The Ministry of Industry, Commerce and Employment (MoICE) would like to inform that under the Economic Cluster Programme one of the Key Performance Indicators (KPIs) is to increase Foreign Direct Investment (FDI) to Nu. 100 billion by the year 2029 and the Invest Bhutan Division under the Deparment of Industry, Ministry of Industry, Commerce and Employment is madated to carry out FDI promotions related activities to meet the KPI.
One of the FDI promotional related activities planned during the 13FYP is obtaining the membership to the World Association of Investment Promotion Agencies (WAIPA). It‘s a global reference point for FDIs where investment promotion agences (IPAs) around the world engage in networking and share best practices of investment promotions. Information on WAIPA is available at www.waipa.org. Becoming member to WAIPA, Bhutan can proactively promote FDIs globally and it would be instrumental in achieving the above mentioned KPI.
As the Rules of Procedures for Treaty Making 2016, the Ministry is required to carry out stakeholder consultations followed by submission of the Preliminary National Interest Analysis to the Cabinet Secretariat. We have prepared an assessment of membership to WAIPA and along with the WAIPA Statutes we would like to carry out general consultation on these two documents.
Therefore, we would appreciate receiving views/comments on WAIPA membership preferably by 25th August 2023 via email@example.com . Kindly find attached Ministry‘s assessment on WAIPA membership and WAIPA Statutes for reference.