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India Resists China-Led WTO Investment Deal UPSC

India is putting a stiff fight against the China-led Investment Facilitation for Development (IFD) Agreement at the World Trade Organization (WTO) at the risk of being isolated by other countries to defend its policy space and preserve multilateralism. New Delhi cites that the IFD that would facilitate the process of foreign investment does not follow a correct WTO mandate, counters the consensus decision making and may be acting in Chinese economic interests rather than development interests.

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