The World Trade Organization (WTO) concluded the Agreement on Investment Facilitation for Development, known to participants as "IFD," in Geneva on July 6. There was no ministerial meeting to herald it, nor was it declared as part of a celebration of the Diamond Jubilee of the multilateral trading system.1 Despite the lack of high-level fanfare, this agreement represents important progress.
The agreement is remarkable for several reasons
First, investment is a thorny issue when tackled in large multiparty negotiations. Its inclusion in the International Trade Organization (ITO) was one of the…
