The Role of International Investment Agreements in Fostering Sustainable Development

Baetens, F., (Ed.), Investment Law Within International Law: Integrationist Perspectives (CUP 2013)

11 Pages Posted: 20 Jul 2013 Last revised: 5 Aug 2013

See all articles by Wolfgang Alschner

Wolfgang Alschner

University of Ottawa - Common Law Section

Elisabeth Tuerk

United Nations - Conference on Trade and Development (UNCTAD)

Date Written: July 18, 2013

Abstract

This paper provides a brief overview of recent UNCTAD research on the nexus between international investment treaties and sustainable development. After sketching the historic evolution and current trends in IIA treaty practice, it explores the linkages between IIAs and three areas of public policy-making that have been at the centre of UNCTAD's research and policy analysis with respect to IIAs and sustainable development. These include 1) combating climate change; 2) integrating investment and industrial policy; and 3) promoting responsible corporate behaviour. The paper concludes on the need for more inter-State cooperation to address the various challenges facing the IIA regime today and to enhance its sustainability dimension. In this context, UNCTAD’s recently released Investment Policy Framework for Sustainable Development (IPFSD) can provide helpful guidance for the formulation of a new generation of more sustainable investment policy-making.

Keywords: Investment law, investment treaties, sustainable development, UNCTAD, IPFSD

Suggested Citation

Alschner, Wolfgang and Tuerk, Elisabeth, The Role of International Investment Agreements in Fostering Sustainable Development (July 18, 2013). Baetens, F., (Ed.), Investment Law Within International Law: Integrationist Perspectives (CUP 2013) . Available at SSRN: https://ssrn.com/abstract=2295440 or http://dx.doi.org/10.2139/ssrn.2295440

Wolfgang Alschner (Contact Author)

University of Ottawa - Common Law Section ( email )

57 Louis Pasteur Street
Ottawa, K1N 6N5
Canada

Elisabeth Tuerk

United Nations - Conference on Trade and Development (UNCTAD) ( email )

Palais des Nations
Office E 8074
Geneva, 1211
Switzerland

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