The government is stepping up efforts to persuade European countries to start bilateral investment agreement talks with Taiwan, as the conditions are ripe, Minister said
The EU-UK agreement contains limited protections for investors and no investor-state enforcement mechanism. Its dispute resolution mechanism is limited to a “WTO-like” state-to-state arbitration.
The agreement, which would roll back restrictions on investment, faces some opposition in Europe and objections from the Biden camp.
Though EU officials haven’t yet revealed the details, one senior EU diplomat said the agreement goes beyond anything Beijing has offered any foreign partner previously.
Officials say European Parliament could refuse to endorse deal over Beijing’s failure to commit to International Labour Organisation standards
The European Commission has secured breakthroughs as China agrees to open up its market in multiple sectors for EU businesses.
Given China’s unique position, the study concludes that the EU must ensure that particularly strong protections for EU regulatory policy space are included in any future investment deal.
The latest round follows straight on the heels of ‘intensive’ talks. Negotiators hope to reach agreement by the end of the year, but issues such as market access remain a stumbling block.
There have been breakthroughs on the level playing field issues. Market access and sustainable development chapters are now being discussed.
The groups said they are concerned about the ICSID’s long-standing failure to promulgate clear rules for addressing cases where corruption has been alleged.
Prime Minister Imran Khan has approved the formation of a working group of experts for reforming Pakistan’s international investment regime.
Rather than viewing international investment law as inherently threatening or constraining, China now sees it as a valuable instrument for protecting its investments and interests abroad.
India and the Philippines have begun negotiations on a bilateral investment agreement as they want to further boost their economic ties.
Most recently, Jersey has joined Hong Kong as another non-sovereign entity that negotiates its own BITs. Jersey is set to sign its first BIT with the UAE later this year.
The scope of consent to arbitration is an important issue that needs to be finally settled - not least because it could have multi-billion dollar implications for India in respect of other cases involving challenges to India’s taxation measures by foreign investors.
South Korea and China on Monday launched the ninth round of talks with China to bolster ties in the service and investment fields as part of their bilateral free trade agreement (FTA), which went into effect five years ago.
Both sides also agreed to expedite their internal procedures for signing and ratification of the Protocol amending India-Oman Double Taxation Agreement and conclusion of the India-Oman Bilateral Investment Treaty.
The agreement for the reciprocal promotion and protection of investments between France and Colombia has entered into force, at the time of the pandemic-related economic crisis.
Official sources said both sides are looking at firming up a bilateral investment protection treaty.
Israel and the United Arab Emirates have reached a bilateral agreement that will give incentives and protection to investors who make investments in each other’s countries.