The WAIPA was founded in 1995 as an association under Swiss law. It is a nongovernmental organization that provides the opportunity for investment promotion agencies to network and exchange the most effective practices in investment promotion. Apart from building the human resources capacity of its member agencies, the WAIPA organizes training events, either independently or in coordination with partner organizations. Announcing that membership is open to all entities, the WAIPA stresses on its official webpage that the primary function of the organization is "to promote any country, political subdivision of a country or other uncontested territory, as a destination for, or source of, investments."
A new era in which Turkey will take off faster is about to begin with the leaderships of President Erdoğan and Prime Minister Davutoğlu. Foreign investors' expectations also show that Turkey will be in a higher league of foreign direct investments.