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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
to receive the technical assistance and capacity-building
support they need to implement it.
Participants are proposing to add the Agreement to
Annex 4 of the Marrakesh Agreement Establishing the
WTO. While the IFD Agreement would be plurilateral
(binding only on those members that accept it), it is
open for all WTO members to join. Participants stressed
that incorporation of the IFD Agreement into the WTO is
critical for the Agreement to deliver its benefits, notably
for developing and LDC members, who are in the
greatest need of more sustainable investment flows. An
IFD Agreement in the WTO will also serve as a key
catalyst for international support for national and
regional investment facilitation efforts.
Article X.9 of the WTO Agreement provides that, upon
the request of the member parties to the plurilateral
agreement, the Ministerial Conference may decide
exclusively by consensus to add the agreement to Annex
4. Participants emphasised that they look forward to
discussing their request with all WTO members in an
open, inclusive and transparent manner during MC13
with a view to achieving their common aspiration of
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