- RECOMMENDATION TO GOVERNMENTS: IMPROVE CONDITIONS FOR INVESTMENT
The Director of the Foreign Investment Promotion Agency of BiH (FIPA) Gordan Milinić participated at the 23rd annual World Investment Conference (WIC18), which was held in Xiamen, China.
The annual meeting held under the theme “A New Era in Foreign Direct Investment” brought together over a hundred leading investment promotion agencies (IPAs), international organization’s leaders, heads of financial institutions, leading political figures, private sector representatives, prominent economists and researchers from more than 60 countries around the world. This is an annual World Investment Conference (WIC18), the flagship event of the World Association of Investment Promotion Agencies (WAIPA) hosted by CIFIT and WAIPA Member China Investment Promotion Agency (CIPA) at Xiamen International Conference Center in China.
The conference focused on empowerment and enhancement of IPAs capacities and their corporate development with the support of international bodies in global community.
It was emphasized that foreign direct investments are vital to maintaining and strengthening the economic growth of all countries, and especially developing countries. Foreign direct investments stimulate technological innovation, knowledge transfer, contribute to the creation of new jobs and create new production capacities in the global economy.
All participants of the conference agreed that for attracting foreign investments, the most important is to work on improving the business environment, so the recommendation from the event is that the governments of all countries should facilitate investment conditions and open as many business and free zones as possible for foreign investors.
The agencies unanimously concluded that post-investment support to existing investors must be strengthened, as they significantly contribute to the arrival of new investors.
Participating in the conference, Mr Milinić met with a large number of foreign investors to discuss possibilities for investing in BiH and potentials that Bosnia and Herzegovina can offer investors. Also, meetings were held with several leading Chinese companies that agreed to visit BiH.