On 1 February, Georgia became a member of the World Association of Investment Promotion Agencies (WAIPA) through the application of “Invest in Georgia,” which is run by the country's export support agency Enterprise Georgia, reported agenda.ge.
“Enterprise Georgia will benefit from various opportunities including the ability to share in best practices, explore opportunities of new partnerships, and participate in various forums and seminars to further comprehend the newest tendencies in terms of global foreign direct investment” read the press release published by the agency.
The World Association of Investment Promotion Agencies (WAIPA) is an international organisation established in 1995 by the United Nations Conference on Trade and Development, that acts as a forum for investment promotion agencies (IPA), provides networking and promotes experience sharing in investment promotion. Currently WAIPA unites more than 170 members worldwide from 130 countries. WAIPA's main mission is to facilitate and develop cooperation between its member agencies, share the experience of countries and regions in attracting foreign direct investment, and provide access to various sources of data.
