An International Support Programme for Sustainable Investment Facilitation
International Centre for Trade and Sustainable Development (ICTSD), July 2015
12 Pages Posted: 26 Mar 2018 Last revised: 19 Apr 2018
Date Written: July 1, 2015
This note advances the case for an international support programme for sustainable investment facilitation. As it explains, potentially all investments are sustainable, but the appropriate policy frameworks need definition, often in novel ways and increasingly in partnership with multiple stakeholders, domestic and foreign. Facilitating investment for future needs, therefore, is not a matter of promotion-as-usual, but a process of discovery and diffusion of new approaches and applications, a process that needs nurturing and support by the international community. Ways in which such backing can be provided to an international support programme for sustainable investment facilitation are discussed in detail, including making use of the World Trade Organization-(WTO) led Aid-for-Trade Initiative and the recently adopted WTO Trade Facilitation Agreement.
The issues mentioned for possible inclusion in the support programme, as well as the options outlined on how such a programme could be put in place, are illustrative. The key premise is the importance — and urgency — of creating more favourable conditions for sustainable FDI flows to meet the investment needs of the future. As governments and the private sector increasingly share this view, they will hopefully muster the political will and find the appropriate venue to put an international support programme for sustainable investment facilitation in place.
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