Investor Presentaiton
Finally, the underlying dynamics of IIA rule making have
changed. A new investment landscape, where developing countries
account for more than half of global foreign direct investment (FDI)
inflows and almost one third of global FDI outflows, is beginning to
alter the context and background against which IIAs are being
negotiated.
UNCTAD responded to these changes by presenting a
comprehensive Investment Policy Framework for Sustainable
Development (IPFSD), which examines the universe of national and
international policies through the lenses of today's key investment
policy challenges and from a sustainable development perspective.
It is the purpose of the sequels to complement the IPFSD, by
considering how the issues described in the first-generation Pink
Series have evolved with particular focus on treaty practice and the
process of arbitral interpretation. Each of the sequels will have
similar key elements, including: (a) an introduction explaining the
issue in today's broader context; (b) a stocktaking of IIA practice
and arbitral awards; and (c) a section on policy options for IIA
negotiators.
The updates are conceptualized as sequels; that is to say, they
aim at complementing rather than replacing the first-generation Pink
Series. Compared with the first generation, the sequels offer a
greater level of detail and move beyond a merely informative role.
In line with the mandate entrusted to UNCTAD, they aim to analyse
the development impact and strengthen the development dimension
of IIAS. The sequels are finalized through a rigorous peer review
process, which benefits from collective learning and sharing of
experiences.
This sequel, the sixth in the series, focuses on the ISDS clause
or the ISDS chapter- regularly included in IIAs. In light of the
increasing number of ISDS cases, the debate about the pros and
cons of the ISDS mechanism has been gaining momentum,
UNCTAD Series on International Investment Agreements IIView entire presentation