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Consider the following statements regarding the Investment facilitation for Development (IFD):
1. It was launched at the 11th World Trade Organisation’s Ministerial Conference.
2. It aims to create legally binding provisions to facilitate investment flows.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements regarding the Investment facilitatio...
Statement Analysis:
Statement 1:
The first statement is correct. The Investment Facilitation for Development (IFD) was indeed launched at the 11th World Trade Organisation's Ministerial Conference.
Statement 2:
The second statement is also correct. The main objective of IFD is to create legally binding provisions to facilitate investment flows.
Therefore, both statements 1 and 2 are correct.
Explanation:
Investment Facilitation for Development (IFD) is an initiative aimed at creating a multilateral framework with legally binding provisions to facilitate investment flows. It was launched at the 11th World Trade Organisation's Ministerial Conference with the goal of promoting investment facilitation as a tool for development. The initiative seeks to address the challenges faced by investors in different countries and aims to streamline the investment process by reducing red tape and enhancing transparency.
IFD is focused on promoting a more open, transparent, and predictable investment environment by providing a set of common rules and principles that can guide countries in attracting and retaining foreign investment. By creating a more conducive environment for investment, IFD aims to boost economic growth, create jobs, and foster sustainable development.
In conclusion, Investment Facilitation for Development (IFD) is an important initiative that seeks to promote investment flows through legally binding provisions, and it was launched at the 11th World Trade Organisation's Ministerial Conference.
Statement 1:
The first statement is correct. The Investment Facilitation for Development (IFD) was indeed launched at the 11th World Trade Organisation's Ministerial Conference.
Statement 2:
The second statement is also correct. The main objective of IFD is to create legally binding provisions to facilitate investment flows.
Therefore, both statements 1 and 2 are correct.
Explanation:
Investment Facilitation for Development (IFD) is an initiative aimed at creating a multilateral framework with legally binding provisions to facilitate investment flows. It was launched at the 11th World Trade Organisation's Ministerial Conference with the goal of promoting investment facilitation as a tool for development. The initiative seeks to address the challenges faced by investors in different countries and aims to streamline the investment process by reducing red tape and enhancing transparency.
IFD is focused on promoting a more open, transparent, and predictable investment environment by providing a set of common rules and principles that can guide countries in attracting and retaining foreign investment. By creating a more conducive environment for investment, IFD aims to boost economic growth, create jobs, and foster sustainable development.
In conclusion, Investment Facilitation for Development (IFD) is an important initiative that seeks to promote investment flows through legally binding provisions, and it was launched at the 11th World Trade Organisation's Ministerial Conference.
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Consider the following statements regarding the Investment facilitatio...
One of the significant developments at the 13th Ministerial Conference (MC13) of the World Trade Organization (WTO) in Abu Dhabi was the non-adoption of the agreement on Investment Facilitation for Development (IFD).
- It is a joint initiative launched at the 11th WTO Ministerial Conference (MC11) in 2017 on a plurilateral basis by 70 countries.
- This was done through a process known as the Joint Statement Initiative.
- Aim: This agreement aims to create legally binding provisions to facilitate investment flows.
- It also aims to develop predictable, transparent and open investment rules that will contribute to more efficient investment flows and increased business confidence and it is now in a formal negotiation phase.
- Objective: A core objective of the framework is to facilitate greater participation by developing and least-developed WTO Members in global investment flows.
- The IFD agreement was finalised in 2023 and at present around 120 of 166 WTO member countries (more than 70% of the membership) back this agreement.
- Key areas included in the IFD Agreement to promote and facilitate investment:
- Improving regulatory transparency and predictability: such as publishing investment-related measures and establishing enquiry points;
- Streamlining and speeding up administrative procedures: such as removing duplicative steps in approval processes and simplifying applications;
- Enhancing international cooperation and addressing the needs of developing members – such as providing technical assistance and capacity-building for developing countries and least developed countries; and
- Other issues: such as implementing provisions to encourage responsible business conduct.
- India is not a part of this initiative.
Hence both statements are correct.
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Consider the following statements regarding the Investment facilitation for Development (IFD):1. It was launched at the 11th World Trade Organisation’s Ministerial Conference.2. It aims to create legally binding provisions to facilitate investment flows.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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