In order for ASEAN to enhance its attractiveness as an investment destination as envisioned in the AEC Blueprint 2025, ASEAN needs to boost its effort in investment promotion and facilitation. This paper aims to provide ASEAN Member States with a deeper understanding of regional and global ‘best practices’ in investment promotion and facilitation. This deeper understanding may be used to guide current or future initiatives, whether at the regional, national or sub-national level, in order to facilitate freer flow of capital and investment.
Specifically, this paper identifies best practices and lessons learned in the four core functions of Investment Promotion Agencies (IPAs): promotion, attraction, facilitation and aftercare. It proposes and examine opportunities for development of practical initiatives in two areas that are potential areas for practical initiatives by AMS: 1) Formal & Informal Ambassadorial and cultural networks; and 2) private sector partnerships. Separate reports on each of these areas are available through the Services and Investment Division of the ASEAN Secretariat.