ANDEAN INVESTMENT PROMOTION STRATEGY

The Member Countries recognize the importance of creating a favorable environment for the development of investment flows in the Andean subregion, which means giving investment promotion and protection activities a regional dimension.   

The implementation of an Investment Promotion Strategy for the Andean Community is aimed at enhancing national strengths and coordinating joint actions to ensure that foreign investment contributes to the integration and effective development of the Andean subregion.   

In Sao Paulo, Brazil, in June 2004, the Secretaries General of the Andean Community (CAN), Allan Wagner, and of the United Nations Conference on Trade and Development (UNCTAD), Rubens Ricupero, unveiled a report on investment promotion that could serve as a basis for the preparation of the Andean Investment Promotion Strategy.