India thwarts China's attempt for investment facilitation proposal at WTO

South Africa backed India's move to block the proposal. The 123-member group led by China tried to push the proposal in the working group meeting on development and India objected to that. A logo is seen at the World Trade Organization (WTO) headquarters before a news conference in Geneva, Switzerland, October 5, 2022. (Reuters File Photo) India on Wednesday blocked an effort by a group of World Trade Organization (WTO) countries, spearheaded by China, from pushing forward an investment facilitation pact during the ministerial conference, a move which may ensure that the proposal is unlikely to be part of the…