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Regionalism in International Investment Law$
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Leon Trakman and Nicola Ranieri

Print publication date: 2013

Print ISBN-13: 9780195389005

Published to Oxford Scholarship Online: May 2014

DOI: 10.1093/acprof:oso/9780195389005.001.0001

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ASEAN: The Liberalization of Investment through Regional Agreements

ASEAN: The Liberalization of Investment through Regional Agreements

Chapter:
(p.182) 8 ASEAN: The Liberalization of Investment through Regional Agreements
Source:
Regionalism in International Investment Law
Author(s):

Vivienne Bath

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780195389005.003.0008

This chapter discusses investment liberalization among members of the Association of Southeast Asian Nations (ASEAN). It focuses on the ASEAN Comprehensive Investment Agreement (ACIA), which came into effect on 29 March 2012, and the investment agreements of ASEAN with neighboring countries such as China, Korea, Australia, and New Zealand. It argues that although ASEAN has had considerable success in obtaining agreement to the concept of investment liberalization within ASEAN, it has been less successful in implementing its agenda through regional agreements. The content of the ACIA and of ASEAN's regional agreements suggests that while it is possible to achieve some degree of investment liberalization within the jurisdiction of a strong regional organization such as ASEAN, the degree to which investment liberalization can generally be achieved through bilateral and plurilateral agreements is likely to be limited.

Keywords:   Association of Southeast Asian Nations, ASEAN Comprehensive Investment Agreement, investment treaties, bilateral agreements, investment liberalization

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