KUALA LUMPUR: Malaysia today joined 37 other WTO Members in calling for a structured discussion in the WTO on investment facilitation for development. International Trade & Industry Ministry said the like-minded group sought for a Ministerial Decision on Investment Facilitation for Development that would initiate a structured discussion in the WTO to develop a multilateral framework on investment facilitation. The objective of this framework is to enhance investment facilitation, similar to the Trade Facilitation Agreement adopted by WTO members in 2013, it said. “The framework shall also be designed to be flexible, adaptable, and responsive to the evolving investment facilitation priorities of Members,” it said. A framework in the WTO on investment facilitation would assist Malaysian companies investing abroad.

Source: New Strait Times December 12, 2017 02:13 UTC