After the signing of the new agreement on Friday, Philippine officials said a new ambassador would be appointed to Kuwait and that President Duterte would advise lifting his entry ban. A bitter dispute between Kuwait and the Philippines over the treatment of domestic workers will end with the signing of a new agreement. UNCTAD`s Work Programme on International Investment Agreements (IAA) actively supports policy makers, government officials and other IIA stakeholders in the IIA reform to make them more conducive to sustainable development and inclusive growth. International investment rules are established at bilateral, regional, inter-regional and multilateral levels. It requires policy makers, negotiators, civil society and other stakeholders to be well informed about foreign direct investment, international investment agreements (AI) and their effects on sustainable development. Key objectives of UNCTAD`s IIA work programme – Reform of the International Investment Agreements (IIA) regime to improve the dimension of sustainable development; A comprehensive analysis of key issues arising from the complexity of the international investment regime; Development of a wide range of instruments to support the development of a more balanced international investment policy. A copy of the agreement, which is available to AFP, states that workers have the right to keep their passports and mobile phones, which are regularly seized by employers in Kuwait and other Gulf countries. “I think the crisis is over. We will continue bilateral relations and resume normal relations with Kuwait,” said an AFP official. An important reference point for policy makers in formulating investment policies and negotiating investment agreements.

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