2013 Reports
Are trade-law inspired investment rules desirable?
Traditional bilateral investment treaties (BITs) focus on investment protection, i.e., regulate post-establishment aspects of foreign investment. In recent times, investment agreements have increasingly been supplemented with liberalization rules and also clauses on, e.g., key personnel, labor rights and sustainable development. Such integrated investment accords have notably become part of preferential trade agreements (PTAs). This trend started with NAFTA, continued with the negotiations on a Multilateral Agreement on Investment (MAI), and has in the course of the past ten years increasingly characterized PTAs throughout the world. The rapid proliferation of PTAs has, in the investment field, unfortunately led to lower quality provisions. Many of these treaties contain such wide-ranging exceptions and vaguely formulated safeguard clauses that their regulatory value as regards the protection of foreign investments in their post-establishment phase is called into question.
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No_105_-_Baldi_-_FINAL.pdf application/pdf 78 KB Download File
More About This Work
- Academic Units
- Vale Columbia Center on Sustainable International Investment
- Publisher
- Vale Columbia Center on Sustainable International Investment
- Series
- Columbia FDI Perspectives, 105
- Published Here
- December 13, 2013
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