Key Metrics
11.77
Heat Index-
Impact LevelMedium
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Scope LevelGlobal
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Last Update2026-03-30
Key Impacts
Positive Impacts (12)
Event Overview
A multilateral agreement, initiated by developing nations, aims to enhance the global investment environment and boost foreign investment. The agreement, supported by a majority of WTO members, highlights the growing influence of developing economies in shaping international trade policies.
Collect Records
129 WTO Members Launch Multilateral Investment Facilitation Agreement
On March 29, during the 14th Ministerial Conference of the World Trade Organization (WTO), 129 members, including China, issued a joint declaration to initiate the implementation of the world's first multilateral investment facilitation agreement. The agreement, led by developing members and covering 92 developing members (including 28 least developed countries), aims to improve the global investment environment and promote foreign investment flows. It is expected that once in effect, the agreement could increase global foreign direct investment by 9% and boost global GDP by about 1% over ten years.