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2/28/24, 10:22 AM Three-quarters of WTO members mark finalisation of IFD Agreement, request incorporation into WTO | Emirates News Agency
that, together, we will get it done."

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for

Foreign Trade and MC13 Chair, said that the finalisation

of the IFD Agreement is the result of more than six years

of work, dedication and vision of more than 120

members. "This agreement is proof of the power of

collaboration and compromise and the shared vision of

an open and rule-based trade," he said.

Participating members took the floor to stress that the

IFD Agreement incorporated in the WTO would create

clear and consistent global benchmarks for investment

facilitation, reducing regulatory uncertainty and making

it easier for investors to invest. It would anchor their

domestic reforms in shared international commitments,

thereby sending a strong signal to investors that a host

economy is committed to reforming its investment

climate. The Agreement explicitly excludes market

access, investment protection and investor-state dispute

settlement.

The IFD participants also underlined that, once

incorporated in the WTO, the IFD Agreement will allow

developing and least-developed country (LDC) members

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