Opening Pre-Establishment National Treatment in International Investment Agreements: An Emerging 'New Normal' in China?

Asian Journal of WTO & Int'l Health Law & Policy (AJWH), Vol. 11, 2016

40 Pages Posted: 16 Oct 2016

See all articles by Qianwen Zhang

Qianwen Zhang

Sichuan University, Law School, Students

Date Written: September 30, 2016

Abstract

Pre-establishment national treatment with a negative list is gradually becoming the “new normal” in Chinese international investment law. The history of China’s approach to national treatment in Chinese international investment agreements (IIAs) can be divided into three stages: First, China’s almost complete rejection of national treatment in the 1980s and 1990s; second, its conditional acknowledgment of post-establishment national treatment from 2000-2013; and third, its adoption of pre-establishment national treatment with a negative list after 2013. Each of the stages accords with China’s internal investment development, as well as its role in the international economy. The recent shift towards pre-establishment national treatment is reflected in both China’s domestic investment system reform and its evolving approach to IIAs: Namely, that China is adapting to prevailing international investment law standards. This shift is having a profound influence on China’s legislative and administrative reforms. Ultimately, the implied liberal doctrine may bring both cooperative opportunities and challenges for both China and its investment and trade partners.

Keywords: International Investment Agreements, National Treatment, pre-establishment, post-establishment

Suggested Citation

Zhang, Qianwen, Opening Pre-Establishment National Treatment in International Investment Agreements: An Emerging 'New Normal' in China? (September 30, 2016). Asian Journal of WTO & Int'l Health Law & Policy (AJWH), Vol. 11, 2016. Available at SSRN: https://ssrn.com/abstract=2849063

Qianwen Zhang (Contact Author)

Sichuan University, Law School, Students ( email )

Chengdu, Sichuan
China

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