As the leading business speaker at the opening plenary session of the virtual Global Investment Promotion Conference organized by the UN Conference on Trade and Development (UNCTAD) December 7-8, USCIB President and CEO Peter Robinson laid out a clear message on the importance of investment in driving global economic recovery, trade and jobs.
Robinson shared the virtual dais with UNCTAD Secretary General Mukhisa Kituyi, President of Botswana Mokgweetsi Masisi, Prime Minister of Barbados Mia Mottley, as well as leading business representatives, including the International Chamber of Commerce (ICC) Permanent Observer to the United Nations Andrew Wilson.
Robinson’s remarks on trade focused on Foreign Direct Investment (FDI) and the critical role of governments’ efforts in promoting FDI; he emphasized the importance of a strong investment climate and rule of law as foreign investors evaluate possible foreign investments. Robinson also endorsed UNCTAD’s efforts to build capacity of developing country governments in investment promotion. According to Robinson, one key element in any investment agreement is access to effective, independent dispute settlement procedures by a potential investor.
“I was honored to be included in the opening panel for UNCTAD’s important virtual conference on investment promotion,” Robinson said. “We appreciate UNCTAD’s work in the critical area of investment policy. UNCTAD has clearly established itself as the global ‘go-to’ source for investment statistics and catalogue of provisions of regional and bilateral investment agreements. We also greatly support UNCTAD’s efforts to include business perspectives in their conferences, including in panels and debates. We at USCIB are convinced that FDI flows in all directions are key to getting the global economy back on track. The economy benefits from both inward and outward FDI flows, fostering trade, creating good jobs at home and abroad, as well as bolstering American competitiveness in today’s and tomorrow’s competitive global economy.”
USCIB member and Microsoft’s Vice President for UN Affairs in NY John Frank was a featured speaker on a December 8 panel “Executive Dialogue of Investment Facilitation and Advocacy.” The Conference program and full list of speakers is available at Global Investment Promotion Conference – World Investment Forum – UNCTAD