29 October 2015 OUTCOMES DOCUMENT PACIFIC ISLANDS FORUM SECRETARIAT FORUM TRADE MINISTERS MEETING Rarotonga, Cook Islands 29 October 2015 OUTCOMES DOCUMENT The Forum Trade Ministers Meeting (FTMM) was held in Rarotonga, Cook Islands on

More information

Prosperity Fund Creating Conditions for Global Growth Turkey Programme Strategy (2015-16)

Prosperity Fund Creating Conditions for Global Growth Turkey Programme Strategy (2015-16) Prosperity Fund Creating Conditions for Global Growth Turkey Programme Strategy (2015-16) Contents Introduction & Context Programme Objectives and Indicators General Guidance Notes Programme Structure

More information

Issues Regarding a Trade Policy

Issues Regarding a Trade Policy Issues Regarding a Trade Policy Strategy t for Liberiai Ramesh Chaitoo Team Leader TradeCom WTO Accession Project Enabling Environments Ltd rnmsts@yahoo.ca 1 Trade Policy Strategy 1. Given Liberia s small

More information

Multinational Market Regions and Market Groups

Multinational Market Regions and Market Groups Chapter 10 10 Multinational Market Regions and Market Groups McGraw-Hill/Irwin International Marketing, 13/e 2007 The McGraw-Hill Companies, Inc., All Rights Reserved. Global Perspective Might Free Trade

More information

EU Canada. A Quick Guide to the. Free Trade agreement. European Association of Mining Industries, Metal Ores & Industrial Minerals

EU Canada. A Quick Guide to the. Free Trade agreement. European Association of Mining Industries, Metal Ores & Industrial Minerals A Quick Guide to the EU Canada Free Trade agreement European Association of Mining Industries, Metal Ores & Industrial Minerals 2016 Euromines, All rights reserved A Quick Guide to the EU Canada Free Trade

More information

JOINT DECLARATION ON COOPERATION BETWEEN

JOINT DECLARATION ON COOPERATION BETWEEN JOINT DECLARATION ON COOPERATION BETWEEN THE EFTA STATES (ICELAND, THE PRINCIPALITY OF LIECHTENSTEIN, THE KINGDOM OF NORWAY AND THE SWISS CONFEDERATION) AND THE REPUBLIC OF THE PHILIPPINES JOINT DECLARATION

More information

China s Market Economy Status

China s Market Economy Status POSITION PAPER December 2015 China s Market Economy Status KEY MESSAGES 1 2 3 4 5 The question of Market Economy Status (MES) should be treated in accordance with WTO and EU rules and be based on its own

More information

1 - EU Commission Communication-Trade for All. BUSINESSEUROPE assessment KEY MESSAGES. November 2015

1 - EU Commission Communication-Trade for All. BUSINESSEUROPE assessment KEY MESSAGES. November 2015 November 2015 EU Commission Communication-Trade for All BUSINESSEUROPE assessment KEY MESSAGES 1-2 3 4 We welcome the intention to maintain an ambitious and forward-looking trade and investment agenda

More information

R. JAYARAJ, M.A., Ph.D.,

R. JAYARAJ, M.A., Ph.D., Analyzing the international business environment and identifying key factors for international business operations R. JAYARAJ, M.A., Ph.D., 1-1 What is International Business All commercial transactions

More information

About the OECD Tourism Committee

About the OECD Tourism Committee Updated: March 2015 The Organisation for Economic Co-operation and Development (OECD) provides a forum in which governments can work together to share experiences and seek solutions to common problems.

More information

CHAPTER 19 LABOUR. the elimination of all forms of forced or compulsory labour;

CHAPTER 19 LABOUR. the elimination of all forms of forced or compulsory labour; CHAPTER 19 LABOUR Article 19.1: Definitions For the purposes of this Chapter: ILO Declaration means the International Labour Organization (ILO) Declaration on Fundamental Principles and Rights at Work

More information

The 2013 Amendment to the 1980 Arab League Investment Agreement

The 2013 Amendment to the 1980 Arab League Investment Agreement The 2013 Amendment to the 1980 Arab League Investment Agreement A step towards improving the region s attractiveness to investors NOTE: This draft brochure responds to a request of the League of Arab States

More information

Negotiation of a Free Trade Agreement between Hong Kong and the Association of Southeast Asian Nations. Consultation Document

Negotiation of a Free Trade Agreement between Hong Kong and the Association of Southeast Asian Nations. Consultation Document Negotiation of a Free Trade Agreement between Hong Kong and the Association of Southeast Asian Nations Consultation Document INTRODUCTION The Government of the Hong Kong Special Administrative Region will

More information

Executive summary. Cross-border mobility of students is by far the major form of cross-border post-secondary education.

Executive summary. Cross-border mobility of students is by far the major form of cross-border post-secondary education. ISBN 92-64-01504-3 Internationalisation and Trade in Higher Education Opportunities and Challenges OECD 2004 Executive summary In the last decade, new forms of cross-border post-secondary education have

More information

Cambodian Preparedness for ASEAN Economic Community 2015 Presentation to the Bar Association of the Kingdom of Cambodia By Mr. Sok Siphana Member of

Cambodian Preparedness for ASEAN Economic Community 2015 Presentation to the Bar Association of the Kingdom of Cambodia By Mr. Sok Siphana Member of Cambodian Preparedness for ASEAN Economic Community 2015 Presentation to the Bar Association of the Kingdom of Cambodia By Mr. Sok Siphana Member of the Bar Council 1 Outline n Background n Progress and

More information

Outlines of the Trans-Pacific Partnership Agreement

Outlines of the Trans-Pacific Partnership Agreement Page 1 of 5 Outlines of the Trans-Pacific Partnership Agreement ENHANCING TRADE AND INVESTMENT, SUPPORTING JOBS, ECONOMIC GROWTH AND DEVELOPMENT: OUTLINES OF THE TRANS-PACIFIC PARTNERSHIP AGREEMENT On

More information

EAST AFRICAN COMMUNITY PROTOCOL ON THE ESTABLISHMENT OF THE EAST AFRICAN COMMUNITY COMMON MARKET

EAST AFRICAN COMMUNITY PROTOCOL ON THE ESTABLISHMENT OF THE EAST AFRICAN COMMUNITY COMMON MARKET EAST AFRICAN COMMUNITY PROTOCOL ON THE ESTABLISHMENT OF THE EAST AFRICAN COMMUNITY COMMON MARKET PROTOCOL ON THE ESTABLISHMENT OF THE EAST AFRICAN COMMUNITY COMMON MARKET ARRANGEMENT OF ARTICLES PREAMBLE

More information

EU guidelines on human rights dialogues with third countries Update

EU guidelines on human rights dialogues with third countries Update 1. Introduction EU guidelines on human rights dialogues with third countries Update In its conclusions of 25 June 2001 the Council welcomed the Commission communication of 8 May 2001 on the European Union's

More information

STATUS OF THE IMPLEMENTATION OF ROADMAP ACTIVITIES FOR THE ECOWAS SINGLE CURRENCY ASSIGNED TO WAMA

STATUS OF THE IMPLEMENTATION OF ROADMAP ACTIVITIES FOR THE ECOWAS SINGLE CURRENCY ASSIGNED TO WAMA AGENCE MONETAIRE DE L AFRIQUE DE L OUEST (AMAO) WEST AFRICAN MONETARY AGENCY (WAMA) STATUS OF THE IMPLEMENTATION OF ROADMAP ACTIVITIES FOR THE ECOWAS SINGLE CURRENCY ASSIGNED TO WAMA Freetown, November

More information

TTIP Proposal for Chapter: Good Regulatory Practices

TTIP Proposal for Chapter: Good Regulatory Practices TTIP Proposal for Chapter: Good Regulatory Practices Article 1 General Provisions: 1. The parties reaffirm their commitment to good regulatory principles and practices to achieve public policy objectives

More information

World Bank Guidelines on the Treatment of Foreign Direct Investment

World Bank Guidelines on the Treatment of Foreign Direct Investment World Bank Guidelines on the Treatment of Foreign Direct Investment The Development Committee Recognizing that a greater flow of foreign direct investment brings substantial benefits to bear on the world

More information

About the OECD Tourism Committee

About the OECD Tourism Committee Updated: July 2016 The Organisation for Economic Co-operation and Development (OECD) provides a forum in which governments can work together to share experiences and seek solutions to common problems.

More information

European Conference on Corporate Social Responsibility Competing for a Sustainable Future Maastricht, the Netherlands 7 to 9 November 2004

European Conference on Corporate Social Responsibility Competing for a Sustainable Future Maastricht, the Netherlands 7 to 9 November 2004 European Conference on Corporate Social Responsibility Competing for a Sustainable Future Maastricht, the Netherlands 7 to 9 November 2004 Panel Session on CSR and Trade Moderated by: Dr. Katherine A.

More information

IOE PERSPECTIVES ON THE POST 2015 DEVELOPMENT AGENDA JANUARY 2013

IOE PERSPECTIVES ON THE POST 2015 DEVELOPMENT AGENDA JANUARY 2013 IOE PERSPECTIVES ON THE POST 2015 DEVELOPMENT AGENDA JANUARY 2013 INTERNATIONAL ORGANISATION OF EMPLOYERS Disclaimer Articles posted on the website are made available by the UNCTAD secretariat in the form

More information

Towards the European Higher Education Area: responding to challenges in a globalised world

Towards the European Higher Education Area: responding to challenges in a globalised world 18 May 2007 London Communiqué Towards the European Higher Education Area: responding to challenges in a globalised world 1. Introduction 1.1 We, the Ministers responsible for Higher Education in the countries

More information

NEGOTIATING FRAMEWORK FOR TURKEY. Principles governing the negotiations

NEGOTIATING FRAMEWORK FOR TURKEY. Principles governing the negotiations NEGOTIATING FRAMEWORK FOR TURKEY Principles governing the negotiations 1. The negotiations will be based on Turkey's own merits and the pace will depend on Turkey's progress in meeting the requirements

More information

Programa Nacional de Reformas de España 2016 EXECUTIVE SUMMARY

Programa Nacional de Reformas de España 2016 EXECUTIVE SUMMARY EXECUTIVE SUMMARY Over the last four years, the Spanish Government has put in place an ambitious reform agenda that has transformed the Spanish economy. This agenda has been built over three pillars: fiscal

More information

ACT. No. 10 2004. Sierra Leone. The Investment Promotion Act, 2004. Supplement to the Sierra Leone Gazette Vol. CXXXV, No. 49 dated 26th August, 2004

ACT. No. 10 2004. Sierra Leone. The Investment Promotion Act, 2004. Supplement to the Sierra Leone Gazette Vol. CXXXV, No. 49 dated 26th August, 2004 ACT Supplement to the Sierra Leone Gazette Vol. CXXXV, No. 49 dated 26th August, 2004 25 THE INVESTMENT PROMOTION ACT, 2004 ARRANGEMENT OF SECTIONS PART I PRELIMINARY SIGNED this 20th day of August, 2004

More information

National. icr Policy

National. icr Policy National icr Policy TABLE OF CONTENTS Forward Acknowledgements 1. Principles...1 1.0 Introduction...1 1.1 Vision...2 1.2 Mission...2 1.3 Policy Context...2 2. Policy Objectives...4 2.1 ICT Infrastructure...4

More information

Globalization, IMF and Bulgaria

Globalization, IMF and Bulgaria Globalization, IMF and Bulgaria Presentation by Piritta Sorsa * *, Resident Representative of the IMF in Bulgaria, At the Conference on Globalization and Sustainable Development, Varna Free University,

More information

Agreement setting up a free trade area between the Arab Mediterranean countries

Agreement setting up a free trade area between the Arab Mediterranean countries Agreement setting up a free trade area between the Arab Mediterranean countries The government of the Kingdom of Morocco, the government of the Kingdom of Jordan, the government of the Republic of Tunisia

More information

Dublin Declaration. on Partnership to fight HIV/AIDS in Europe and Central Asia

Dublin Declaration. on Partnership to fight HIV/AIDS in Europe and Central Asia Dublin Declaration on Partnership to fight HIV/AIDS in Europe and Central Asia Against the background of the global emergency of the HIV/AIDS epidemic with 40 million people worldwide living with HIV/AIDS,

More information

REPORT OF THE CONFERENCE OF THE PARTIES ON ITS SEVENTH SESSION, HELD AT MARRAKESH FROM 29 OCTOBER TO 10 NOVEMBER 2001 Addendum

REPORT OF THE CONFERENCE OF THE PARTIES ON ITS SEVENTH SESSION, HELD AT MARRAKESH FROM 29 OCTOBER TO 10 NOVEMBER 2001 Addendum UNITED NATIONS Distr. GENERAL FCCC/CP/2001/13/Add.1 21 January 2002 Original: ENGLISH CONFERENCE OF THE PARTIES REPORT OF THE CONFERENCE OF THE PARTIES ON ITS SEVENTH SESSION, HELD AT MARRAKESH FROM 29

More information

European Youth Forum Policy Paper Guiding Principles on Common Objectives for Voluntary activities and Greater understanding of young people

European Youth Forum Policy Paper Guiding Principles on Common Objectives for Voluntary activities and Greater understanding of young people European Youth Forum Policy Paper Guiding Principles on Common Objectives for Voluntary activities and Greater understanding of young people Adopted by the Council of Members, 21-22 November 2003 Rome

More information

TRANSPARENCY, CONSULTATION AND PARTICIPATION IN THE CONTINENTAL FREE TRADE AREA (CFTA) NEGOTIATIONS IN AFRICA

TRANSPARENCY, CONSULTATION AND PARTICIPATION IN THE CONTINENTAL FREE TRADE AREA (CFTA) NEGOTIATIONS IN AFRICA TRANSPARENCY, CONSULTATION AND PARTICIPATION IN THE CONTINENTAL FREE TRADE AREA (CFTA) NEGOTIATIONS IN AFRICA Recommendations from the Multi-Stakeholder Expert Workshop on a Potential Human Rights Impact

More information

Side-by-side Comparison of the 2014 and 2015 TPA Bills

Side-by-side Comparison of the 2014 and 2015 TPA Bills Side-by-side Comparison of the 2014 and 2015 TPA Bills ***Prepared by Ways and Means Committee Democratic Staff*** A comparison of the Bipartisan Congressional Trade Priorities Act of 2014 (Baucus-Hatch-Camp)

More information

Annotated Agenda of the Sherpa meeting. Main features of Contractual Arrangements and Associated Solidarity Mechanisms

Annotated Agenda of the Sherpa meeting. Main features of Contractual Arrangements and Associated Solidarity Mechanisms Annotated Agenda of the Sherpa meeting 21-11-2013 Main features of Contractual Arrangements and Associated Solidarity Mechanisms At their meeting on 26 November the Sherpas are invited to discuss: General

More information

ASEAN Economic Community (AEC) Presented by Daw Tin Tin Htwe (Retd. Director) National AFTA Unit Ministry of National Planning & Economic Development

ASEAN Economic Community (AEC) Presented by Daw Tin Tin Htwe (Retd. Director) National AFTA Unit Ministry of National Planning & Economic Development ASEAN Economic Community (AEC) Presented by Daw Tin Tin Htwe (Retd. Director) National AFTA Unit Ministry of National Planning & Economic Development Time line of ASEAN 1967 Establishment of ASEAN 1993

More information

COMMISSION OF THE EUROPEAN COMMUNITIES

COMMISSION OF THE EUROPEAN COMMUNITIES COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 18.4.2007 COM(2007) 183 final COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL, THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE AND

More information

TURKISH PERSPECTIVE ON FTAs under the Turkey-EU CU (with a Special Emphasis to TTIP) Murat YAPICI DG for EU Affairs Ministry of Economy

TURKISH PERSPECTIVE ON FTAs under the Turkey-EU CU (with a Special Emphasis to TTIP) Murat YAPICI DG for EU Affairs Ministry of Economy TURKISH PERSPECTIVE ON FTAs under the Turkey-EU CU (with a Special Emphasis to TTIP) Murat YAPICI DG for EU Affairs Ministry of Economy Brussels, June 18, 2013 1 Contents I. Turkey-EU Association Relations

More information

An EU Helpdesk for Trade and Investments

An EU Helpdesk for Trade and Investments The contribution of trade to a new EU growth strategy Ideas for a more open European economy Part 5 An EU Helpdesk for Trade and Investments By Unni Mannerheim THIS IS ONE OF EIGHT REPORTS IN A SERIES.

More information

Spurring Growth of Renewable Energies in MENA through Private Sector Investment

Spurring Growth of Renewable Energies in MENA through Private Sector Investment MENA-OECD Business Council: Task Force on Energy and Infrastructure WORKING PAPER PRESENTING THE PRIVATE SECTOR S VIEW Spurring Growth of Renewable Energies in MENA through Private Sector Investment Agenda

More information

Trade Debates - Liberal Voices Needed

Trade Debates - Liberal Voices Needed European Commission Speech [Check against delivery] Trade Debates - Liberal Voices Needed 3 December 2015 Cecilia Malmström, Commissioner for Trade Berlin Event at Friedrich Naumann Stiftung Ladies and

More information

Introduction ti There are a range of well known reasons why the capital markets are currently in a state of rapid change. These include: 1) the consol

Introduction ti There are a range of well known reasons why the capital markets are currently in a state of rapid change. These include: 1) the consol Capital Market Integration for ECOWAS Common Investment Market. Jonathan Aremu Ph.D Consultant, ECIM 1 Introduction ti There are a range of well known reasons why the capital markets are currently in a

More information

ECOWAS Trade Liberalisation Scheme (ETLS)

ECOWAS Trade Liberalisation Scheme (ETLS) ECOWAS Trade Liberalisation Scheme (ETLS) How can I benefit from a preferential tariff? By K. Nuhu Programme supported by the European Union What is ECOWAS Trade Liberalization Scheme (ETLS) To establish

More information

ECOWAS COMMON APPROACH ON MIGRATION - The current and future policy framework of ECOWAS

ECOWAS COMMON APPROACH ON MIGRATION - The current and future policy framework of ECOWAS ECOWAS COMMON APPROACH ON MIGRATION - The current and future policy framework of ECOWAS ABIDJAN, COTE D IVOIRE, 13TH MAY, 2014 Mr. Tony Luka Elumelu, Principal Program Officer Migration Objective of the

More information

Proposed medium-term plan for the period 2002-2005

Proposed medium-term plan for the period 2002-2005 United Nations A/55/6 (Prog. 9) General Assembly Distr.: General 18 April 2000 Original: English Fifty-fifth session Item 120 of the preliminary list* Programme planning Contents Proposed medium-term plan

More information

The first round of TPP negotiations was held in Melbourne in March 2010.

The first round of TPP negotiations was held in Melbourne in March 2010. AN INTRODUCTION History The Trans-Pacific Partnership (TPP) builds from the Trans-Pacific Strategic Economic Partnership Agreement (P4) between Brunei, Chile, New Zealand and Singapore which entered into

More information

EDRi s. January 2015. European Digital Rights Rue Belliard 20, 1040 Brussels www.edri.org @EDRi tel. +32 (0) 2 274 25 70

EDRi s. January 2015. European Digital Rights Rue Belliard 20, 1040 Brussels www.edri.org @EDRi tel. +32 (0) 2 274 25 70 EDRi s Red lines on TTIP January 2015 European Digital Rights Rue Belliard 20, 1040 Brussels www.edri.org @EDRi tel. +32 (0) 2 274 25 70 ABOUT EDRI European Digital Rights is a network of 34 privacy and

More information

Suspend the negotiations for a free trade agreement with the USA no agreement at the expense of workers, consumers or the environment

Suspend the negotiations for a free trade agreement with the USA no agreement at the expense of workers, consumers or the environment German Trade Union Confederation (DGB) Executive Board DGB Position Suspend the negotiations for a free trade agreement with the USA no agreement at the expense of workers, consumers or the environment

More information

East African Community

East African Community 1 East African Community STATEMENT BY AMB. DR. RICHARD SEZIBERA, SECRETARY GENERAL OF THE EAST AFRICAN COMMUNITY AT THE OFFICIAL OPENING CEREMONY OF THE 6 TH EAC MILITARY GAMES AND CULTURAL EVENTS ON 7

More information

Update on the Continental Free Trade Area (CFTA)

Update on the Continental Free Trade Area (CFTA) AFRICAN UNION UNION AFRICAINE UNIÃO AFRICANA P. O. Box 3243, Addis Ababa, ETHIOPIA Tel.: (251-11) 5182402 Fax: (251-11) 5182400 Website: www.au.int Update on the Continental Free Trade Area (CFTA) PROGRESS

More information

Department of Economic and Social Affairs of the United Nations 2 United Nations Plaza DC New York

Department of Economic and Social Affairs of the United Nations 2 United Nations Plaza DC New York 11-33011 -1- Translated from Spanish ECR-449-2011 The Permanent Mission of Costa Rica to the United Nations presents its compliments to the Department of Economic and Social Affairs and has the honour

More information

10721/16 GSC/lt 1 DGB 2B

10721/16 GSC/lt 1 DGB 2B Council of the European Union Brussels, 28 June 2016 (OR. en) 10721/16 OUTCOME OF PROCEEDINGS From: General Secretariat of the Council On: 28 June 2016 To: Delegations No. prev. doc.: 10320/16 REV 1 Subject:

More information

The EU s new investment policy agenda

The EU s new investment policy agenda The EU s new investment policy agenda Prof. Markus Krajewski University of Erlangen-Nürnberg ITAP UNCTAD Annual Capacity Building Program International Investment Agreements: Negotiating for Sustainable

More information

A COLLABORATIVE FRAMEWORK FOR GUIDING POST-MFA ACTIONS. MFA Forum

A COLLABORATIVE FRAMEWORK FOR GUIDING POST-MFA ACTIONS. MFA Forum FOR GUIDING POST-MFA ACTIONS MFA Forum March 2005 CONTENTS The Context... 1 The MFA Forum... 1 The Need for Action... 2 Shared Responsibilities... 3 Overarching Principles... 5 The Roles of Individual

More information

For the purposes of this Chapter: by a national of a Party in the territory of the other Party;

For the purposes of this Chapter: by a national of a Party in the territory of the other Party; CHAPTER 11 : CROSS BORDER TRADE IN SERVICES ARTICLE 11.1 : DEFINITIONS For the purposes of this Chapter: 1. cross border supply of services or cross border trade in services means the supply of a service:

More information

Deutscher Industrie- und Handelskammertag

Deutscher Industrie- und Handelskammertag 11.04.2012 Deutscher Industrie- und Handelskammertag 4 Contribution to the Public Consultation of the European Commission on the EU-U.S. High Level Working Group on Jobs and Growth The Association of German

More information

E VIRO ME T Council meeting Luxembourg, 14 October 2013

E VIRO ME T Council meeting Luxembourg, 14 October 2013 COU CIL OF THE EUROPEA U IO EN Conclusions on Preparations for the 19th session of the Conference of the Parties (COP 19) to the United ations Framework Convention on Climate Change and the 9th session

More information

Council of the European Union Brussels, 9 October 2014 (OR. en)

Council of the European Union Brussels, 9 October 2014 (OR. en) Council of the European Union Brussels, 9 October 2014 (OR. en) 11103/13 DCL 1 DECLASSIFICATION of document: dated: 17 June 2013 new status: Subject: WTO 139 SERVICES 26 FDI 17 USA 18 ST 11103/13 RESTREINT

More information

CROSS-BORDER ACCESS PLATFORM. Mainland Investors. International Investors. Equity. Commodities FIC. Mainland Products. International Products

CROSS-BORDER ACCESS PLATFORM. Mainland Investors. International Investors. Equity. Commodities FIC. Mainland Products. International Products 1 OVERVIEW Hong Kong is entering a new phase as a leading international financial centre. The scale and depth of the world s interaction with Mainland China s markets and investors are being transformed

More information

ASEAN FREE TRADE AGREEMENTS: POLICY AND LEGAL CONSIDERATIONS FOR DEVELOPMENT

ASEAN FREE TRADE AGREEMENTS: POLICY AND LEGAL CONSIDERATIONS FOR DEVELOPMENT ASEAN FREE TRADE AGREEMENTS: POLICY AND LEGAL CONSIDERATIONS FOR DEVELOPMENT INTRODUCTION MR. KRIT KRAICHITTI Director-General Department of Treaty and Legal Affairs Ministry of Foreign Affairs of Thailand

More information

10 Business Recommendations for Productivity, Prosperity, and Inclusive Growth

10 Business Recommendations for Productivity, Prosperity, and Inclusive Growth 10 Business Recommendations for Productivity, Prosperity, and Inclusive Growth BIAC Statement to the OECD Ministerial Council Meeting 2016 1-2 June 2016, Paris BIAC speaks for business at the OECD. Established

More information

Road Map on the Common Space of Research and Education, Including Cultural Aspects

Road Map on the Common Space of Research and Education, Including Cultural Aspects Road Map on the Common Space of Research and Education, Including Cultural Aspects Approved on May 10, 2005 in Moscow by President of Russia Vladimir Putin, Prime Minister of Luxembourg Jean-Claude Juncker,

More information

Remarks by Dr. Richard Sezibera Ambassador Secretary General, East African Community at the Norfund Annual Conference in Oslo, Norway August 21, 2013

Remarks by Dr. Richard Sezibera Ambassador Secretary General, East African Community at the Norfund Annual Conference in Oslo, Norway August 21, 2013 Remarks by Dr. Richard Sezibera Ambassador Secretary General, East African Community at the Norfund Annual Conference in Oslo, Norway August 21, 2013 2 Your Royal Highness, the Crown Prince of Norway,

More information

Wednesday 23/1/2013. Check against Delivery. Madame Chairman, Vice-Chairs and members of the ITRE Parliamentary Committee,

Wednesday 23/1/2013. Check against Delivery. Madame Chairman, Vice-Chairs and members of the ITRE Parliamentary Committee, Presentation by Mr Richard Bruton, Minister of Jobs, Enterprise and Innovation to the Industry Research and Energy Committee of the European Parliament, Brussels Wednesday 23/1/2013 Check against Delivery

More information

DECLARATION ON STRENGTHENING GOOD GOVERNANCE AND COMBATING CORRUPTION, MONEY-LAUNDERING AND THE FINANCING OF TERRORISM

DECLARATION ON STRENGTHENING GOOD GOVERNANCE AND COMBATING CORRUPTION, MONEY-LAUNDERING AND THE FINANCING OF TERRORISM MC.DOC/2/12 Organization for Security and Co-operation in Europe Ministerial Council Dublin 2012 Original: ENGLISH Second day of the Nineteenth Meeting MC(19) Journal No. 2, Agenda item 7 DECLARATION ON

More information

POST-ACCESSION BENEFITS OF THE WTO MEMBERSHIP OF TAJIKISTAN

POST-ACCESSION BENEFITS OF THE WTO MEMBERSHIP OF TAJIKISTAN VERSION -1 June 2015: 1:17 hours POST-ACCESSION BENEFITS OF THE WTO MEMBERSHIP OF TAJIKISTAN "TAJIKISTAN IS OPEN FOR BUSINESS AND INVESTOR-FRIENDLY" BY CHIEDU OSAKWE DIRECTOR ACCESSIONS DIVISION WORLD

More information

ENTERPRISE DEVELOPMENT STRATEGY Small- and Medium-Sized Enterprises. I. Introduction

ENTERPRISE DEVELOPMENT STRATEGY Small- and Medium-Sized Enterprises. I. Introduction ENTERPRISE DEVELOPMENT STRATEGY Small- and Medium-Sized Enterprises I. Introduction I.1 Current Challenge: Most countries in the region are undergoing reforms that are opening their economies to greater

More information

Vice-President for Budget and Human Resources

Vice-President for Budget and Human Resources Jean-Claude Juncker, President of the European Commission Mission Letter Brussels, 1 November 2014 Kristalina Georgieva Vice-President for Budget and Human Resources Dear Kristalina, You are becoming a

More information

Introduction to WTO and ICT

Introduction to WTO and ICT Introduction to WTO and ICT Maria-Alejandra Alvarez (aristeguieta.alvarez@gmail.com) World Bank Training on Trade in Information and Communications Services Geneva, Switzerland 23-27 April, 2007 What is

More information

ARTICLE 1 Definitions. a. movable and Immovable property, as well as related rights in rem;

ARTICLE 1 Definitions. a. movable and Immovable property, as well as related rights in rem; AGREEMENT BETWEEN THE GOVERNMENT OF THE RUSSIAN FEDERATION AND THE GOVERNMENT OF THE REPUBLIC OF INDIA FOR THE PROMOTION AND MUTUAL PROTECTION OF INVESTMENTS The Government of the Russian Federation and

More information

On Corporate Debt Restructuring *

On Corporate Debt Restructuring * On Corporate Debt Restructuring * Asian Bankers Association 1. One of the major consequences of the current financial crisis is the corporate debt problem being faced by several economies in the region.

More information

THE CONCEPT of State Migration Policy

THE CONCEPT of State Migration Policy The Decree of the President of Ukraine, #622/2011 On the Concept of State Migration Policy With a purpose of creation of proper conditions for realization of state policy in the sphere of migration I hereby

More information

YEREVAN COMMUNIQUÉ. A renewed vision: our priorities

YEREVAN COMMUNIQUÉ. A renewed vision: our priorities YEREVAN COMMUNIQUÉ We, the Ministers, meeting in Yerevan on 14-15 May 2015, are proud to recognize that the vision which inspired our predecessors in Bologna has given rise to the European Higher Education

More information

COUNCIL OF THE EUROPEAN UNION. Brussels, 7 October 2003 (OR. en) 12858/03 RECH 152 OC 589

COUNCIL OF THE EUROPEAN UNION. Brussels, 7 October 2003 (OR. en) 12858/03 RECH 152 OC 589 COUNCIL OF THE EUROPEAN UNION Brussels, 7 October 2003 (OR. en) 12858/03 RECH 152 OC 589 LEGISLATIVE ACTS AND OTHER INSTRUMENTS Subject : Council Decision on the signing of the Framework Agreement between

More information

Why did the Doha Round fail? Prospects of a Development-friendly Solution

Why did the Doha Round fail? Prospects of a Development-friendly Solution Hochschule für Technik und Wirtschaft Master s of International and Development Economics Why did the Doha Round fail? Prospects of a Development-friendly Solution Workshop Trade Policies in International

More information

IRAN SOUTH AFRICA BILATERAL INVESTMENT TREATY. Official Gazette of the Islamic Republic of Iran No., 16244 Dated Nov. 28, 2000, Page 2.

IRAN SOUTH AFRICA BILATERAL INVESTMENT TREATY. Official Gazette of the Islamic Republic of Iran No., 16244 Dated Nov. 28, 2000, Page 2. IRAN SOUTH AFRICA BILATERAL INVESTMENT TREATY Official Gazette of the Islamic Republic of Iran No., 16244 Dated Nov. 28, 2000, Page 2. Notice no.: GH-313 Notice date: Nov. 14, 2000 To: Hojjatoleslam Excellency

More information

Ms. Ifeyinwa Ikeonu Council Member ECOWAS Regional Electricity Regulatory Authority (ERERA) Accra, Ghana

Ms. Ifeyinwa Ikeonu Council Member ECOWAS Regional Electricity Regulatory Authority (ERERA) Accra, Ghana Ms. Ifeyinwa Ikeonu Council Member ECOWAS Regional Electricity Regulatory Authority (ERERA) Accra, Ghana INFRASTRUCTURE SERVICES UNDER REGIONAL TRADE AGREEMENTS: THE CASE FOR ENERGY INFRASTRUCTURE IN ECOWAS

More information

LEGAL REGIMES GOVERNING FOREIGN DIRECT INVESTMENT (FDI) IN HOST COUNTRIES

LEGAL REGIMES GOVERNING FOREIGN DIRECT INVESTMENT (FDI) IN HOST COUNTRIES LEGAL REGIMES GOVERNING FOREIGN DIRECT INVESTMENT (FDI) IN HOST COUNTRIES SRIJANEE BHATTACHARYYA SLAUGHTER AND MAY Type: Published: Last Updated: Keywords: Legal Guide November 2012 November 2012 Foreign

More information

Trade Union Vision 2020 for the Baltic Sea Region

Trade Union Vision 2020 for the Baltic Sea Region Trade Union Vision 2020 for the Baltic Sea Region April 12, 2011 in Riga 1 Trade Union Vision 2020 for the Baltic Sea Region The Baltic Sea Trade Union Network (BASTUN) is a network of trade union confederations

More information

DEVELOPING COUNTRIES. How the WTO deals with the special needs of an increasingly important group. 1. Overview. Chapter 6

DEVELOPING COUNTRIES. How the WTO deals with the special needs of an increasingly important group. 1. Overview. Chapter 6 Chapter 6 DEVELOPING COUNTRIES How the WTO deals with the special needs of an increasingly important group 1. Overview About two thirds of the WTO s around 150 members are developing countries. They play

More information

Introduction. Regional Economic Update and Policy Challenges

Introduction. Regional Economic Update and Policy Challenges Joint Statement of the 2 nd ASEAN Finance Ministers and Central Bank Governors Meeting (AFMGM), Vientiane, Lao PDR, 4 April 2016 Theme: Turning Vision into Reality for a Dynamic ASEAN Community Introduction

More information

Explanatory Statement

Explanatory Statement Explanatory Statement Addressing base erosion and profit shifting is a key priority of governments around the globe. In 2013, OECD and G20 countries, working together on an equal footing, adopted a 15-point

More information

ANNEX FRAMEWORK OF COOPERATION FOR AFRICA TURKEY PARTNERSHIP

ANNEX FRAMEWORK OF COOPERATION FOR AFRICA TURKEY PARTNERSHIP ANNEX FRAMEWORK OF COOPERATION FOR AFRICA TURKEY PARTNERSHIP The Heads of State and Government and Heads of Delegation of Africa, representing the Continent and the African Union and its Institutions;

More information

GLOBALIZATION INTERNATIONAL BUSINESS

GLOBALIZATION INTERNATIONAL BUSINESS GLOBALIZATION INTERNATIONAL BUSINESS OBJECTIVES To define globalization and international business and how they affect each other To understand why companies engage in international business and why international

More information

Discussion Paper on Follow-up and Review of the Post-2015 Development Agenda - 12 May 2015

Discussion Paper on Follow-up and Review of the Post-2015 Development Agenda - 12 May 2015 Discussion Paper on Follow-up and Review of the Post-2015 Development Agenda - 12 May 2015 Introduction This discussion paper outlines some key elements on follow-up and review which have emerged from

More information

1. The Parties agree that a delivery transmitted by electronic means shall not be subject to customs duties, fees or charges.

1. The Parties agree that a delivery transmitted by electronic means shall not be subject to customs duties, fees or charges. E-COMMERCE CHAPTER X ELECTRONIC COMMERCE Article X-01: Objective, Scope and Coverage 1. The Parties recognise that electronic commerce increases economic growth and trade opportunities in many sectors

More information

All role-players stand to gain from trade that is faster, easier and less costly:

All role-players stand to gain from trade that is faster, easier and less costly: The evolution of the trade facilitation concept, best practices and the Tripartite Comprehensive Tripartite Trade and Transport Facilitation Programme (CTTTFP) Willemien Viljoen 1. Introduction Some of

More information

Published in S. Evenett and A. Jara (Eds.), Building on Bali: A Work Programme for the WTO. VoxEU/CEPR e-book (December 18)

Published in S. Evenett and A. Jara (Eds.), Building on Bali: A Work Programme for the WTO. VoxEU/CEPR e-book (December 18) Published in S. Evenett and A. Jara (Eds.), Building on Bali: A Work Programme for the WTO. VoxEU/CEPR e-book (December 18) Multilateral Trade Cooperation post-bali: Three Suggestions Bernard Hoekman Robert

More information

TRADE BLOCS. Trade Blocs page 1

TRADE BLOCS. Trade Blocs page 1 TRADE BLOCS The Treaty of Rome reached in 1957 set in motion a process of integrating the economies of Western Europe. As we enter the new millennium, the European Union, instituting a common currency

More information