Iraq’s Special Economic Zones: Brief Introduction, 7th Working Group Meeting on Investment Zones in Iraq, Maximilien Pierotti, International Programme Co-ordinator, UNIDO
Thomas Flynn, Policy Analyst, MENA Division, GRS
Paris, France
17 February 2015
Integrating Special Economic Zones into Economic Development StrategiesOECDglobal
17 February – The Seventh Meeting of the Working Group on Investment Zones in Iraq, Paris, France
Session 1: Rationales for Special Economic Zones (SEZs) and Best Practices
Integrating Special Economic Zones into Economic Development Strategies – Thomas FLYNN, Policy Analyst, Global Relations Secretariat, OECD
Iraq's Special Economic Zones: A Brief IntroductionOECDglobal
Presented 17 February 2015 - Paris, France
The Seventh Meeting of the Working Group on Investment Zones in Iraq
Session 2: SEZs in Iraq
Maximilien PIEROTTI, International Programme Co-ordinator, UNIDO and Thomas FLYNN, Policy Analyst, Global Relations Secretariat, OECD
Regional Strategy for Investments in AgricultureFAO
: Presentación (inglés) de Allister Glean en el marco del Eleventh regional planners forum on agriculture and Symposium on innovation systems for sustainable agriculture and rural development, realizado en Barbados del 13 al 15 de septiembre de 2017.
Aung Naing Oo from the Myanmar Ministry of National Planning and Economic Development describes how the Investment Policy Review of Myanmar was based on the OECD Policy Framework for Investment. This presentation was made at the Southeast Asia Regional Forum in Bali, Indonesia, on 24-26 March 2014.
Find out more at http://www.oecd.org/daf/inv/investment-policy/seasia.htm - http://www.oecd.org/daf/inv/mne/pfi.htm - http://www.oecd.org/globalrelations/seaforum.htm
These highlights from the OECD Investment Policy Review of Myanmar were presented at launch events in Myanmar on 1 and 4 March 2014. Myanmar's Union Minister of National Planning and Economic Development, Dr. Kan Zaw, praised the comprehensive nature of the report and said that it would help to guide the government in solidifying investment climate reforms and in promoting more and better investment.
Find out more at http://www.oecd.org/daf/inv/investment-policy/investment-policy-reform-in-myanmar.htm
Integrating Special Economic Zones into Economic Development StrategiesOECDglobal
17 February – The Seventh Meeting of the Working Group on Investment Zones in Iraq, Paris, France
Session 1: Rationales for Special Economic Zones (SEZs) and Best Practices
Integrating Special Economic Zones into Economic Development Strategies – Thomas FLYNN, Policy Analyst, Global Relations Secretariat, OECD
Iraq's Special Economic Zones: A Brief IntroductionOECDglobal
Presented 17 February 2015 - Paris, France
The Seventh Meeting of the Working Group on Investment Zones in Iraq
Session 2: SEZs in Iraq
Maximilien PIEROTTI, International Programme Co-ordinator, UNIDO and Thomas FLYNN, Policy Analyst, Global Relations Secretariat, OECD
Regional Strategy for Investments in AgricultureFAO
: Presentación (inglés) de Allister Glean en el marco del Eleventh regional planners forum on agriculture and Symposium on innovation systems for sustainable agriculture and rural development, realizado en Barbados del 13 al 15 de septiembre de 2017.
Aung Naing Oo from the Myanmar Ministry of National Planning and Economic Development describes how the Investment Policy Review of Myanmar was based on the OECD Policy Framework for Investment. This presentation was made at the Southeast Asia Regional Forum in Bali, Indonesia, on 24-26 March 2014.
Find out more at http://www.oecd.org/daf/inv/investment-policy/seasia.htm - http://www.oecd.org/daf/inv/mne/pfi.htm - http://www.oecd.org/globalrelations/seaforum.htm
These highlights from the OECD Investment Policy Review of Myanmar were presented at launch events in Myanmar on 1 and 4 March 2014. Myanmar's Union Minister of National Planning and Economic Development, Dr. Kan Zaw, praised the comprehensive nature of the report and said that it would help to guide the government in solidifying investment climate reforms and in promoting more and better investment.
Find out more at http://www.oecd.org/daf/inv/investment-policy/investment-policy-reform-in-myanmar.htm
16 February – Project Working Group, Paris, France
Iraq Project Introduction (Arabic version) – Klaus HACHMEIER, Iraq Project Co-ordinator, Global Relations Secretariat, OECD
Contribution of the Project to Iraq’s New Economic Policy
Objectives of foreign direct investmentsabin kafle
1)Sustaining a high level of investment
- Since the underdeveloped countries want to industrialized themselves within a short period of time, it becomes necessary to raise the level of investment substantially. This requires, in turn, a high level of savings.However, because of general poverty of masses, the savings are often very low. Hence emerges a resource gap between investment and savings. This gap has to be filled through foreign capital.
Sovereign Wealth Funds, Capacity Building, Development, and Governance Larry Catá Backer
Abstract: Though operating in some form or another for over half a century, sovereign wealth funds (SWFs) did not become an object of general attention until the early part of the 21st century when a combination of the need of developed states for investment and the growing acceptability of state investment in private markets abroad made them both threatening and convenient. Assured by the framework of the Santiago Principles most states now view SWFs as a useful multi-purpose sovereign investment vehicle. Yet over the last decade or so, SWFs appear to have developed the potential to become an important instrument in good governance and development, especially for resource rich and capacity poor developing states. Following the lead of Chile, and with the patronage of IFIs, these SWFs have begun to serve objectives as and with development banks both within and beyond their home state. This paper considers the capacity of SWFs to serve ends beyond mere fund value maximization as envisioned in the Santiago Principles. It explores the value of SWFs as a means of enhancing governance capacity in weaker states, its utility in enhancing development objectives, the emerging landscape of joint ventures among SWFs for development and their intersections with emerging infrastructure and development banks, and their importance in enhancing the operationalization of emerging international business and human rights standards not only within their own organizations but through their investment activities. A brief assessment of these trends ends the paper. Lastly it develops a set of transformative changes in approaches to SWF instrumentality that SWFs, especially the smaller SWFs and those in developing states, might deploy in structuring and operating their SWFs within a globalized economic order. These strategies are meant to avoid the circular characteristics of current discussions grounded on premises of finance instrument silos and state based systems that no longer accord with the realities of, and fail to take advantage of the possibilities now offered through, global finance and can be grouped into the three transforming categories suggested in Section III: regionalization strategies; financial objectives strategies; governance strategies.
Designing and implementing synergies; Coordinating investment in Research and...Dimitri Corpakis
My presentation at the WIRE 2016 Conference (session "Strategies & Synergies – Understanding how to implement funds most efficiently" ) , http://www.wire2016.eu
Integrating Special Economic Zones into Economic Development StrategiesOECDglobal
Integrating Special Economic Zones into Economic Development Strategies, 7th Working Group Meeting on Investment Zones in Iraq, Thomas Flynn, Policy Analyst, MENA Division, GRS, Paris, France
17 February 2015
16 February – Project Working Group, Paris, France
Iraq Project Introduction (Arabic version) – Klaus HACHMEIER, Iraq Project Co-ordinator, Global Relations Secretariat, OECD
Contribution of the Project to Iraq’s New Economic Policy
Objectives of foreign direct investmentsabin kafle
1)Sustaining a high level of investment
- Since the underdeveloped countries want to industrialized themselves within a short period of time, it becomes necessary to raise the level of investment substantially. This requires, in turn, a high level of savings.However, because of general poverty of masses, the savings are often very low. Hence emerges a resource gap between investment and savings. This gap has to be filled through foreign capital.
Sovereign Wealth Funds, Capacity Building, Development, and Governance Larry Catá Backer
Abstract: Though operating in some form or another for over half a century, sovereign wealth funds (SWFs) did not become an object of general attention until the early part of the 21st century when a combination of the need of developed states for investment and the growing acceptability of state investment in private markets abroad made them both threatening and convenient. Assured by the framework of the Santiago Principles most states now view SWFs as a useful multi-purpose sovereign investment vehicle. Yet over the last decade or so, SWFs appear to have developed the potential to become an important instrument in good governance and development, especially for resource rich and capacity poor developing states. Following the lead of Chile, and with the patronage of IFIs, these SWFs have begun to serve objectives as and with development banks both within and beyond their home state. This paper considers the capacity of SWFs to serve ends beyond mere fund value maximization as envisioned in the Santiago Principles. It explores the value of SWFs as a means of enhancing governance capacity in weaker states, its utility in enhancing development objectives, the emerging landscape of joint ventures among SWFs for development and their intersections with emerging infrastructure and development banks, and their importance in enhancing the operationalization of emerging international business and human rights standards not only within their own organizations but through their investment activities. A brief assessment of these trends ends the paper. Lastly it develops a set of transformative changes in approaches to SWF instrumentality that SWFs, especially the smaller SWFs and those in developing states, might deploy in structuring and operating their SWFs within a globalized economic order. These strategies are meant to avoid the circular characteristics of current discussions grounded on premises of finance instrument silos and state based systems that no longer accord with the realities of, and fail to take advantage of the possibilities now offered through, global finance and can be grouped into the three transforming categories suggested in Section III: regionalization strategies; financial objectives strategies; governance strategies.
Designing and implementing synergies; Coordinating investment in Research and...Dimitri Corpakis
My presentation at the WIRE 2016 Conference (session "Strategies & Synergies – Understanding how to implement funds most efficiently" ) , http://www.wire2016.eu
Integrating Special Economic Zones into Economic Development StrategiesOECDglobal
Integrating Special Economic Zones into Economic Development Strategies, 7th Working Group Meeting on Investment Zones in Iraq, Thomas Flynn, Policy Analyst, MENA Division, GRS, Paris, France
17 February 2015
The new data-driven industrial revolution highlights the need for big data technologies to unlock the potential in various application domains. The insurance and finance services industry is rapidly transformed by data-intensive operations and applications. FinTech and InsuranceTech combine very large datasets from legacy banking systems with other data sources such as financial markets data, regulatory datasets, real-time retail transactions, and more, improving financial services and activities for customers.
Thailand has had a remarkable economic development trajectory over the past 60 years and foreign direct investment (FDI) has been pivotal in this success. Thailand was one of the first movers in opening up to manufacturing FDI and in establishing proactive investment promotion and facilitation policies. While challenges remain in some areas of responsible business conduct, there is strong political will to address them. Thailand aspires to become a high-income economy by 2037 by upgrading to a value based green economy. Inward FDI will play a prominent role in achieving this goal but this requires a concerted effort to reform the investment climate to remain an attractive host to foreign investment and to benefit fully from that investment. While the COVID-19 crisis might temporarily delay progress, the policy recommendations in this Investment Policy Review of Thailand draw attention to potential reform priorities to help Thailand fulfil its development ambitions aligned with the Sustainable Development Goals and to contribute to a more inclusive and sustainable recovery from the pandemic.
Find out more at: http://www.oecd.org/investment/oecd-investment-policy-reviews-thailand-2020-c4eeee1c-en.htm
NV20:2020 The First Implementation Plan (2010 - 2013) - Presented by Hon. M...Victor Ordu
A presentation that provides a synopsis of the First National IMplementation Plan of the Nigeria Vision 20:2020
Credits: National Planning Commission, Federal Republic of Nigeria.
This presentation presents the main findings from the 2020 OECD Investment Policy Review of Myanmar. This publication will be launched at a virtual event in the presence of Myanmar's Union Minister for Investment and Foreign Economic Relations. The launch was followed by a high-level panel discussion on “Attracting quality investment and building resilience through responsible business conduct and international labour standards". http://www.oecd.org/investment/oecd-investment-policy-reviews-myanmar-2020-d7984f44-en.htm
Consultation with APEC Member states and World Bank at APEC-World Bank-Australia Workshop on Investment Promotion and Policy in Kuala Lumpur, 18-19 June 2019
This presentation outlines the investment policy review process that the government of Viet Nam is undertaking in partnership with the the OECD and ASEAN as part of an active programme of investment policy reforms.
To find out more visit: http://www.oecd.org/daf/inv/investment-policy/viet-nam-investment-policy.htm
Sri Lanka Final Outcome Presentation 2017 NovemberRajitha Perera
A Legal Framework for Ease of Doing Business for Foreign Direct Investment Promotion (B)”
Japan International Cooperation Agency (JICA)
Japan International Cooperation Agency (JICA) - Kobe, Hyogo, Japan
Training programme - “A Legal Framework for Ease of Doing Business for Foreign Direct Investment Promotion (B)”
JICA Knowledge Co-Creation Programme
Kansai International Center, Japan International Cooperation Agency
SOE REFORM: THE FOREIGN FIRMS’ PERSPECTIVE OECDglobal
SOE REFORM: THE FOREIGN FIRMS’PERSPECTIVE
State Owned Enterprises
OECD Iraq Conference February 16, 2015
Improving the business and investment climate in Iraq
CLDP - Commercial Law Development Programme
Similar to Iraq’s Special Economic Zones: Brief Introduction (20)
Pocketbook: Competitiveness in South East Europe 2018OECDglobal
The OECD has been working with the South East Europe (SEE) region since 2000 to develop and successfully implement policies for private sector development and investment. This pocketbook brochure summarises the most recent work in the region in the second edition of the Competitiveness in South East Europe: A Policy Outlook 2018. The study assessed six SEE economies in 17 policy dimensions through a highly participatory evaluation process that included in-depth, evidence-based analyses to provide guidance to governments and the private sector, and a toolkit for donors and international development agencies. For more information on the full publication, please click on this link: http://dx.doi.org/10.1787/9789264298576-en
Making Things Happen: Transitioning to a Circular Economy OECDglobal
Regional Policy Dialogue Meeting “SMEs in a Green Economy”, 09 March 2018, Paris
Session 4, "Making Things Happen: Transitioning to a Circular Economy", Iain Gulland – Chief Executive, Zero Waste Scotland
Regional Policy Dialogue Meeting “SMEs in a Green Economy”, 09 March 2018, Paris
Session 4, "Waste To Taste To 21st Century Food", Ivanka Milenkovic, GENERAL MANAGER - EKOFUNGI
Regional Policy Dialogue Meeting “SMEs in a Green Economy”, 09 March 2018, Paris
Session 4, "What is the Circular Economy?", Peter BORKEY, Principal Administrator, OECD Environment Directorate
SMEs’ financial challenges in Western Balkans to go green?OECDglobal
Regional Policy Dialogue Meeting “SMEs in a Green Economy”, 09 March 2018, Paris
Session 3, "SMEs’ financial challenges in Western Balkans to go green?", Safet Gërxhaliu, Member of the Managing Board of Western Balkans Chambers Investment Forum
Regional Policy Dialogue Meeting “SMEs in a Green Economy”, 09 March 2018, Paris
Session 3, Goran Korac, "Project "Design Center Promo21”, Business area Logorište, Karlovac, Croatia
Regional Policy Dialogue Meeting “SMEs in a Green Economy”, 09 March 2018, Paris
Session 3, "Environmental Financing in Estonia", Madis Kareda, Developmentmanager at EIC, Estonia
Croatia’s experience in improving access to finance for green SMEsOECDglobal
Regional Policy Dialogue Meeting “SMEs in a Green Economy”, 09 March 2018, Paris
Session 3, "Croatia’s experience in improving access to finance for green SMEs", Dubravko Ponoš, Director, ENERGY EFFICIENCY AND ENVIRONMENTAL PROTECTION FUND
Croatia
Incubation and Acceleration of High-Growth SMEs for a Greener EconomyOECDglobal
Regional Policy Dialogue Meeting “SMEs in a Green Economy”, 09 March 2018, Paris
Session 2, "Incubation and Acceleration of High-Growth SMEs for a Greener Economy", Dr. Deniz Tuncalp, Chief Marketing & Operations Officer, ITU ARI Teknokent, Turkey
Regional Policy Dialogue Meeting “SMEs in a Green Economy”, 09 March 2018, Paris
Session 2, "SMEs in a green Economy", James Hogan, Green Business Programme Manager
Clean Technology Centre
Cork Institute of Technology, Ireland
Policy Instruments to Promote Better Enviromental PerformanceOECDglobal
Regional Policy Dialogue Meeting “SMEs in a Green Economy”, 09 March 2018, Paris
Session 2, "Policy Instruments to Promote Better Enviromental Performance", Eugene Mazur, OECD Environment Directorate
SMALL BUSINESS ACT (SBA) ASSESSMENT
Study Visit Photos
“SME and Academia Collaboration: Turkey’s Experience in Innovation and Technology Centres”
29-30 November & 1 December 2017
Istanbul, Turkey
Session 7: Technology transfer capacity building and proof of concept instrum...OECDglobal
Day 2, Session 7, 30 November 2017, Istanbul, Bridging the Gap - Technology Transfer Capacity Building and
Proof of Concept Instruments, Huseyin KEBAPCI
Legal Adviser - Intellectual Property & Technology Transfer
Session 6: EU support on competitiveness and innovation in TurkeyOECDglobal
Day 2, Session 6, 30 November 2017, Istanbul, SME and Academia collaboration: Turkey’s Experience in Innovation and Technology Centres, Ela Yazıcı İnan, European Union
Day 1, session 2, 29 November 2017, Center for Entrepreneurship and Innovation, Prof. Dr. Şebnem BURNAZ,
Director. Zeynep ERDEN BAYAZIT, PhD, Associate Director
1. Iraq’s Special Economic Zones: Brief
Introduction
7th Working Group Meeting on Investment Zones in Iraq
Maximilien Pierotti, International Programme Co-
ordinator, UNIDO
Thomas Flynn, Policy Analyst, MENA Division, GRS
Paris, France
17 February 2015
2. Purpose of presentation
The presentation will draw practical conclusions from the
first session’s presentations.
• Status of Iraq’s efforts to develop SEZs
• Moving forward with Iraq’s SEZ development
OECD and UNIDO recommendations and questions for
discussion
3. Iraq’s approaches to SEZs
• Industrial complexes – concentrate specific activities (in particular
petrochemical industries) in one location
• Municipal zones – located within municipal boundaries (part of urban
planning efforts)
• Informal zones and clusters – business concentration initiatives to decrease
energy costs, etc. (various sectors: trade, services, and micro-industries)
• Free Zones – Ministry of Finance
Legislation - under the Free Zone Authority Law (Law Number 3) of 1998,
Instructions for Free Zones Management and the Regulation of Investors’ Business
Nr. 4 (1999)
Capital, profits and investment income for investment in free zones through
industrial, commercial, and service projects are exempt from all taxes and fees
throughout the life of the project, including the construction phase
Zones: Basra/Khor al-Zubair Free Zone; Ninewa/Falafel Free Zone; Al-Qa’im Free
Zone; Fallujah Free Zone
4. Iraq’s approaches to SEZs (cont.)
• Kurdistan Region
Legislation: Bylaw on industrial zone development
Institutional: Industrial Zone Board (under the Ministry of
Industry, with participation of other stakeholders)
SEZ Policy: Regional Development Strategy for Kurdistan
Region 2012-2016 (Ministry of Planning)
Pilot Projects – KRG/World Bank Project 2010
• Work on zones in Erbil Industrial Zone and Sulaymaniyah Industrial Zone
• Completed feasibility studies
• Contact with investors and foreign developers but the projects have not
materialised yet
• Absence of (sovereign) financial guarantees reported as one of the main
obstacles to the involvement of foreign investors in the zone development
5. • Legislation
Draft Industrial Zone law
Draft Investment Zone regulation
Draft PPP law
Economic Reform Law
• SEZ policy
National Development Plans
PSD Strategy 2014-2030
Ministry of Industry - Industrial
Strategy
NIC strategies
OECD SEZ Handbook and UNIDO
Roadmap
Investment Zones and Industrial Zones: GoI’s efforts
with assistance from international partners
• Institutional framework
Private Sector Development
Council
Industrial Zone Committee
• Pilot projects aligned with
development strategies
NIC: Hatein, Baghdad
International Airport, Basra
Ministry of Industry: Basra, Thi
Qaar
Government of Iraq with
assistance of UNIDO: Al-
Faw/Basra and Najaf
6. Recommendations
• Pilot projects
Use existing legal provisions and exercise flexibility to develop pilot projects while
developing, in parallel, new and more comprehensive laws and regulations
• Create institutional co-ordination mechanism
To identify strategic projects, support the allocation of government funds, and
monitor the development/implementation of specific projects
Need for private sector involvement and consultations with
regional/provincial/municipal authorities
Political advocacy
• Develop a strategic framework to promote SEZ development across Iraq
Link SEZs to Iraq’s overall economic development plans – including investment and
industrial strategies
Identify strategic projects, locations and sectors that capitalise on Iraq’s
comparative advantages
Learn from pilot experiences to inform and adapt strategy
7. Moving forward with SEZ development:
Questions
• How can the GoI support the development and implementation of pilot
projects?
• What are the most important legal obstacles to the creation and adequate
administration of SEZs?
Should the GoI adopt a new legal framework and enabling regulations? Should the
GoI adopt a uniform SEZ law?
• What sort of institutional structure is needed to support SEZ development at
the national and local levels? What should be the institutional platform?
What could be the key features of an SEZ (including incentives) in the Iraqi
context?
• How can Iraq promote the establishment of SEZs over the long run (and fulfil
its zone development objectives)?
How can the GoI better formulate and adopt a policy/strategic framework and how
to link to SEZ development?
Editor's Notes
Al-Faw industrial zone
Location: Basra
Status: in planning – pre-feasibility study drafted (with support of UNIDO)
Industrial zone in Najaf
Status: in planning – feasibility process completed
Khor al-Zubair Industrial Zone
Iraq’s industrial strategy plans five additional industrial zones and one technology city by 2022 and an industrial zone in every governorate in addition to three technology cities by 2030
The Private Sector Development Strategy of Iraq (2013-2030) also sets targets for zone development (see p. 40)
Zones
Dohuk Industrial Zone
Location: near Simel between the cities of Duhok and Zakho
Status: A few industrial plants exist in the declared industrial zone, but the legal status and associated benefits are unclear. Furthermore, no information is available regarding the planning of zone development.
Erbil Industrial Zone
Location: Khabat, a town about 30 km west of Erbil city
Status: The zone has been relocated several times. In May 2014, Silver Star Company was contracted to develop the project. Only preparatory measures have been taken and actual zone development has not started.
Erbil North/South Industrial Area
Location: Erbil
Status: The areas are not dedicated industrial zones, but earmarked and used for industrial purposes.
Arbat Industrial Zone
Location: Arbat, about 20 km SE of Slemani, 684 hectares of land are available
Status: Several Iranian companies have been contracted to develop the area and to implement anchor projects.
Slemani Economic Free Zone
Location: The Western entrance to the city near Slemani International Airport
Status: A 2011 master plan includes a proposed land use and 5-year development plan. Phase 1 was supposed to have been completed in 2015, but is suspended and the area remains undeveloped.
Garmyan Industrial Zone
Location: near Kalar
Status: The status of the Garmyan Industrial Zone is unclear at the moment; it will be developed in the framework of the development of the Garmyan area.
Slemani Industrial Zone
Location:
Status: Plans for the establishment of an industrial zone in Slemani exist, but information on their status is currently not available.
Hatein investment zone
Location: Babil province
Status: in planning (next step: feasibility study, supported by OECD)
Other planned investment zones
Baghdad International Airport: High-tech, communications and services
Basra Province: Transport and logistical services
Al-Anbar Province: Construction, glass and ceramics
Nineveh Province: Specialised mechanical industries
Middle Euphrates: Foodstuff industries
Diyala Tourist City