- Title Pages
- Preface and Acknowledgments
- List of Figures
- List of Tables
- List of Boxes
- List of Abbreviations
- List of Contributors
- Chapter 1 Introduction and Overview
- Chapter 2 The Multilateral Trading System
- Chapter 3 Preferential Trade Agreements
- Chapter 4 Comparative Advantage: The Ricardian and Heckscher–Ohlin Theories
- Chapter 5 Trade and the Gains from Trade in the Presence of Decreasing Costs and Imperfect Competition
- Chapter 6 Instruments of Trade Policy
- Chapter 7 Tools for Applied Goods Trade Policy Analysis: An Introduction
- Chapter 8 The Political Economy of Protectionism
- Chapter 9 The Doha Round
- Chapter 10 Protective Regimes and Trade Reform
- Chapter 11 Protection, Subsidies, and Agricultural Trade
- Chapter 12 The Economics of Services Trade: An Overview
- Chapter 13 Miracles and Debacles: An Extension<sup>*</sup>
- Chapter 14 Policy Practices and Institutions for Successful Export Development and Diversification in Developing Countries<sup>*</sup>
- Chapter 15 Trade, Poverty, Inequality, and Gender
- Chapter 16 Migration: The Globalization of International Labor Flows, Its Causes and Consequences
- Chapter 17 Deep Integration in Preferential Trade Agreements<sup>*</sup>
- Chapter 18 Rules of Origin<sup>*</sup>
- Chapter 19 Regionalism in the Americas at the Turn of the Twenty-First Century: NAFTA and Mercosur<sup>*</sup>
- Chapter 20 Safeguards, Anti-dumping, and Subsidies in International Trade Law
- Chapter 21 Services Trade Agreements and Negotiations: An Overview
- Chapter 22 Public and Private Food Safety Standards: Compliance Costs and Strategic Opportunities<sup>*</sup>
- Chapter 23 Intellectual Property Rights: Economic Principles and Trade Rules<sup>*</sup>
- Chapter 24 International Investment Agreements: Investor Protections and Foreign Direct Investment<sup>*</sup>
- Chapter 25 Dispute Settlement in the WTO: A Manual<sup>*</sup>
- Chapter 26 Competition Provisions in Regional Trade Agreements: Options for Policymakers<sup>*</sup>
- Chapter 27 International Disciplines on Government Procurement<sup>*</sup>
- Chapter 28 Trade Facilitation and Development
- Chapter 29 Trade and Environment
- Chapter 30 International Trade and Labor Standards
- Index of Names
- General Index
International Investment Agreements: Investor Protections and Foreign Direct Investment *
International Investment Agreements: Investor Protections and Foreign Direct Investment *
- Chapter:
- (p.768) Chapter 24 International Investment Agreements: Investor Protections and Foreign Direct Investment*
- Source:
- Handbook of Trade Policy for Development
- Author(s):
Ana Frischtak
Richard Newfarmer
- Publisher:
- Oxford University Press
This chapter reviews the provisions in BITs and PTAs that grant foreign investors greater predictability on the policy framework regulating their investment, enumerates their purported benefits of increased investment flows, and considers the costs associated with disputes lodged under these agreements. These agreements typically provide for transparency, non-discrimination among foreign and domestic investors, and guarantees against expropriation. Some agreements do prevent contracting parties from imposing trade-related investment measures (TRIMS), such as local content requirements and local hiring requirements. Nearly all provide for some sort of dispute settlement. There is some tentative evidence that provisions in these arrangements have contributed to increased flows, especially towards stable countries with otherwise less-developed property rights or those initiating reforms, and they appear to be most helpful in attracting foreign investment when undertaken in combination with multilateral or preferential trade agreements.
Keywords: Investment provisions, protection, bilateral investment treaties, BITs, trade-related investment measures, TRIMS, investor-state dispute settlement
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- Title Pages
- Preface and Acknowledgments
- List of Figures
- List of Tables
- List of Boxes
- List of Abbreviations
- List of Contributors
- Chapter 1 Introduction and Overview
- Chapter 2 The Multilateral Trading System
- Chapter 3 Preferential Trade Agreements
- Chapter 4 Comparative Advantage: The Ricardian and Heckscher–Ohlin Theories
- Chapter 5 Trade and the Gains from Trade in the Presence of Decreasing Costs and Imperfect Competition
- Chapter 6 Instruments of Trade Policy
- Chapter 7 Tools for Applied Goods Trade Policy Analysis: An Introduction
- Chapter 8 The Political Economy of Protectionism
- Chapter 9 The Doha Round
- Chapter 10 Protective Regimes and Trade Reform
- Chapter 11 Protection, Subsidies, and Agricultural Trade
- Chapter 12 The Economics of Services Trade: An Overview
- Chapter 13 Miracles and Debacles: An Extension<sup>*</sup>
- Chapter 14 Policy Practices and Institutions for Successful Export Development and Diversification in Developing Countries<sup>*</sup>
- Chapter 15 Trade, Poverty, Inequality, and Gender
- Chapter 16 Migration: The Globalization of International Labor Flows, Its Causes and Consequences
- Chapter 17 Deep Integration in Preferential Trade Agreements<sup>*</sup>
- Chapter 18 Rules of Origin<sup>*</sup>
- Chapter 19 Regionalism in the Americas at the Turn of the Twenty-First Century: NAFTA and Mercosur<sup>*</sup>
- Chapter 20 Safeguards, Anti-dumping, and Subsidies in International Trade Law
- Chapter 21 Services Trade Agreements and Negotiations: An Overview
- Chapter 22 Public and Private Food Safety Standards: Compliance Costs and Strategic Opportunities<sup>*</sup>
- Chapter 23 Intellectual Property Rights: Economic Principles and Trade Rules<sup>*</sup>
- Chapter 24 International Investment Agreements: Investor Protections and Foreign Direct Investment<sup>*</sup>
- Chapter 25 Dispute Settlement in the WTO: A Manual<sup>*</sup>
- Chapter 26 Competition Provisions in Regional Trade Agreements: Options for Policymakers<sup>*</sup>
- Chapter 27 International Disciplines on Government Procurement<sup>*</sup>
- Chapter 28 Trade Facilitation and Development
- Chapter 29 Trade and Environment
- Chapter 30 International Trade and Labor Standards
- Index of Names
- General Index