To provide the Applicants with the best possible and most relevant experience, the Model WTO has decided to adapt this years topic. By narrowing the topic to Trade & Investment: the framework of a potential Investment Facilitation Agreement, the Model WTO intends to create an even more relevant experience for its Participants as this topic has become even more relevant in recent weeks. We apologise for any inconveniences due to the delayed publication.
Committee on Investment Facilitation 2: Administrative Efficiency and International Cooperation
Investment facilitation measures can vary in types and efficiency. One way of distinguishing between investment facilitation measures is demonstrated in the proposed Brazilian Investment Facilitation Agreement, whereby it is differentiated between institutional governance, electronic governance and procedural measures.
The Committee on Investment Facilitation Measures could discuss investment facilitation procedures that increase administrative efficiency, that is streamlining and speeding up the process, to remove barriers to investment. For example, by discussing procedural aspects of processing investment applications. Whilst discussing the investment facilitation measures, it must also be ensured that the principles of the WTO and other principles such as transparency and predictability are consistent with the measures. In this regard, the Committee could discuss with the Committee on Investment Facilitation 1 if the measures discussed are coherent with further principles developed by the latter Committee.
The Committee on Investment Facilitation Measures could also discuss international cooperation within investment practices. This cooperation should be aimed at easing investment application measures and other facilitation measures.
Finally, the Committee shall bring all of these points of discussion together either as part of a new regulatory agreement or within an existing agreement.
To discuss these questions and concepts, possible resources include the WTO Trade Facilitation Agreement, the Brazilian Cooperation and Investment Facilitation Agreement, as well as the Indian Proposal on Trade in Services Agreement.
Author of the Committees 2018:
Marisa Menzel (firstname.lastname@example.org)
Model WTO Head of Simulation Design
This year’s Model WTO focuses on trade and investment, and notably investment facilitation. The Model WTO organizers are fully cognizant that the ‘Joint Ministerial Statement on Investment Facilitation for Development‘ – co-sponsored by 70 WTO Members at the WTO’s Eleventh Ministerial Conference held in Buenos Aires in December 2017 (document WT/MIN(17)/59) – explicitly specifies that the “structured discussions with the aim of developing a multilateral framework on investment facilitation” […] “shall not address market access, investment protection, and investor-State Dispute Settlement” (emphasis added).
This is why the 2018 Model WTO focuses on investment facilitation. Nevertheless, it was considered interesting for participating students – merely for educational purposes – to consider also investment promotion and market access (in Committee 5), as well as investment protection (Committee 6). It is hoped that this will lead to a better understanding of the scope of investment facilitation and how it differs from these other areas.
We thank you for your understanding.