Investment Provisions in the CARIFORUM-EC Economic Partnership Agreement : What Implications for CARIFORUM-EU Investment Relations?
Among its many firsts, the CARIFORUM-EC EPA is the first international investment agreement between all CARIFORUM and all European Union countries. It aims to create a more favourable, transparent and predictable framework for investment flows between the Parties. However, do the provisions of the EPA create such a framework? What implications does the EPA have for CARIFORUM-EU investment relations? It is these questions which this paper examines. The paper argues that the enhanced market access concessions offered by CARIFORUM countries to EU investors are an important value-added in some cases, while the Agreement's development-friendly provisions attempt to rebalance host states' rights with the broad protections given to investors under the bilateral investment treaties currently existing between some CARIFORUM and EU countries. However, the EPA's lack of investment protection provisions, its co-existence with, and co-dependence on the existing BIT network between CARIFORUM and EU countries, and its notable contradictions in some cases with the provisions in these BITs cast doubt on the Agreement's ability to increase the attractiveness of CARIFORUM countries as investment destinations for EU investors or to enhance the transparency of the CARIFORUM-EU investment framework. The paper goes on to argue that the EU's new exclusive competence over FDI matters could potentially help to remedy this situation
Year of publication: |
2011
|
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Authors: | Nicholls, Alicia |
Publisher: |
[S.l.] : SSRN |
Subject: | EU-Staaten | EU countries | Internationale Wirtschaftsbeziehungen | International economic relations | Auslandsinvestition | Foreign investment | AKP-Staaten | ACP countries | Handelsabkommen | Trade agreement | Investition | Investment | Handelspräferenzen | Trade preferences |
Saved in:
freely available
Extent: | 1 Online-Ressource (23 p) |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 3, 2011 erstellt |
Other identifiers: | 10.2139/ssrn.1799426 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014184166
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