India opposes investment facilitation talks at WTO

Govt feels allowing discussion at WTO would be akin to handing over policy space to decide on things

Subhayan Chakraborty  |  New Delhi 

India will continue to oppose talks on a proposed investment facilitation agreement at the World Trade Organization (WTO), senior government sources say. A demand to put the topic on the official agenda for the December ministerial conference in Argentina was opposed by India earlier this week. The government feels allowing such a discussion at WTO would be akin to handing over policy space to decide on things such as the foreign direct investment norms and arbitration clauses. “Things like investment facilitation and arbitration are bilateral and should remain ...

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India opposes investment facilitation talks at WTO

Govt feels allowing discussion at WTO would be akin to handing over policy space to decide on things

New Delhi, 14 MayIndia will continue to oppose talks on a proposed investment facilitation agreement at the World Trade Organization (WTO), senior government sources say.A demand to put the topic on the official agenda for the December ministerial conference in Argentina was opposed by India earlier this week. The government feels allowing such a discussion at WTO would be akin to handing over policy space to decide on things such as the foreign direct investment norms and arbitration clauses."Things like investment facilitation and arbitration are bilateral and should remain so," a senior official said, under condition of anonymity. To bring anything like this on the table should require the unanimous support of members, he added.With the December meet coming nearer, negotiations are heating up on the topics to be discussed. Once the official agenda is framed, nations are bound by WTO norms to discuss those and not introduce newer ones."With only seven months left, we don't have ... India will continue to oppose talks on a proposed investment facilitation agreement at the World Trade Organization (WTO), senior government sources say. A demand to put the topic on the official agenda for the December ministerial conference in Argentina was opposed by India earlier this week. The government feels allowing such a discussion at WTO would be akin to handing over policy space to decide on things such as the foreign direct investment norms and arbitration clauses. “Things like investment facilitation and arbitration are bilateral and should remain ... image
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