On 6 July - after approximately six years of negotiations - 114 WTO members successfully concluded negotiations on the Joint Statement on Investment Facilitation for Sustainable Development (JS on IFD). The aim of the statement is to provide greater transparency and attract higher and better quality investment while taking the needs of developing countries into account. Members hope to conclude a WTO agreement on the matter and are actively reaching out to Members who did not take part in the Joint Statement negotiations, especially in light of the upcoming 13th WTO Ministerial Conference.