Global flows of foreign direct investment (FDI) have been declining for years, a negative trend that accelerated during the COVID-19 pandemic. Against this background, countries are searching for new ways to attract new investment. In this context, a group of World Trade Organization (WTO) Members are negotiating an Investment Facilitation for Development (IFD) Agreement. The negotiations are well advanced, and the contours of a future agreement are becoming visible ahead of the 12th Ministerial Conference of the WTO. This session acknowledges the ongoing discussions about the benefits and challenges of an IFD Agreement, but aims at thinking ahead towards the implementation phase. This session will draw from novel empirical research as well as insights from broad stakeholder consultations conducted in the framework of an ongoing ITC/DIE project on Investment Facilitation for Development, the main results of which are contained here.