THE AFRICAN, CARIBBEAN AND PACIFIC GROUP OF STATES (ACP) MINISTERIAL ROUNDTABLE
Trade and Investment policies for Development
Trade and investment policies often work in silos. In the context of global value chains (GVCs) they can have unintended and counterproductive reciprocal effects. To avoid this, ACP policymakers – where necessary, with the help of international organizations – should carefully review those policy instruments that simultaneously affect investment and trade in GVCs; i.e. trade measures affecting investment and investment measures affecting trade. Furthermore, at the institutional level, the trade and investment links in GVCs call for closer coordination and collaboration between trade and investment promotion agencies.
The relevance of regional value chains underscores the importance of regional cooperation. Regional industrial development compacts could encompass integrated regional trade and investment agreements focusing on liberalization and facilitation and establishing joint trade and investment promotion mechanisms and institutions. In as far as investment policies and agreements are concerned, ACP countries can find inspiration in the ACP Guiding Principles for Investment Policymaking jointly developed with UNCTAD which calls for better policy coherence at the national and international levels and greater regional cooperation.
Issues for the debate:
- The evolving relationship between trade and investment policies in ACP countries
- The implications for industrial policy and GVCs
- Enhancing synergies between trade and investment policies for development in ACP countries
- What can the ACP Secretariat and UNCTAD do in this regard
In partnership with:
Event Manager: Mr. Hamed El Kady
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