World Health Organization Members participating in the discussions concerning Investment Facilitation for Development (IFD) declared the completion of negotiations regarding the wording of that Agreement
The members of the World Health Organization (WTO) who are participating in the discussions on investment facilitation for development (IFD) have declared the conclusion of the negotiations on the content of the Agreement after three years of intensive negotiations involving over 110 WTO members at various stages of development.
This announcement represents a significant achievement in the negotiations and emphasizes the shared hope of IFD participants that the IFD Agreement will achieve another important milestone at the 13th Ministerial Conference (MC13) of the WTO, scheduled to take place in Abu Dhabi in February 2024.
During the session, Ambassador Sofía Boza, who is a co-coordinator of the negotiations, served as the moderator. She emphasized that the number of participants in the initiative has been steadily increasing since it was launched at the 11th WTO Ministerial Conference in Buenos Aires in 2017. She mentioned that the discussions have been transparent, inclusive, and open to all WTO members. Additionally, she pointed out that out of the over 110 members participating, 77 of them are developing countries and 20 are LDCs
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