Latest Development in OIC Regional Integration Efforts and Implications for FDI

The 57 Member States of the Organization of Islamic Cooperation have initiated ambitious plans to improve the investment climate and increase the attractiveness of their economies to Foreign Direct Investment. Most recently, OIC Member States have convened their First Forum of Investment Promotion Agencies in order to share lessons learnt and best practices. The Forum has endorsed key and specific recommendations, including in the area of International Investment Agreements Reform. Most importantly, the priority areas for the speedy implementation of the OIC Agreement for Promotion, Protection and Guarantee of Investment among OIC Member States have been identified.