Do International Investment Agreements promote Foreign Direct Investment?

2011 ◽  
Vol 4 (1) ◽  
pp. 25
Author(s):  
Ali Al Sadig
2020 ◽  
Vol 22 (2) ◽  
pp. 235-270
Author(s):  
Maryam Malakotipour

Abstract While International Investment Agreements (IIAs) can potentially contribute to host states’ development, the chilling effect of IIAs on host states’ public policies is the flip side of investment treaties. The lack of a clear statutory formulation of indirect expropriation and, hence, the interpretive loopholes in investor-state jurisprudence have caused unfavourable consequences attached to the application of IIAs on the protection and promotion of public welfare. This paper encourages states to revisit the formulation of their indirect expropriation clauses in line with the provided practical solutions, which allow states to have more policy space for their legitimate public policy actions without having their Foreign Direct Investment inflows decreased.


Economies ◽  
2021 ◽  
Vol 9 (1) ◽  
pp. 28
Author(s):  
Nathapornpan Piyaareekul Uttama

The international investment agreements (IIAs) are a strategic policy instrument that member countries could use to achieve win-win cooperation. Meanwhile, the extension of the Association of Southeast Asian Nations (ASEAN) membership toward the Regional Comprehensive Economic Partnership (RCEP) membership has induced the rich and deep investment agreement that challenges the ASEAN countries to take advantage. This study demonstrates the effects of investment provisions in international investment agreements on the bilateral foreign direct investment (FDI) in the RCEP economies. It also investigates the effect of ASEAN membership on investment creation and investment diversion toward the RCEP region. Using panel data on RCEP countries during the period 2009 to 2018 and a Driscoll-Kraay standard errors estimator, the results show that the re-lationship between inward FDI and investment provisions in IIAs are positive and significant. Likewise, the investment protection, and promotion provisions in bilateral investment treaties have positive and significant effects on the inward FDI. Moreover, the findings indicate that the ASEAN membership tends to cause the investment creation toward the RCEP region; and it is a stepping stone on the road to the investment policy framework for sustainable development.


2019 ◽  
Vol 34 (1) ◽  
pp. 107-135 ◽  
Author(s):  
Amr Arafa Hasaan

Abstract Since their first emergence in the 1950s, international investment agreements (IIAs) have been subject to periodic update and revision. Hence, some scholars have classified them into generations. In 1980, the Member States of the Arab League signed the Unified Agreement for the Investment of Arab Capital in the Arab States, which was intended to enhance the encouragement and protection of foreign direct investment (FDI) among them. The practical application of IIAs sometimes resulted in unforeseen consequences for either investors or host States. There have also been changes in IIAs worldwide. In 2013, the Member States amended the Unified Agreement for the Investment of Arab Capital in the Arab States. This article analyses the changes that the Member States sought through that modification. It also underlines comparison between the principles of promotion and protection precedent to the amendment and thereafter. It also covers the alteration of investor–State resolution mechanisms under the Agreement.


2017 ◽  
Vol 18 (5-6) ◽  
pp. 942-973
Author(s):  
Romesh Weeramantry

Abstract Cambodia has undertaken several initiatives to attract foreign direct investment (FDI), which has been growing rapidly in recent years, particularly through participating in Association of South East Asian Nations (ASEAN) investment agreements and free trade agreements (FTAs). This article first outlines Cambodia’s arbitration law and practice, its Law on Investment, the court system, problems relating to corruption, and foreign direct investment (FDI) patterns. It then surveys trends in Cambodia’s comparatively belated signing of investment treaties, and their main contents (including recent treaties with India and Hungary, adopting very different models). The article then discusses the only investment arbitration instituted against Cambodia, which was successfully defended, followed by a comment on the future prospects for Cambodia’s investment treaty program.


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