India refuses to back IFD Agreement at WTO MC14, cites concerns over WTO's foundational principles: Piyush Goyal
Mar 29, 2026
"At #WTOMC14, drawing inspiration from Mahatma Gandhi ji's philosophy of Truth prevailing over conformity, India showed the courage to stand alone on the contentious issue of the Investment Facilitation for Development (IFD) Agreement and did not agree to its incorporation into the WTO framework as an Annex 4 Agreement," Goyal said in a post on social media. "Incorporation of the IFD Agreement risks eroding the functional limits of the WTO and undermining its foundational principles," the post added.