WTO MEETING NEXT MONTH TO DISCUSS INVESTMENT FACILITATION REQUIRED TO FULFILL THE OBLIGATIONS UNDER AGREEMENT ( MFN)

India is treated among the selected few countries which are developing most favoured nations provisions required to borrow beneficial investment from the other investment treaties for which it has become need of the time to access the investment protections for which the WTO investment facilitation agreement must be insulated to lock in these unilateral reforms  prefixed as the binding norms at the level of WTO and required for the economic reforms ensuring no back tracking and avoiding the cost index determination commitment to be made with the foreign investors towards the attractive deal and created investment and becoming day by day critical as such the investment facilitation agreement expanding towards their enforceable rights under BITs .There is a onerous binding obligations which developing countries may find difficult to meet with the requirements and the developing countries must follow technical assistance of the investors to fulfill the obligations under the said agreement Therefore the WTO investment facilitation agreement should not unduly curtail the policy space of the developing countries. Necessary negotiations try to shape the investment facilitation agreement reflection as the bargaining chip to obtain favourable consideration on the issue of Agriculture reforms may share India's scepticism on investment protections under international law broaden to include issues of the market access and the protection. The commerce ministry has recently launched a foreign investment facilitation portal , which will act as a single point online interface between the government and the investors. This single window clearance system is expected to iron out the Administrative bottle necks that foreign investors face while dealing with different government departments and the ministeries .The twelveth ministerial meeting will be held at Geneva next month to discuss the pact and shape of economic reforms .

No comments:

Post a Comment