INVEST MEXICO FORUM

19 & 20 August
Expo Bancomer Santa Fé, México D.F.

HOTELS WITH SPECIAL RATE:

NOVOHOTEL SANTA FE

Rate
Includes:


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Key
HOTEL NH SANTA FE
Rate
Includes:
Reservations with
Central offices

Key

FIESTA AMERICANA
Rate
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FIESTA INN
Rate
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$1,100.00
Access to wireless Internet in all the areas
Pool, gym and sauna
Tranportation Hotel - Expo - Hotel
Phone 52+(55) 9177 7700
01800 700 66 86
INVEST


$1,100.00
Transportation to event
Mr. Mario Rojas
Ph. 52+ (55) 91 77 73 80
52+ (55) 52 29 15 00
01 800 90 333 00
INVESTMÉXICO U #79231061
www.nh-hotels.com
$1,100.00plus taxes
Ph. 01800 5045000 o al 52+(55) 5326 6900



$1,000.00plus taxes
Ph. 01800 5045000 o al (55) 5326 6900


SHERATON SUITES SANTA FE
Rate


Standard$175 dls. plus taxes


Reservaciones


Key

Master $255 dls. Plus taxes
Ph 52+. (55) 5258 8500
01800 903 2500

INVEST


AEROLÍNEAS CON TARIFA PREFERENCIAL

Key special rate: INVE 202148, it depends destin.
Key: IT20RG30209 Applies 20% in domestic flights over any public rate, except L, V, T, W, X, Z,
D
Applies 15% route Lima-over any kind public rate, except W, P, I, L
It does not apply in flights in shared code.
It applies in flights AM 3 digits and series 2000

The OECD Global Forums seek to deepen and extend relations with a large number of non-OECD
members and other stake holders by sharing OECD expertise in investment policy, particularly in those
domains that require multilateral co-operation and solutions.1Their openness incites the international
investment community to come together to exchange views and ideas on emerging issues in a receptive
and inclusive context. This peer learning and consensual approach to gaining a deep understanding of
best practices across a wide range of policy domains is indeed the well-testedmodus operandiof the
OECD and is a unique strength of the Organisation. It is especially apt for investment policy, since many
policy domains bear directly or indirectly on the investment climate. The OECD Investment Committee
through the Global Forums on International Investment is thus taking an active role in helping to achieve
the Millennium Development Goals (MDG) by sharing its expertise in establishing and organising
platforms so that all stakeholders and players can work towards maximising the potential benefits of
investment from a development perspective.
Mexico, 2001

The inaugural Forum took place in Mexico City in November 2001 in the context of a global
economic slowdown and falling foreign direct investment. However, the meeting was distinctly forward-
looking, as reflected in the title of the conference: New Horizons and Policy Challenges for Foreign
Direct Investment. Three main messages emerged from the Mexico Forum. First, foreign direct
investment is needed more than ever to achieve sustained development and poverty reduction, especially
in those parts of Africa and Asia where FDI inflows have been virtually absent. Second, attracting higher
levels of FDI needs to move beyond the traditional policy of liberalising FDI. A more holistic approach
is needed. One that embraces a broader set of policies and institutions, which serve to establish a
favourable context for investment. Competition, trade, tax, governance and human resource development
are some of the policy domains relevant for building an enabling environment for investment. The third
message is to fully recognise and elevate the importance that needs to be given to building the capacity to
formulate and implement coherent and effective policies in these domains. This is largely a shared
responsibility of governments in both developing and developed countries, of businesses and of
international organisations. Further, the Forum background papers and discussion provided input to the
UN International Conference on Financing for Development which took place in Mexico in March 2002
and fed into the investment work in other multilateral organisations.

Shanghai, 2002

In 2002 China, one of the fastest growing and highest profile destinations for foreign investment
inflows hosted the GFII. China is easily the largest non-OECD recipient of inward FDI, but if these
inflows are expressed as a share of GDP, or to population, their relative scale is small given China’s huge
potential. More generally, the distribution of inward FDI inflows among non-OECD developing
countries is very unequal. This means that the benefits from international investment, in terms of
increased production capacity and enhanced productivity through intensified competition, technology
transfer, human resource development and better management systems can be concentrated in a small
number of countries and in the hands of a few. Nor do the benefits accrue automatically. It was therefore
opportune that the December 2002 GFII held in Shanghai focussed on how to tap a developing
economies full potential to attract FDI for development.

Participants to the China GFII concluded that the three principal players in international investment:
the host and home countries and businesses all have a role to take in order to realise the full benefits from
FDI. The national investment climate in the host country plays a big part in business decisions on where

 

to locate international investment spending. In this respect, the Forum identified transparency and the
rule of law, notably regarding efforts to stamp out corruption, protect intellectual property and enforce
competition policies as pre-requisites for the attraction of foreign corporations. Transparency, together
with a stable macroeconomic environment, an effective and non-discriminatory regulatory framework for
investment and quality infrastructure and education systems are also important to ensure the benefits
from international investment in terms of economic and social development. The Forum examined how
the experiences and priorities among these policies and best practices differ across regions and countries.
Concerning the role of the ‘home country’, the Forum examined the linkages between development aid
and trade policies and FDI, and how non-OECD countries can better integrate into rules-based
international frameworks for investment. Finally, multinational enterprises (MNE) can contribute to local
development through technology diffusion, other knowledge transfers and ethical business practices. A
full session of the Forum was devoted to how best this can be done and the tools available to assist
MNEs in this endeavour. Stakeholders, however, cannot act in isolation. Above all, stronger partnerships
between governments, businesses, multilateral organisations and civil society are needed in order to
translate good intentions into tangible actions and results. The Global Forum also launched the OECD-
Asia Investment Initiative (see Chapter 3).

Johannesburg, 2003
The political, institutional and legal environment – the governance infrastructure of a country – is
perhaps the single most important factor in attracting international investment. The role played and how
to improve the governance infrastructure were the themes expanded upon in the November 2003 GFII,
hosted by the South African Government in Johannesburg. The Forum was divided into three sessions.
The first explored the case for good public governance for inciting investment and maximising its
benefits to host country societies. Country case studies, OECD and other research underpinned the
debate. The second session focussed on transparency and rule making as a key driver of economic
performance and investors’ decisions. The discussion centred on what achieving transparency means
from an investment policy perspective and what can be learnt from different experiences around the
world. The final session explored avenues for building capacity for policy transparency through the joint
efforts of host countries, OECD countries and the international business community. It reviewed and
made use of an implementation tool developed by the Investment Committee in 2003, the “Framework
for Investment Policy Transparency”. The Johannesburg Forum also endorsed the OECD’s Initiative on
Investment for Development, which identifies the specific policy approaches relevant to the investment
climate, offers benchmarks in these fields so that national governments can assess their own performance
and sets out a path for engaging non-member partners and other players to develop and promote the
strategy. The latter includes the use of peer reviews of investment policies as an instrument for building
analytical capacity and encouraging reforms where needed. The Global Forum also launched the
NEPAD-OECD Africa Investment Initiative, which is discussed in further detail in the following chapter.

New Delhi, 2004

Making the OECD’s Initiative on Investment for Development operational was one of the themes of
the 2004 GFII hosted by the Government of India in New Delhi. Other themes, also related to the
Initiative on Investment for Development, covered the appropriate roles of government and business for
corporate responsibility and reaping the most from foreign aid through investment development
synergies. In short, the unifying thread of the Forum was investment for development through the forging
of partnerships.
 

The New Delhi GFII resulted in a number of positive outcomes. It marked a major step forward in
the development of the OECD’s Policy Framework for Investment (PFI), an instrument designed to
improve the investment climate and inspired by the values that underpin the Monterrey Consensus.2
Specifically, the Forum discussed the broader context of international avenues to promote investment
and private sector development and focussed on two of the policy areas identified by the Task Force
developing the PFI: trade policy and competition policy. The deliberations at the Forum thus provided
input and helped to refine earlier versions of these two important building blocks of the PFI. Discussions
on the linkages between official development assistance (ODA) and investment identified a number of
areas for pursuing synergies, such as using ODA to: enhance a country’s investment climate; to give a
fillip to public-private partnerships; and to correct market failures that interfere with commercial risk
management. Concerning corporate responsibility, there was strong support for the OECD Guidelines for
Multinational Enterprises and agreement that the subject should continue to figure prominently in future
GFII agendas.
Rio de Janeiro, 2005

Following strong support at the 2004 GFII, the PFI will be the focus of the 2005 Forum, hosted by
the Brazilian Government in Rio de Janeiro in late October. The theme of the Forum will be ways of
putting the PFI into action. The main issues discussed were the other building blocks of the PFI, how to
strengthen developing country perspectives in the PFI and how to assist countries to implement policies
favouring a sound investment environment. Particular attention will be given to the factors that make for
successful private-public partnerships.

In summary, investment, both domestic and cross-border, is recognised as a powerful driver of
growth and of the integration of nations at different levels of development into the world economy. It is,
therefore, in the interests of everyone to nurture an investment climate that brings forth a higher level of
investment and unleashes its full potential to advance development. The Global Forums on International
Investment from Mexico to Brazil represent one of the effective vehicles for drawing on OECD and other
expertise and within a wider development agenda to ultimately fulfil the MDG.