On 9 October 2020, the WTO announced the second round of formal negotiations for a multilateral agreement on investment facilitation for development, held on 8-9 October 2020, showed a high level of engagement by participating members who found significant common ground to advance in line with the agreed agenda. Participating members — currently 105 — engaged in a constructive discussion with a view to achieving a concrete outcome by the 12th WTO Ministerial Conference (MC12) scheduled for next year.