26th World Investment Conference Opening Ceremony
Opening Remarks | #WIC22
Mr James Zhan, Senior Director of Investment and Enterprise, UNCTAD
“Health, agro-business, Food Security, Energy are the key sectors, and because of the Crisis, governments are now boosting investments and that provides the opportunity to leverage these private sectors. This is the area for IPAs to target.”: Mr James Zhan, Senior Director of Investment and Enterprise, UNCTAD
Some other excerpts from the talk:
- Another broad aspect is Global Value Chain Restructuring, that is resilience driven, geo-political and rivalry driven, but that will increase new regional hubs, new subregional clusters, and create investment diversification, nearshoring opportunities. Service offshoring, particularly high value added, has continued to increase along with Global Value chains, and servicification of manufacturing. All these create great opportunities for IPAs to look into to target at.
- It calls for a new strategy in New era of investment. The New Era is characterised by “VUCA”: Volatility, Uncertainty, Complexity, Ambiguity, which has growing and that increases the challenges, but sustainability imperative will drive the investment to the sustainability development sectors, crave new opportunities. Get ready with your pipeline projects, re-structure your investment incentives, because of the global cooperative income tax reforms. It’s coming and will impact an overwhelming majority of your investment promotion schemes, your incentive schemes, which is part of industrial policy, you need to redo that.