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China's International Investment StrategyBilateral, Regional, and Global Law and Policy$
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Julien Chaisse

Print publication date: 2019

Print ISBN-13: 9780198827450

Published to Oxford Scholarship Online: April 2019

DOI: 10.1093/oso/9780198827450.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 21 October 2019

Substantive Provisions of the East Asian Trilateral Investment Agreement and their Implications

Substantive Provisions of the East Asian Trilateral Investment Agreement and their Implications

Chapter:
(p.222) 12 Substantive Provisions of the East Asian Trilateral Investment Agreement and their Implications
Source:
China's International Investment Strategy
Author(s):

Won-Mog Choi

Publisher:
Oxford University Press
DOI:10.1093/oso/9780198827450.003.0013

The Korea–China–Japan Investment Promotion, Facilitation and Protection Agreement is the first treaty in the economic field that binds the three Northeast Asian countries together under a single legal instrument. The existence of effective dispute settlement procedures under the treaty will contribute to the creation of a favourable investment climate in the host country. Nevertheless, there have been fears about frivolous or vexatious claims that could inhibit legitimate regulatory actions by governments. How to compose an investment chapter of the Korea–China–Japan FTA that is being negotiated is a pressing demand for all in the region. Any pertinent answers to such a quest require a thorough comparison of the benefits and drawbacks of any development of relevant rules and governance. In the end, a quest for better international investment governance in Northeast Asia in the future requires sound evaluation of lessons from the past and present.

Keywords:   Korea–China–Japan, Investment Promotion, FTA, Northeast Asia, foreign direct investment, investor–state dispute settlement

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