The Lima Declaration on FTAAP instructed officials to carry out work in specific areas. In 2017, with China and Australia as leading economies, the CTI developed the FTAAP work program on investment, which outlined further work on investment including capacity building projects.
In support of the investment work program under the FTAAP, China proposes to hold an APEC Workshop on Optimizing Investment Measures in the Asia-Pacific Region, which seeks to help economies clearly identify the areas of convergence in investment practice and exchange experiences on the negotiation and implementation of IIAs (international investment agreements, including bilateral investment treaties(BITs), bilateral investment agreements(BIAs), investment chapters under regional trade agreements(RTAs)/ free trade agreements (FTAs)).
Currently, foreign direct investment (FDI) has become one of the major engines of economic growth, trade expansion, job creation and social development. . Progressive integration of world markets and the attendant closer links between trade and investment have resulted in FDI becoming more prominent in FTAs and RTAs in addition to a large number of implemented BITs and BIAs. Since 1990s, investment chapters under RTAs/FTAs have evolved from focusing mostly on investment liberalization, facilitation, promotion and protection to putting greater emphasis on removing impediments to FDI as well as safeguarding of the public interest.
In this context, the workshop will focus on sharing best practices and exchange experiences of policies on investment liberalization, facilitation, promotion and protection. The specific objectives of the workshop are:
1) build capacity on investment liberalization measures, such as applying the negative list for market access;
2) build capacity on investment facilitation measures, such as providing one-stop shop service for foreign investors;
3) build capacity on investment promotion measures, such as measures reducing the operating cost of foreign investors in the host economy; and
4) build capacity on investment protection such as safeguarding the lawful rights and interests of foreign investors. The workshop will take place in April, 2019 in China.