Davos 2023: The State of Global Trade and Investment

Trade and investment were a mayor topic at this year’s World Economic Forum Annual Meeting in Davos.

Trade and investment emerged as an interdisciplinary topic at this year’s World Economic Forum Annual Meeting in Davos, as Joachim Monkelbaan and Soumyajit Kar wrote in an article, published on the homepage of the World Economic Forum Annual Meeting (weforum.org). The authors write: “Over the last 12 months, despite widespread inflation; supply chain issues lingering since the COVID-19 pandemic; geopolitical shocks, including Russia’s invasion of Ukraine; and talks of deglobalization and geo-economic fragmentation, global trade touched a record volume of 32$ trillion”.

In the article the authors also write about a growing role for investment, because: “More than 50 WTO members reaffirmed their high-level support for the latest negotiating text for a Draft Investment Facilitation for Development (IFD) Agreement at the WTO. The IFD Agreement aims to create a transparent, efficient and investor-friendly business climate making it easier for host and home governments to attract and retain sustainable investment hat is better geared towards development. The initiative counts 112 WTO members, including 77 developing members, among which 20 are LCDs. Ahn Duk-Geun, Minister for Trade, Republic of Korea, confirmed a strong endorsement of the agreement from the private sector.”

A very interesting summary, which we recommend to read.

License and Republishing from World Economic Forum
World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.
The views expressed in this article are those of the author alone and not the World Economic Forum.