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A survey of investment provisions in regional trade agreements

Author

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  • Chornyi, Vasyl
  • Nerushay, Marianna
  • Crawford, Jo-Ann

Abstract

The liberalization and protection of investment flows has become an increasingly indispensable pillar of economic integration. The objective of this study is to contribute to a better understanding of the ways in which RTAs achieve such liberalization and protection. To this end, we have surveyed the investment provisions contained in 260 RTAs notified to the WTO by 31 December 2015 and in force on that date. More than half of these RTAs contain investment chapters, though they vary in terms of their substantive scope and coverage. Given the unabated increase in the number of RTAs and the push towards greater economic integration we expect this figure to further increase. The main categories of investment provisions in RTAs reviewed in the paper include the definitions of investment and investor, investment liberalization, investment protection and ISDS. Also included in our analysis are provisions supporting the investment framework, host state flexibilities, investment promotion, as well as provisions on sustainable and socially responsible investment.

Suggested Citation

  • Chornyi, Vasyl & Nerushay, Marianna & Crawford, Jo-Ann, 2016. "A survey of investment provisions in regional trade agreements," WTO Staff Working Papers ERSD-2016-07, World Trade Organization (WTO), Economic Research and Statistics Division.
    • Handle: RePEc:zbw:wtowps:ersd201607
    DOI: 10.30875/db299b0b-en
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    Citations

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    Cited by:

    1. Sébastien Miroudot & Davide Rigo, 2022. "Multinational production and investment provisions in preferential trade agreements [Intra-industry foreign direct investment]," Journal of Economic Geography, Oxford University Press, vol. 22(6), pages 1275-1308.
    2. Chong, Alberto & Srebot, Carla, 2020. "Investment confidence and regional trade agreements with the United States," International Economics, Elsevier, vol. 163(C), pages 92-100.
    3. Crawford, Jo-Ann & Kotschwar, Barbara, 2018. "Investment provisions in preferential trade agreements: Evolution and current trends," WTO Staff Working Papers ERSD-2018-14, World Trade Organization (WTO), Economic Research and Statistics Division.
    4. Sébastien Miroudot & Davide Rigo, 2019. "Preferential Trade Agreements and Multinational Production," RSCAS Working Papers 2019/14, European University Institute.

    More about this item

    Keywords

    Regional Trade Agreements; investment;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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