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International Investment Policy of Small States: The Case of Brunei

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  • Bruno Jetin

    (CEPN - Centre d'Economie de l'Université Paris Nord - UP13 - Université Paris 13 - USPC - Université Sorbonne Paris Cité - CNRS - Centre National de la Recherche Scientifique)

  • Julien Chaisse

    (CUHK - City University of Hong Kong [Hong Kong])

Abstract

Brunei Darussalam is a small open economy gifted with important oil resources which make it the second richest Southeast Asian economy after Singapore. Like all resource-rich countries, its main challenge is to diversify its activities to prepare for a post-oil sustainable economy. Attracting foreign direct investment in new sectors will be an important element of success in this endeavour. The legal framework governing investment will therefore be critical to foreign investors. Although the experience of Brunei in international investment treaties negotiations is rather limited from a quantitative point of view, the country has signed several treaties with partners such as China, Korea, Japan, and the other ASEAN countries. This chapter reviews the existing treaties with the object of assessing Brunei's contribution to international investment policy in Asia and explaining Brunei's trajectory in terms of investment rule-making, FDI trends and potential disputes.

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  • Bruno Jetin & Julien Chaisse, 2018. "International Investment Policy of Small States: The Case of Brunei," Post-Print halshs-03712113, HAL.
    • Handle: RePEc:hal:journl:halshs-03712113
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-03712113
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