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9 - Investment

Published online by Cambridge University Press:  16 December 2009

Simon Lester
Affiliation:
WorldTradeLaw.net, LLC
Bryan Mercurio
Affiliation:
The Chinese University of Hong Kong
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Summary

Introduction

This chapter addresses the legal and policy issues arising out of Bilateral and Regional Free Trade Agreement (FTA) Investment Chapters.

Part II commences with an examination of the history of treaty-based legal protections for foreign investment. This Part traces the evolution of investment provisions, from Treaties of Friendship, Navigation and Commerce (FNC), through to Bilateral Investment Treaties (BITs), and their most recent incorporation into Investment Chapters in Free Trade Agreements (FTAs).

Part III considers how the different definition of phrases such as ‘investor’ and ‘investment’ determine the scope of FTA Investment Chapters. This Part therefore inquires into who the investment chapter applies to, and what will constitute an investment for the purpose of the chapter.

Part IV continues the analysis of States’ commitments in the FTA Investment Chapter, but with a focus on their substantive commitments.

Part V focuses on investor-state dispute settlement (ISDS) provisions in FTA investment chapters and outlines the main elements and differences between the ISDS provisions in different FTA Investment Chapters. It also explains how these ISDS provisions use, and rely on, the United Nations Commission on International Trade Law (UNCITRAL) Arbitration Rules and the International Centre for Settlement of Investment Disputes (ICSID) Convention, Regulations and Rules (‘ICSID Convention’).

Part VI outlines the different architectures of FTA Investment Chapters, with a focus on whether States schedule their market access commitments in the form of either a positive or negative list.

Type
Chapter
Information
Bilateral and Regional Trade Agreements
Commentary and Analysis
, pp. 215 - 273
Publisher: Cambridge University Press
Print publication year: 2009

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