Delegates attend the 13th World Trade Organization Ministerial Conference in Abu Dhabi of Feb. 26, 2024. India and South Africa have filed a formal objection against an investment agreement at a World Trade Organization meeting in Abu Dhabi, blocking its adoption in a move that observers say could block hundreds of billions of dollars in investment. India and South Africa have filed a formal objection against an investment agreement at a World Trade Organization meeting in Abu Dhabi, blocking its adoption in a move that observers say could block hundreds of billions of dollars in investment. The deal agreed by some 125 countries, or about three-quarters of the WTO's members, aims to simplify red tape, improve the investment environment and encourage foreign direct investment. A Western trade delegate at the talks called it "ironic that India and South Africa stand in the way of something with such manifest benefits for developing countries."

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Persons: Alan Yanovich, Akin Gump Strauss Organizations: World Trade Organization Ministerial, World Trade Organization, South Locations: Abu Dhabi, India, South Africa