China Moves the G20 Toward an International Investment Framework and Investment Facilitation

In Julien Chaisse, ed., China's Three-Prong Investment Strategy: Bilateral, Regional, and Global Tracks (London: OUP, 2018)

23 Pages Posted: 23 Jan 2017 Last revised: 19 Apr 2018

Karl P. Sauvant

Columbia University - Columbia Center on Sustainable Investment

Date Written: 2017

Abstract

China is increasingly concerned with protecting its outward foreign direct investment, facilitating the operations of its firms abroad and creating a strong international investment law and policy regime. After briefly reviewing the emergence of China as an outward investor and some policy issues associated with this rise, this chapter reviews a few issues central to the future of the international investment law and policy regime. It then comments on several outcomes that were achieved — or initiated under — China’s G20 leadership: non-binding “Guiding Principles for Global Investment Policymaking” that could eventually form the basis of a universal framework on international investment; the Importance of investment facilitation, leading perhaps to an international support program for sustainable investment facilitation, beginning possibly with “Guiding Principles for Global Investment Facilitation”; and the creation of an additional intergovernmental platform that allows for a continued systematic intergovernmental process to discuss the range of issues related to the governance of international investment, preferably paralleled by an informal, inclusive and result-oriented consensus-building process that takes place outside intergovernmental settings.

Keywords: China, G20, foreign direct investment, international investment regime, multinational enterprises

Suggested Citation

Sauvant, Karl P., China Moves the G20 Toward an International Investment Framework and Investment Facilitation (2017). In Julien Chaisse, ed., China's Three-Prong Investment Strategy: Bilateral, Regional, and Global Tracks (London: OUP, 2018). Available at SSRN: https://ssrn.com/abstract=2901156

Karl P. Sauvant (Contact Author)

Columbia University - Columbia Center on Sustainable Investment ( email )

Columbia Law School
435 W 116th Street
New York, NY 10027
United States

HOME PAGE: http://works.bepress.com/karl_sauvant/

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