WTO members substantially conclude text negotiations on IFD

STORY: WTO members substantially conclude text negotiations on IFD DATELINE: Dec. 18, 2022 LENGTH: 00:03:45 LOCATION: GENEVA, Switzerland CATEGORY: ECONOMICS SHOTLIST: 1. various of the WTO 2. SOUNDBITE 1 (English): SOFIA BOZA, Permanent representative of Chile to the WTO 3. SOUNDBITE 2 (English): JUNG SUNG PARK, Deputy permanent representative of the Republic of Korea to the WTO STORYLINE: Members of the World Trade Organization (WTO) substantially concluded on Friday in Geneva the text negotiations on Investment Facilitation for Development (IFD). The IFD agreement is the first negotiation topic set up and actively led by China in WTO. It aims to establish international rules, improve the transparency of investment measures, speed up and streamline investment-related administrative procedures, and enhance international cooperation. More than 110 WTO members signed and participated in the negotiation of the IFD. "We are only steps away from concluding the first investment negotiation in the WTO an