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112 WTO members sign statement on investment facilitation negotiations

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BEIJING, Dec. 11 (Xinhua)

China and 111 other members of the World Trade Organization (WTO) on Friday signed a joint statement on investment facilitation, the Ministry of Commerce said on Saturday.

The 112 WTO members, including the EU, Russia and Japan, aim to complete the negotiations on the text concerning investment facilitation by the end of 2022, and push for a final multilateral agreement, the ministry said in a statement on its website.

The G20 Guiding Principles for Global Investment Policymaking were established at the 2016 G20 Hangzhou Summit. To translate the outcomes of the summit, China and various other WTO members launched discussions on investment facilitation in 2017. Formal negotiations began in 2020, with Chile currently serving as coordinator.

Investment facilitation is about improving investment policy transparency on a global scale, simplifying and accelerating investment approval procedures, and promoting international cooperation. So far, participating parties have reached a preliminary consensus on the framework and main rules of the agreement.

Once the agreement is reached, it will create a more transparent, stable and predictable environment for global investors and promote the development of global investment and trade. It will also help Chinese enterprises globalize in a more efficient manner, said Zhou Nianli, a professor at the University of International Business and Economics.

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Freedom of journalism must be practiced within the responsibilities

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Minister at the President’s Office for Strategic Communications Ibrahim Khaleel has underscored the importance of exercising the freedom of press within the responsibilities. He made the remarks while speaking at a programme aired on PSM News.

Commemorating the 7th anniversary of PSM News, Minister Khaleel was invited to the programme, as he played a pivotal role in founding the PSM News Channel during his tenure as the Former Managing Director of the Public Service Media (PSM). The minister worked in the field of journalism and broadcasting for several years, actively engaging in various media positions, including reading and writing news articles.

Highlighted the convenience within the field following the advancements of technology, Minister Khaleel revealed articulated his vision for PSM News to serve as the primary national channel, delivering reliable and timely news coverage across the entirety of the country. In observance of World Press Freedom Day, the minister noted the continuous expansion of press freedom over the years. On this stance, he stressed the significance of media outlets to execute obligations in disseminating news, urging the spread of credible information.

Furthermore, Minister Khaleel revealed the government’s plan to expand and promote journalism. As such, efforts are underway to provide educational opportunities and to strengthen the financial stability of media organisations.

Source(s): PsmNews

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Fourth meeting of High-Level Core Group on withdrawal of Indian troops held in Delhi

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The fourth meeting of the High-level Core Group between the Maldives and India took place in Indian capital New Delhi on Friday.

Maldivian Foreign Ministry said both sides reviewed the existing bilateral cooperation between nations during Friday’s meeting while discussions were also held on a wide range of issues of mutual interest, including development and defense cooperation.

Additionally, the Foreign Ministry said it was reiterated that the Indian government will replace military personnel at the last of the three aviation platforms by May 10th, adding both sides expressed satisfaction with the fact that all the logistical arrangements are going ahead as per schedule.

Both sides also agreed that the fifth meeting of the High-Level core Group will be held in Male’ on a mutually agreeable date in June or July.

The High-Level Core Group was formed following a meeting between Maldivian President Dr. Mohamed Muizzu and Indian Prime Minister Narendra Modi on the sidelines of COP28.

Source(s): sun.mv

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Minister of Islamic Affairs to attend the OIC Summit as the President’s Special Envoy

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The Minister of Islamic Affairs, Dr Mohamed Shaheem Ali Saeed, will attend the 15th session of the Islamic Summit of the Organisation of Islamic Cooperation (OIC), which begins tomorrow, as President Dr Mohamed Muizzu’s Special Envoy.

The Minister of Islamic Affairs is scheduled to address the 15th session of the Islamic Summit of the Organisation of Islamic Cooperation (OIC) as the President’s Special Envoy, which begins tomorrow, at Banjul, The Gambia. His address will be broadcast on television.

The Islamic Summit of the OIC, held once every three years, brings the leaders of the Islamic nations together to deliberate, take policy decisions, and provide guidance on issues pertaining to the Ummah as outlined in the OIC Charter.

The 15th Session of the Islamic Summit of the Organisation of Islamic Cooperation (OIC) will take place in Banjul, The Gambia, from May 4–5, 2024, under the theme “Enhancing Unity and Solidarity through Dialogue for Sustainable Development.”

Source(s): Presidents Office

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