The WTO’s FDI Challenge
The World Trade Organization’s Investment Facilitation for Development Agreement provides developing countries with practical and effective tools to attract foreign direct investment. But it also represents a crucial test for the WTO at a time when the multilateral order is under growing strain.
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NEW YORK – Every country is eager to attract foreign direct investment – and for good reason. FDI facilitates capital inflows, creates jobs, drives skills development, and facilitates technology transfers, accelerating economic growth and enabling recipient countries to access global markets.