WTO deal aims to aid developing economies

ABU DHABI: More than 120 WTO member states have finalized an agreement that aims to facilitate investment in developing countries by improving transparency and clearing bureaucratic hurdles, the global trade body said Sunday.

The Investment Facilitation for Development (IFD) Agreement, signed by 75 percent of the World Trade Organization's members, would require full consensus before it could be formally incorporated, as per the body's rules.

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