India and South Africa have formally objected to a China-led investment facilitation proposal at the 13th ministerial conference of the World Trade Organization (WTO) meeting in Abu Dhabi, effectively blocking its adoption. This move, hailed by civil society groups, is seen as a bold stand against what they consider a non-trade issue. The objection could potentially block hundreds of billions of dollars in investment, according to observers.
#NewsAtNine: The Headlines India and South Africa block key proposal led by China at the World Trade Organisation ministerial conference. https://t.co/ovOYA3bXrn
#India and #SouthAfrica have filed a formal objection against an investment agreement at a World Trade Organization meeting in Abu Dhabi, blocking its adoption in a move that observers say could block hundreds of billions of dollars in investment. #WTO https://t.co/RlzjKpeGhv
India and South Africa have filed a formal objection against an investment agreement at a World Trade Organization meeting in Abu Dhabi, blocking its adoption in a move that observers say could block hundreds of billions of dollars in investment https://t.co/7ryGEaXFYH https://t.co/sYmAGQ7Zj1
#India and #SouthAfrica have filed a formal objection against an investment agreement at a World Trade Organization meeting in Abu Dhabi, blocking its adoption, a document showed and delegates confirm. https://t.co/vS8ioYrAq8
Civil society groups congratulate South Africa @the_dtic and India @CimGOI for having taken a bold stand in making it clear that the proposed Investment Facilitation agreement is opposed by them, and therefore cannot be further discussed or adopted at the 13th ministerial of WTO
STORY | India opposes China-led investment facilitation proposal at WTO, terms it non-trade issue READ: https://t.co/HC0wUkEe8I https://t.co/A5F9HeO7oj