Working Group on Trade and Investment


The elevation of the GMS Task Force on Trade and Investment (TFTI) to the Working Group on Trade and Investment (WGTI) was endorsed by GMS Senior Officials and acknowledged at the 8th GMS Summit of Leaders in November 2024.

The GMS National Secretariats have finalized the nomination of WGTI members, and the GMS Secretariat is now preparing for the group’s inaugural meeting, scheduled for 28–29 May 2025 in Siem Reap, Cambodia.

At the first WGTI meeting, members will review the Terms of Reference (TOR), discuss the work plan, and set future priorities.

Objectives

  1. Act as a subregional leading body to facilitate policy dialogue and to implement initiatives and actions identified by GMS countries in line with the goals set by the long-term strategic framework.
  2. Act as a strategic guiding and advisory body to set goals in appropriate timeframe, prioritize working areas, identify effective actions, and allocate necessary resources.
  3. Act as a coordination body with a broad range of stakeholders such as private sector, academia, related working groups, and forums. If relevant, cooperate with action programs led by other stakeholders.
  4. Act as a monitoring body which observes the development of the GMS, with the focus on trade and investment, evaluates activities taken by the working group and each country and produces feedback.

 

Pillars of work

Pillar 1: Digitalization

Pillar 2: Improving the business climate.

  • Diversifying trade and investment
  • Attracting foreign investment
  • Developing MSMEs

Pillar 3: Maximize the utilization of FTAs

 

Work plan

The WGTI work plan builds on the activities of the GMS Task Force on Trade and Investment and emphasizes coordination with other GMS groups and the private sector. Centered on the “digital supply chain” as a cross-cutting theme, it leverages advanced technologies to enhance supply chain processes across its three pillars.

 

Activities of the WGTI

  1. Research on Harmonization of Sanitary and Phytosanitary (SPS) Measures.
  2. Private Sector Engagement
  3. Development of the Sectoral Strategy
  4. Implementation of Initiatives ((i) GMS Digital Economy Cooperation Initiative, and (ii) GMS Cooperation Framework on Digitalization of Trade Documents).
  5. Capacity Development

 














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