Opinion: India’s Right To Development And The Global Crisis Of Multilateralism |
Opinion: India’s Right To Development And The Global Crisis Of Multilateralism
India’s stance reflects a broader effort to ensure that international economic law remains responsive to the needs of the Global South
The Investment Facilitation for Development (IFD) Agreement, endorsed by China and over 120 members within the World Trade Organization, represents a significant attempt to introduce investment-related disciplines into the multilateral trading system.
Unlike traditional WTO agreements, the IFD is a plurilateral initiative—meaning it is negotiated and adopted by a subset of member states rather than through full consensus.
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The agreement aims to streamline regulatory procedures, improve transparency, and create more predictable conditions for foreign investment. Proponents argue that it is a........