A China ¨C US Bilateral Investment Treaty: Template for a Multilateral Framework for Investment?
China is the largest foreign direct investment (FDI) host and home country among emerging markets and the U.S. among developed countries. As host countries, both seek to maintain policy space to pursue their own legitimate public policy objectives; as home countries, they seek to protect their investors¡¯ outward FDI. This study looks into the development of their bilateral investment treaties (BITs) between the two countries. It shows that Chinese BITs have become more protective of investors, while the U.S. ones more respectful of host country interests. If agreement is reached between the two countries, it would provide a template for future investment agreements.
Volume (Year): 5 (2013)
Issue (Month): 1 (March)
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