An investment deal between China and the European Union restricts Europeans from investing in Chinese media and entertainment companies but does not block Chinese firms from investing in European ones.
Without thinking about environmental action beyond emissions and enacting binding agreements on protecting workers’ rights, China and the EU fail at making meaningful change for both labour and environmental justice.
Beijing and Brussels are trying to finalise what has been described as ’the biggest investment agreement’ in history. But will it ever be ratified?
Besides protection and dispute settlement, the BIT also includes several key changes in terms of application and restriction.
Hong Kong democracy activists have warned the EU it must not ratify its planned new investment deal with China at a time when Beijing is tearing up international obligations to the people of Hong Kong.
The China-EU comprehensive investment agreement (CAI) addresses important issues of market access, regulatory cooperation and sustainable development, but does not include sections on investment protection and ISDS.
A bilateral investment treaty between Singapore and Indonesia has come into force after being ratified in a virtual meeting on March 9.
Most international investment agreements do not exclude taxation from their scope, which means that a wide range of tax-related measures are covered by them.
Ghana’s Foreign Affairs minister-designate has sought for a renegotiation of the Bilateral Investment Treaty (BIT) signed between Ghana and Spain.
The European Commission said that it wants to “explore options” for expanding the EU’s trade and investment with India.
A Chinese-based construction company, Beijing Everyway Traffic and Lighting Tech Co Ltd is claiming USD55 million from Ghana for cancelling a contract it awarded it to develop an intelligent traffic management system for the country.
ROYAL Dutch Shell Plc launched arbitration proceedings against the Nigerian government over a long-running community dispute.
In the EU-China Comprehensive Agreement on Investment is expected to face intense resistance from some European lawmakers, while international unionists, who say the pact will do nothing to stop human rights abuses or protect labour rights in China, have vowed to ramp up pressure over the deal.
Categorical claims about the impact of trade deals on FDI are not supported by the evidence, which paints a nuanced and sometimes contradictory picture.
EU negotiators made some progress in important areas like market access, investment liberalization, and sustainable development. But can an incremental bilateral agreement like the CAI really govern economic relations with today’s China?
Some WTO Members are negotiating rules on facilitating investment. This is the draft consolidated text as of 4 February 2021.
The CAI will be judged a few years from now by its implementation and the concrete steps China takes to fulfill its promises. If European companies do not perceive any improvement, and China makes no progress on labour standards, the CAI might come to be viewed as another empty gesture.
Sources said that the government will have its own template for a BIT, which will replace the existing treaties with different countries.