Minister Wang Wentao attends the Ministerial Meeting of the WTO Investment Facilitation Agreement and delivers a speech

On March 25th, the Ministerial Meeting of the WTO Investment Facilitation Agreement was held in Yaound é, the capital of Cameroon. Minister of Commerce Wang Wentao attended and delivered a speech. The Director General of the World Trade Organization, Ivira, as well as ministers or high-level officials from member countries such as South Korea, Chile, Gambia, and Cambodia, delivered speeches. Chinese Ambassador to the World Trade Organization, Li Yongzhao, attended.

Wang Wentao stated that in the current context of rising unilateralism and protectionism, as well as challenges and uncertainties facing the global economy and investment, WTO members should take the initiative to jointly maintain the main channel position of the multilateral trading system in formulating international rules, formulate multilateral investment rules that adapt to the new situation, promote the recovery of global cross-border investment, and demonstrate the authority and effectiveness of the WTO.

Wang Wentao pointed out that the WTO Investment Facilitation Agreement is the world's first multilateral investment agreement and the first economic and trade agreement with development as its core. The vast majority of WTO members hope to incorporate the agreement into a multilateral framework, fully demonstrating that promoting development is the trend and revitalizing the negotiating function of the WTO is the will of the people. China hopes that all parties can build consensus, seek common ground while reserving differences, promote the global development agenda, and achieve historic results at the 14th Ministerial Conference of the World Trade Organization.

Wang Wentao stated that China will continue to support technical assistance and capacity building under the framework of the Investment Facilitation Agreement, and is willing to work with all parties to uphold the principles of openness, inclusiveness, inclusiveness, balance, and win-win, adhere to multilateralism, promote the early entry into force and implementation of the Investment Facilitation Agreement, promote global openness and cooperation, and enable development achievements to benefit more countries and peoples.

The Ministerial Conference on Investment Facilitation Agreement is an important supporting event of the 14th Ministerial Conference of the World Trade Organization. The agreement aims to improve the global investment and business environment and promote global investment flows, with participation from 128 members including China.