The World Investment Conference, organized by the World Investment Promotion Agencies Association (WAIPA), which is headed by the Prime Ministry Investment Support and Promotion Agency of Turkey (Prime Ministry Investment Agency) and whose Agency is also a member, is held in Istanbul with the participation of more than 100 investment agencies' Edited.
Prime Minister's Investment Agency and WAIPA President Arda Ermut said in the opening speech of the conference that sustainable investments focused on human rights and environment will be supported in the upcoming period, stating that it is aimed especially at supporting foreign investment to developing countries.
Speaking at the inauguration of the conference, Deputy Prime Minister Mehmet SIMSEK said that Turkey left behind the worst after the attempt to take off on July 15, "Turkey's democracy is in its most powerful period today. We have put Turkey into a great reform process. Now we look at all our institutions with a great structural reform, the rule of law and democracy. We develop trade with all of our neighbors and our partners in the region. There may be debate within the family between neighbors. Sounds can rise. We left the whole thing behind. We have returned our route to the west. In the continuation of the Customs Union with the EU we proposed a new type of free trade agreement. With a new competitive agreement for agriculture, public procurement, procurement, manufacturing, we can raise our trade volume from $ 160 million today to several $ 600 million. We, as Turkey, are preparing our sectors with a comprehensive reform process that is shaped by strong democracy and rule of law. We are rebuilding the future by increasing savings through a comprehensive transformation. We have left behind the worst of the worst, "he said, adding that the most important obstacle to investment and trade at the global level is protectionism and that the opening speech is" investing in the whole world and reducing productivity. We are far from a global growth that creates employment. It is necessary to be constructive towards the future. Trade volume is almost half of global growth. In the global sense, active labor force policies should be created through education-strengthened, lifelong learning, and investment policies must be created with AR-GE and the inclusive model."
At the first session of the conference, Celestin Monga, Vice President of the African Development Bank, James Zhan, Director of Investments of the United Nations Conference on Trade and Development, CEO of the ICIEC (Investment Insurance and Export Credit Islamic Company), and Deputy Prime Minister Oussama Kaissi of the Islamic Development Bank Group ITAP Supervision Committee Mehmet Simsek spoke. In addition to the President and member of the Investment Agency from more than one hundred countries, the conferences gathered with the main theme of inclusive investment and sustainable development; UNCTAD, UNIDO, the OECD, the World Bank, the International Economic Development Council, the High Representative of the International Labor Organization, the private sector, the academic community and civil society organizations.
In his speech at the opening of the conference, Prime Minister's Investment Agency and WAIPA President Arda Ermut pointed out that sustainable direct investment, not just direct investment, is extremely important for future growth; "WAIPA, which has been operating in the Presidency of Turkey since 2014 in terms of investments and international direct investments, is the only platform in which investment agencies around the world are members. When we look at the world economy today, we see a more global structure, far from Western dominance. More than half of the international direct foreign investment flow, worth about $ 1.85 trillion in 2016, is now heading for these economies. Our target as the World Investment Agencies Association (WAIPA) is even higher. In the middle ward, we aim to cross the $ 2 trillion threshold. WAIPA is committed to making the world a sustainable economic activity network. We are increasing the investments by directing the trends about foreign direct investment promotion.
We argue that the fact that investment is sustainable is the most effective investment incentive strategy. Focusing on economic inequalities across the globe is still our number one goal. At WAIPA, we are determined to create a global investment market that approaches developing economies with a more inclusive approach. For this purpose, we are supporting them in their efforts to balance foreign direct investment flows through intensive cooperation with emerging economies."