Background and Principles
The GMS Program established a Task Force on Trade and Investment (TFTI) in June 2022 to expand cooperation opportunities in trade and investment matters. This aligns with the GMS 2030 Strategy, which allows for the establishment of new working groups or temporary task forces to support key operations of the GMS Program.
Recent Progress
The TFTI is currently developing a digital action plan under the GMS Program and exploring collaboration opportunities with other working groups. The focus is on studying inter-agency coordination in trade and investment, and enhancing product traceability capabilities. Given the high volume of agricultural trade in the region, studying ways to improve trade processes and reduce gaps in agricultural product standards between countries is expected to yield maximum benefits.
