India against China-led investment pact at WTO
Financial Express Chennai|December 11, 2024
INDIA WILL CONTINUE to oppose China's move at the World Trade Organisation (WTO) for an agreement on investment facilitation even though it has garnered support from 128 countries out of 166 members, a senior official said.
Mukesh Jagota

China is moving the proposal for Investment Facilitation for Development (IFD) as a plurilateral agreement which means it will only be applicable to those who join it.

Countries like the EU and US are not joining the agreement but not opposing it either.

India will also submit papers in the WTO against this, the official said adding such agreements would dilute the multilateral nature of the Geneva-based organisation.

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